H&R Real Estate Investment Trust announced an offering of $250 million principal amount of Series O Senior Unsecured Debentures. The Series O Debentures are being offered on an agency basis by a syndicate of agents co-led by BMO Capital Markets, Scotiabank, CIBC Capital Markets, National Bank Financial Inc. and TD Securities. These debentures will carry a coupon rate of 3.416% and will mature on January 23, 2023. The Offering is expected to close on or about January 23, 2018. It is a condition of closing that a final rating by DBRS of BBB (high) be obtained. H&R intends to use the net proceeds of the Offering for the repayment of outstanding indebtedness and for general trust purposes. The Offering of the Series O Debentures is being made under H&R REIT's existing short form base shelf prospectus dated May 3, 2017. The terms of the Offering of the Series O Debentures will be described in a prospectus supplement to be filed with Canadian securities regulators.