The Globe and Mail reports in its Wednesday, Aug. 19, edition that for the native New Yorkers intent on building the leading luxury apartment owner in the Big Apple, the road to expansion runs through Toronto. The Globe's Andrew Willis writes that GO Residential REIT founders Joshua Gotlib, GO's chief executive officer, and chair Meyer Orbach are doing the rounds with investors this week trying to sell what is proving to be an unpopular $3.4-billion takeover bid for H & R REIT. GO, which has assembled a portfolio of high-end Manhattan apartments with more than 3,000 units since being launched four years ago, will vault into the ranks of North America's largest residential REITs if investors accept its units-and-cash offer for H & R. Toronto-based H & R owns a portfolio of properties across Canada and the United States, including the marquee Jackson Point high-rise in the borough of Queens plus 26 other properties, mainly in Florida and Texas. The prices of both GO and H & R units fell after the complex transaction was announced on Aug. 11, as investors attempt to understand GO's national growth strategy and H &R founder and CEO Tom Hofstedter's role in the transaction.