Mr. Max Kaufman reports

GO RESIDENTIAL REIT ANNOUNCES COMMENCEMENT OF PROCEEDINGS AGAINST H&R REAL ESTATE INVESTMENT TRUST

GO Residential Real Estate Investment Trust has filed a statement of claim in the Ontario Superior Court of Justice against H & R Real Estate Investment Trust and others, seeking a termination fee of $102,131,000 and other relief arising from alleged breaches of the arrangement agreement announced on Aug. 11, 2026 (as amended).

The arrangement agreement provided for GO Residential REIT's indirect acquisition of a portfolio of 27 properties from H & R REIT. As previously announced, the arrangement agreement was terminated due to, among other reasons, the failure to obtain the required approval of H & R REIT's securityholders.

In its statement of claim, GO Residential REIT alleges that H & R REIT failed to comply with its contractual obligations and duty of good faith and honest performance under the arrangement agreement, including by failing to maintain its support for the transaction and undermining its board's prior unanimous, unqualified recommendation in favour of the transaction. GO Residential REIT claims entitlement to the termination fee payable under the arrangement agreement. The allegations have not been proved in court.

GO Residential REIT issued the following statement

"The decision of H & R REIT's securityholders does not diminish the contractual commitments made by H & R REIT under the arrangement agreement.

"Throughout this process, we acted in good faith and worked diligently to fulfill our obligations. We have commenced these proceedings to seek damages arising from H & R REIT's alleged failure to honour its contractual commitments.

"We are confident in our position and believe the court is the appropriate forum to resolve these matters. Our focus remains on protecting the interests of our unitholders and the long-term success of our business."

GO Residential REIT remains committed to its strategy of investing in luxury high-rise multifamily properties in New York and other major metropolitan areas in the United States.

About GO Residential Real Estate Investment Trust

GO Residential REIT is an internally managed, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. GO Residential 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. GO Residential REIT currently owns and operates a portfolio of eight LHRs consisting of 2,731 luxury suites located in New York, N.Y.

We seek Safe Harbor.