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SALE AT 265 EAST 66TH STREET CONFIRMS VALUE OF GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST PORTFOLIO
GO Residential Real Estate Investment Trust ("GO REIT") today issued the following statement in response to the announcement from GO Partners LLC ("GO Partners"), a company indirectly owned and controlled by the Chair of the Board of Trustees and the CEO of GO REIT, that GO Partners and certain other investors have sold (the "Sale") a significant stake in the building located at 265 East 66th Street, New York, New York 10065 ("265 East 66th Street"), a property managed by a subsidiary of GO REIT
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[{"type":"text","content":"TORONTO, Jan. 12, 2026 /CNW/ - GO Residential Real Estate Investment Trust ("GO REIT") today issued the following statement in response to the announcement from GO Partners LLC ("GO Partners"), a company indirectly owned and controlled by the Chair of the Board of Trustees and the CEO of GO REIT, that GO Partners and certain other investors have sold (the "Sale") a significant stake in the building located at 265 East 66th Street, New York, New York 10065 ("265 East 66th Street"), a property managed by a subsidiary of GO REIT, to a third party buyer.","length":596,"tagName":"p"},{"type":"text","content":"GO REIT is pleased to confirm that it will continue to manage 265 East 66th Street following the Sale, which valued the 1980's vintage luxury high-rise multifamily property ("LHR") at approximately $1.35 million per door. This transaction is a testament to the demand for LHRs located in Manhattan and an appropriate provides a benchmark for the significant value embedded in the GO REIT portfolio. As of September 30, 2025, the 2,015 luxury suites in GO REIT's portfolio, which are in newer vintage LHRs located in the same or similar sub-markets to 265 East 66th Street, were appraised at more than $2.7 billion.","length":632,"tagName":"p"},{"type":"text","content":""This transaction is indicative of the institutional demand for LHR assets located in the borough of Manhattan and the longer-term outlook of this market," said Meyer Orbach, Chair of the Board of Trustees of GO REIT. "Despite this clear signal from the market, GO REIT continues to trade at a significant discount to its intrinsic value."","length":359,"tagName":"p"},{"type":"text","content":""We are excited to continue managing 265 East 66th Street on behalf of its new and existing owners and remain focused on unlocking value for our unitholders," said Joshua Gotlib, CEO of GO REIT. "As the only public REIT offering pure-play exposure to New York City's luxury multifamily market, we remain uniquely positioned to benefit from this market's continued strength."","length":402,"tagName":"p"},{"type":"text","content":"About GO Residential Real Estate Investment Trust","length":49,"tagName":"p"},{"type":"text","content":"GO Residential Real Estate Investment Trust is a newl...
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