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Market Chatter: H&R REIT in Talks About a Potential Sale to Blackstone, Bloomberg Reports

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H&R Real Estate Investment Trust (HR-UN.TO) is in discussions with Blackstone about a potential sale of the REIT, Bloomberg News reported Thursday.

Citing "people with knowledge of the matter", the news service said the talks follow on negotiations last year involving H&R, Blackstone, TPG Inc. and Crestpoint Real Estate Investments that fell apart.

The report said hedge fund K2 & Associates Investment Management is pushing the REIT to explore a sale.

Bloomberg said Blackstone declined to comment on the potential acquisition, while H&R didn't reply to a request for comment.

H&R units closed up C$0.90, or 8.6%, to $11.39 on the Toronto Stock Exchange.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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