01:49 PM EDT, 03/23/2026 (MT Newswires) -- Go Residential REIT (GO-U.TO) on Monday said it raised a total of US$75.1 million in two offerings.

The REIT raised US$37.5 million in its public offering of 3.8-million trust units at US$9.95 apiece, while its operating subsidiary concurrently closed a private placement of 3.8-million units at the offering price, for US$37.6 million.

Go Residential will use the combined proceeds, along with a draw of US$19 million on its credit facility, to fund part of the US$439.6 million acquisition for two properties in New York City.

Both acquisitions are expected to close in the second quarter of this year, a statement said.

Go Residential units were last seen up $0.24 to $10.15 on the Toronto Stock Exchange.

Price: 10.15, Change: +0.24, Percent Change: +2.42