H&R REIT: Offers Received, Special Committee Appointed, Advisors Engaged

I estimate a transaction value of $16.54 per unit

There is no single strategic buyer for H&R’s diverse property portfolio, however the high quality of the core Residential and Industrial assets will attract multiple budders willing to pay full value. Resolution of the transition Office assets will be the most complex part of any deal and will come at a discounted value.