trending Market Intelligence /marketintelligence/en/news-insights/trending/rnzlqfy5uu47iyuklhfuew2 content esgSubNav
In This List

H&R REIT wraps up US$620M sale of 62 retail properties

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


H&R REIT wraps up US$620M sale of 62 retail properties

Diversified real estate investment trust H&R Real Estate Investment Trust wrapped up the sale of almost all of its U.S. retail properties for roughly US$620.4 million.

The transaction involves 62 of H&R REIT's retail properties in the United States, apart from 16 gas and convenience stores and one grocery-anchored center in Florida, which is under contract to be sold to the center's leading tenant for US$12.6 million.

The proceeds from the sale will be used partly to repay US$205.3 million of mortgage debt on the assets. The balance of the proceeds will be used to settle debt and finance the Lantower Residential purchases.