H&R Real Estate Investment Trust has agreed to acquire Lantower Residential Real Estate Development Trust (No. 1)’s approximately 70.9% interest in two Florida residential projects. The all-cash transaction covers developments in Largo and Kissimmee, expected to include 601 suites, and is intended to provide liquidity to Lantower unitholders as the trust prepares to wind down its investment.
- H&R REIT to Acquire Lantower’s Florida Residential Projects in All‑Cash Deal, The Globe and Mail.