- What H&R REIT completed the sale of its stake in a Burnaby office building
- Why The company is repositioning its portfolio
- What next H&R REIT plans to focus on industrial and residential properties
H&R REIT has completed the $82.5m sale of its 50% stake in an office building in Burnaby, B.C.
The property’s co-owner, Crestpoint Real Estate Investments, was the buyer on the deal, which closed on June 28.
As reported by Green Street News in April, the sale is part of H&R REIT’s long-term plan to reposition its portfolio. The company is working to exit the office and retail sectors and focus exclusively on industrial and residential properties.
