Blackstone is reportedly looking to buy H&R REIT and its diversified portfolio of more than 20M SF of North American real estate. 
The takeover talks began last year and included TPG and Crestpoint Real Estate Investments, but the pair has since walked away, leaving Blackstone at the negotiating table, anonymous sources told Bloomberg. There’s no guarantee that a deal will be reached and no whisper price, but H&R shares jumped 9% on the Toronto Stock Exchange on the news.