TORONTO, Ontario — February 11, 2026 — Leads & Copy — GO Residential Real Estate Investment Trust (TSX: GO.U) (the “REIT”) announced today that its operating subsidiary, GO Residential Operating LLC (“OpCo”), has agreed to issue C$325 million in senior unsecured debentures maturing February 13, 2029 (the “Debentures”) via private placement.
The Debentures will be sold at par and offered via private placement in each of the provinces and territories of Canada by a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets and Desjardins Securities.
Joshua Gotlib, Chief Executive Officer and Chief Investment Officer of the REIT, stated that the pricing of OpCo’s inaugural unsecured debenture offering marks a pivotal moment for the REIT. He added that it garnered broad interest from top-tier institutional investors nationwide, and that the achievement serves as another example of their prudent and proactive approach to the balance sheet, which includes diversification of their funding sources. He concluded by stating that the proceeds from the offering will strengthen their ability to execute on their growth initiatives and deliver significant value to unitholders.
Meyer Orbach, Chairman of the REIT, added that the success of the offering, following receipt of an investment grade rating from Morningstar DBRS, is a validation by the market of the quality of their assets, the resiliency of their business model and the expertise of their management team. He stated that closing their inaugural unsecured bond offering represents the latest step in their commitment to become a preeminent owner and operator of luxury high-rise multifamily properties.
The Debentures will bear interest at a fixed annual rate of 4.534% per annum, payable in equal semi-annual installments in arrears on February 13 and August 13 in each year, commencing on August 13, 2026 until maturity, unless redeemed at an earlier date. The Debentures will be direct senior unsecured obligations of OpCo and will rank equally and rateably with all other unsecured and unsubordinated indebtedness of OpCo, except to the extent prescribed by law.
In connection with the Offering, OpCo entered into a forward cross-currency interest rate swap whereby both the interest rate and principal of the Debentures are fully hedged. This results in gross proceeds of approximately US$240 million with the same principal maturity and a US$ equivalent swapped fixed annual interest rate of 5.552%.
It is a condition of closing of the Offering that the Debentures be rated at least BBB (low) with a Stable trend by Morningstar DBRS. OpCo intends to use the net proceeds from the Offering to repay existing indebtedness under OpCo’s credit facility and for general corporate purposes (including possible acquisitions and/or other investments). The closing of the Offering is expected to take place on or about February 13, 2026.
The REIT has been formed to provide investors with an opportunity to invest in luxury high-rise multifamily properties located in the New York metropolitan area and other major metropolitan cities in the United States. The REIT currently owns and operates a portfolio of five LHRs consisting of 2,015 luxury suites located in the borough of Manhattan, New York.
Source: GO Residential Real Estate Investment Trust
