Board of Trustees Unanimously Recommends Approval of Trust Unit Issuance to Complete Acquisition of 27-Property Portfolio

   -- Management information circular and related voting materials have been 
      filed on SEDAR+ in connection with proposed acquisition of 27 properties 
      from H&R Real Estate Investment Trust announced August 11, 2026 (the 
      "Transaction") 
 
   -- Transaction will see GO Residential REIT indirectly acquire 10,295 
      residential suites across 27 properties in eight U.S. markets 
 
   -- Transaction expected to be accretive to FFO Adjusted per Unit and AFFO 
      Adjusted per Unit following closing, supported by approximately US$15 
      million of expected annualized synergies and US$51 million of additional 
      consideration over the first two years following closing, providing 
      greater certainty around cash flows during the initial ownership period, 
      and a bridge to the portfolio's expected stabilized earnings power 
 
   -- Board of trustees unanimously recommends unitholders vote FOR the 
      resolution to approve the issuance of approximately 134.2 million GO 
      Residential REIT trust units 
 
   -- VOTING DEADLINE: Unitholders must submit voting instructions by 11:00 am 
      (Toronto time) on November 11, 2026 

TORONTO and NEW YORK, Oct. 8, 2026 /CNW/ -- GO Residential Real Estate Investment Trust ("GO Residential REIT" or "GO") (TSX: GO.U) today announced the filing of its management information circular (the "Circular") and related voting materials in connection with its previously announced proposed indirect acquisition of a 27-property portfolio from H&R Real Estate Investment Trust ("H&R REIT"). The Circular has been filed in connection with a special meeting of GO unitholders, scheduled for November 13, 2026 (the "Special Meeting"), at which unitholders will be asked to approve the issuance of approximately 134.2 million trust units of GO as partial consideration for the Transaction. A copy of the Circular is available at www.sedarplus.ca under GO's profile and at GO's website at investors.goresidentialreit.com/transaction.

Upon closing, GO will own 13,026 residential suites across 35 residential properties in eight U.S. markets. GO is expected to be the second-largest publicly-traded residential real estate investment trust in Canada and the seventh-largest publicly-traded residential real estate investment trust in the United States, in each case by enterprise value as of June 30, 2026. A Property Book providing a comprehensive property-by-property description of the complete portfolio that will comprise the pro forma GO following closing was also filed by GO under its profile on SEDAR+ last week and is available on GO's website.

In connection with the filing of the Circular, GO has issued a letter to unitholders outlining the strategic merits of the Transaction, and why GO's board of trustees unanimously recommends unitholders vote FOR the resolution to approve the issuance of approximately 134.2 million trust units of GO to enable the Transaction to be completed. This letter is included below.

How to vote

Unitholder votes must be received by 11:00 am (Toronto time) on the proxy deadline date of November 11, 2026. There are different ways to vote depending on whether you are a registered unitholder or a beneficial unitholder. Unitholders who hold their trust units through a broker or intermediary are urged to contact their brokers or intermediaries immediately to ensure their instructions are recorded prior to the deadlines set by such brokers or intermediaries, which will be in advance of the proxy deadline date. Full details are included in the Circular.

For assistance with voting, unitholders may also contact Laurel Hill Advisory Group by calling 1-877-452-7184 (toll-free in Canada and the United States) or 1-416-304-0211 (International), by texting "INFO" to either number, or by email at assistance@laurelhill.com.

LETTER TO GO UNITHOLDERS

Dear GO Unitholders:

On August 11, 2026, we announced an agreement to indirectly acquire a portfolio of 27 properties from H&R REIT. As founders and two of the largest individual trust unitholders of GO Residential REIT, we were thrilled to reach this agreement and are tremendously excited about the opportunity this represents for GO Residential REIT and our fellow unitholders. This Transaction is expected to fundamentally transform GO Residential REIT by providing a strengthened platform for value creation.

We are asking you to vote to approve the issuance of approximately 134.2 million trust units of GO Residential REIT to complete the Transaction, and we want to explain, directly and plainly, why we believe you should.

When we founded GO Residential REIT, we had a clear ambition: to build a premier luxury residential real estate investment trust. We began with five exceptional buildings in one of the strongest residential rental markets in North America. In our first twelve months as a public entity, we expanded operating margins, and we grew our initial portfolio from five properties in Manhattan to eight properties across New York City, with acquisitions of an additional two properties pending completion.

In conversation after conversation with our unitholders, the message has been consistent: GO Residential REIT is an exceptional platform constrained by its size, perceptions of concentration risk, limited trading liquidity and leverage. These are legitimate observations that have shaped our thinking about how to build on the foundation we have created with our unitholders' support. The Transaction answers many of the identified issues and establishes our path forward for creating value for unitholders into the future.

What this Transaction does:

The Transaction will see GO Residential REIT indirectly acquire 27 properties from H&R REIT, comprising:

   -- 23 Sunbelt residential communities managed under the Lantower brand, 
 
   -- an approximate 50% interest in Jackson Park (a luxury high-rise in Long 
      Island City), 
 
   -- a 50% interest in River Landing in Miami, 
 
   -- a Class A office tower at Two Gotham Center in New York City, and 
 
   -- a mixed-use commercial and office asset in Dallas. 

Upon completion of the Transaction, GO Residential REIT will own 13,026 residential suites across 35 properties in eight U.S. markets. We will be the second-largest publicly-traded residential real estate investment trust in Canada and the seventh-largest publicly-traded residential real estate investment trust in the United States, in each case, by enterprise value as of June 30, 2026. We strongly believe that the transition from a small-cap real estate investment trust to a larger-capitalization real estate investment trust will enable GO Residential REIT to capitalize on new opportunities and compete with other major players in the real estate industry.

Why we believe this is the right transaction, at the right time:

   -- High-Quality, Class A Portfolio at an Attractive Basis. The properties to 
      be acquired pursuant to the Transaction will complement GO Residential 
      REIT's existing trophy New York City portfolio with Class A properties 
      acquired at an attractive basis relative to estimated replacement cost 
      and private market values. Upon completion of the Transaction, we expect 
      to continue to have among the highest average monthly rental rates of any 
      publicly-traded residential real estate investment trust in Canada or the 
      United States, supporting sustained income growth and reflecting the 
      quality and desirability of our assets. In addition, GO Residential REIT 
      is expected to own a modern portfolio, averaging just 11 years in age, 
      that is among the newest of its Canadian and U.S. public residential real 
      estate investment trust peers. The implied acquisition basis represents 
      an attractive entry point on both a per-unit and a capitalization-rate 
      basis relative to comparable asset transactions and replacement cost, 
      providing GO Residential REIT with meaningful embedded value from day 
      one. 
 
   -- Accretive to FFO Adjusted and AFFO Adjusted Earnings. The Transaction is 
      expected to be accretive to our FFO Adjusted per Unit and AFFO Adjusted 
      per Unit, supported by approximately US$15 million of expected annualized 
      transaction synergies derived from property-level margin enhancement, 
      procurement efficiencies and overhead and operational integration that 
      are expected to be realized within 12 to 18 months following completion 
      of the Transaction. Today, our distribution coverage and resulting AFFO 
      Adjusted payout ratio are strong. Tomorrow, we believe they will be even 
      stronger by virtue of this expected accretion. In addition, unitholders 
      will benefit from approximately US$51 million of additional consideration 
      from CRAL Class B Limited, a company controlled by members of the family 
      of Thomas J. Hofstedter, Executive Chairman and Chief Executive Officer 
      of H&R REIT, during approximately the first two years following the 
      consummation of the Transaction. We expect the additional consideration 
      will provide greater certainty around cash flows during the initial 
      ownership period, and a bridge to the portfolio's expected stabilized 
      earnings power. 
 
   -- Strengthened Balance Sheet and Enhanced Financial Flexibility. Upon 
      completion of the Transaction, our debt-to-EBITDA ratio is expected to 
      decrease by more than two times, with further potential reductions from 
      additional consideration provided pursuant to the Transaction and 
      expected post-closing synergies. The strengthened balance sheet is 
      expected to serve as a foundation for flexibility that can potentially be 
      utilized to realize additional value creation. 
 
   -- Diversification into High-Growth Sunbelt Markets with Continued Focus on