10:58 AM EDT, 07/09/2025 (MT Newswires) -- Blackstone (BX) is among a handful of companies in talks to acquire Toronto-based H&R Real Estate Investment Trust's residential and industrial properties, The Globe And Mail said Wednesday, citing sources familiar with the process.

The real estate investment trust received multiple offers to buy all or parts of the company from US private equity funds, Canadian pension funds, and others since February, with activist investor K2 & Associates Investment Management pushing the company to disclose bidders, The Globe And Mail said.

Blackstone is said to be working with TPG (TPG) as private equity firms eye H&R REIT's 10.5 billion Canadian dollars ($7.67 billion) property portfolio, The Globe And Mail reported.

Blackstone and TPG did not immediately respond to MT Newswires' request for comment.

(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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