A significant chunk of Canada’s real estate market is up for grabs as private equity giants Blackstone and TPG, along with a major pension plan, are in talks to acquire H&R Real Estate Investment Trust’s C$10.5 billion (US$7.7 billion) property portfolio. This massive deal would account for nearly 25% of Canada’s total commercial real estate market value.
According to reports, activist investor Sandpiper Partners is pushing H&R REIT to provide more information on the bids for its assets, which include office buildings, retail spaces, and industrial properties across Canada. The C$10.5 billion portfolio represents a significant portion of H&R REIT’s total assets, which stood at C$12.3 billion (US$9.1 billion) as of September 2022.
The potential acquisition would be one of the largest in Canadian real estate history, with Blackstone and TPG looking to expand their presence in the country’s commercial property market.
Wall Street Apes
@WallStreetApes
·
May 5 Monopolies are supposed to be illegal in America
“Here’s every purchase that Blackstone or BlackRock has made since the year started
– Data center platform in Asia, closed in January at $24 billion
– Billion dollar power plant in Virginia, near data centers
– Citrin Cooperman,
WalleDAO
@WalleDAO
·
Jul 7 BREAKING:
@BlackRock
BUIDL Fund Surges to $2.83B
5.7x Growth in 1 Year ($500M → $2.83B)
World’s Largest Tokenized Treasury Fund
Top Holders
@ethena_labs
: $1.31B
@sparkdotfi
: $806M
@OndoFinance
: $150M
Powered by
@Securitize
@redstone_defi
1/9
Chad Steingraber
@ChadSteingraber
·
May 24 The current state of Tokenized Treasuries
Blackrock’s BUIDL leads by a large margin.
$7.09Billion in total. —> It’s going into the Trillions.
Rohit Saini
@rohits_bn
·
Jul 3 Black Box
Company is targeting USD 1.5 bn-3 bn share of its defined TAM of USD 120 bn-150 bn
Revenue FY25 : USD 705 mn
#blackbox
DustyBC Crypto
@TheDustyBC
·
May 28 BREAKING
TELEGRAM PLANS $1.5B BOND SALE WITH 9% YIELD
BLACKROCK, CITADEL & MUBADALA REPORTEDLY LINED UP TO INVEST.
Merlijn The Trader
@MerlijnTrader
·
May 29 BlackRock’s BUIDL has hit $2.9 BILLION TVL.
That’s nearly $3B flowing onchain. Secured by $ETH.
Smart money and institutions are in.
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