GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST COMPLETES US$410 MILLION INITIAL PUBLIC OFFERING

About this update from Go Residential Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\n GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST COMPLETES US$410 MILLION INITIAL PUBLIC OFFERING\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n July 31, 2025\n \n\n /CNW/ - GO Residential Real Estate Investment Trust (the \"\n \n REIT\n \n \") (TSX: GO.U) announced today that it has completed its initial public offering (the \"\n \n Offering\n \n \") of 27,340,000 trust units (the \"\n \n Units\n \n \") at a price of\n \n US$15.00\n \n per Unit (the \"\n \n Offering Price\n \n \"). The Offering raised gross proceeds of\n \n US$410,100,000\n \n . The Units are listed on the Toronto Stock Exchange under the symbol \"GO.U\".\n \n\n\n\n\n\n\n\n\n The REIT is a newly created, internally managed, open ended real estate investment trust established under, and governed by, the laws of the Province of\n \n Ontario\n \n . The REIT has been formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties (\"\n \n LHRs\n \n \") located in the\n \n New York\n \n metropolitan area and other major metropolitan cities in\n \n the United States\n \n . The REIT will initially own and operate a portfolio of five LHRs consisting of 2,015 luxury suites located in the borough of\n \n Manhattan, New York\n \n (the \"\n \n Initial Portfolio\n \n \").\n \n\n The Offering was underwritten by a syndicate of underwriters led by CIBC Capital Markets and BMO Capital Markets as joint active bookrunners, and including BofA Securities, acting as passive bookrunner, RBC Capital Markets, National Bank Financial, Scotiabank, Desjardins Capital Markets, Canaccord Genuity Corp., and BTIG, LLC (collectively, the \"\n \n Underwriters\n \n \"). The REIT has granted to the Underwriters an over-allotment option (the \"\n \n Over-Allotment Option\n \n \"), exercisable in whole or in part at any time for a period of 30 days following the closing of the Offering, to purchase...

More updates from Go Residential Real Estate Investment Trust