04:54 PM EDT, 03/16/2026 (MT Newswires) -- GO Residential Real Estate Investment Trust (GO-U.TO) on Monday said it agreed to acquire the following properties from two separate third-party vendors for a combined US$439.6 million..

The company is buying a 100% interest in the residential and retail units in 7 Dey, located at 7 Dey St., New York, and an approximate 81% managing interest in 409 Eastern Parkway, located at 409 Eastern Pkwy., Brooklyn.

According to the statement, the total payment will be satisfied through a combination of cash, debt assumption, new mortgage and debt financing and equity financing, subject to customary closing conditions, including the approval of the Toronto Stock Exchange.

The acquisitions are expected to close in the second quarter of 2026.

"7 Dey Street and 409 Eastern Parkway represent the latest steps in a concerted effort to deliver meaningful value to our unitholders," said chief executive Joshua Gotlib. "These acquisitions are expected to enhance our scale, asset quality and long-term growth profile, in addition to generating diversity within our portfolio. Importantly, they have been structured in a manner that reflects our disciplined approach to the balance sheet."

GO Residential REIT also said it entered into an agreement with underwriters for a bought-deal offering of 3.77-million REIT units at a price of US$9.95 per REIT unit for US$37.5 million.

Concurrently with the offering, the REIT has entered into a contribution agreement with certain individuals who have subscribed for approximately 3.78-million units at price of US$9.95 per unit for gross proceeds of US$37.6 million. The offering and the concurrent private placement are expected to result in aggregate gross proceeds of approximately US$75.1 million, prior to any exercise of the over-allotment option.

Closing of the offering and the concurrent private placement are expected to occur on or about March 23.

Go Residential Units closed up US$0.13 at US$9.97 on the Toronto Stock Exchange.