H&R REIT Secures $250M in Financing for Growth

H&R Real Estate Staple (TSE:HR.UN) has released an update.

H&R Real Estate Investment Trust has successfully completed a $250 million senior unsecured debenture financing at a rate of 5.457%, maturing in 2029, with the proceeds aimed at debt repayment and general trust purposes. As one of Canada’s largest REITs, H&R is focusing its growth strategy on residential and industrial properties, with plans to divest from office and retail assets in favor of development opportunities in prime North American locations.

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