# H&R REIT Shareholders Move to Block $4.8B Breakup Deal

Canonical page: https://sequoia-research.com/news/h-r-reit-shareholders-move-to-block-4-8b-breakup-deal-eba3f63b

Author: Sequoia Research
Published: 2026-10-16T22:42:52.146Z
Updated: 2026-10-16T23:17:48.756Z
Original source: [Yahoo Finance](https://finance.yahoo.com/real-estate/articles/h-r-reit-shareholders-move-162421327.html)
Source published: 2026-10-14T16:24:21.000Z
Type: News
Topics: REITs

CRE Daily, in coverage republished by Yahoo Finance, reported opposition to H&R REIT's proposed $4.8 billion breakup from RBC Global Asset Management and Mill Pond Capital. Together, the investors hold about 11.5 million units. A special meeting was scheduled for November 13.

The report describes a plan to distribute the portfolio among five buyers. Mill Pond alleged that the structure favored chief executive Tom Hofstedter; that is an investor allegation, not an established finding. RBC's reported opposition did not include an explanation. The disagreement introduces uncertainty about approval and could prompt further negotiations.

[Read the original](https://finance.yahoo.com/real-estate/articles/h-r-reit-shareholders-move-162421327.html)

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This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

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