LITTLE ROCK, Ark. and TORONTO, June 16, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of June 2025, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on July 15, 2025 to unitholders of record as at June 30, 2025.
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, June 3, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" and "the REIT") (TSX: HOM.U) (TSX: HOM.UN) has provided a leasing update in advance of its participation in Nareit's REITweek 2025 Investor Conference. BSR has also published an updated investor presentation to its website.
As of May 31, 2025, BSR's Same Community (defined below) weighted average occupancy was 95.7%. Excluding short term leases, during Q2 2025 to-date, Same Community rental rates for new leases and renewals decreased 4.5% and increased 1.7%, respectively, for a blended decrease of 0.9%. Excluding short term leases, for May 2025 Same Community rental rates for new leases and renewals decreased 3.7% and increased 2.1%, respectively, for a blended decrease of 0.3%. This performance is consistent with the REIT's stated view that the unprecedented levels of new supply are being effectively absorbed, which will lead to continued improvement in leasing spreads.
LITTLE ROCK, Ark. and TORONTO, May 15, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of May 2025, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on June 16, 2025 to unitholders of record as at May 31, 2025.
About BSR Real Estate Investment TrustBSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, May 15, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced today that it has purchased two recently constructed communities, Forayna Vintage Park and Botanic Luxury, each located in the Houston, Texas MSA for $141 million.
"We have wasted no time finding two high-quality assets that complement our portfolio, enhance the REIT's growth profile, and allow us to accretively redeploy a portion of the proceeds from our recent sale of nine stabilized properties," stated Dan Oberste, BSR's Chief Executive Officer. "Forayna Vintage Park and Botanic Luxury are both well positioned to benefit from the BSR operating platform and drive growth for our unitholders. By adding these communities, we have quickly executed on a significant portion of the strategy we presented to the market in the first quarter of the year."
LITTLE ROCK, Ark. and TORONTO, May 8, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced today the results of voting at its annual general meeting of unitholders held on May 8, 2025 (the "Meeting").
All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees of the REIT, with the outcome of the vote being as follows:1
Nominee
Votes For
% Votes For
Votes Withheld
% Votes Withheld
William A. Halter
16,790,668
96.634 %
584,919
3.366 %
Bryan H. Held
13,000,279
74.819 %
4,375,308
25.181 %
W. Daniel Hughes, Jr.
17,141,091
98.650 %
234,497
1.350 %
S. Jane Marshall
16,793,790
96.652 %
581,798
3.348 %
Teresa Neto
16,314,369
93.892 %
1,061,220
6.108 %
Daniel M. Oberste
17,347,368
99.838 %
28,221
0.162 %
Graham D. Senst
16,664,568
95.908 %
711,020
4.092 %
LITTLE ROCK, AR and TORONTO, May 7, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR", or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced its financial results for the three months ended March 31, 2025 ("Q1 2025"). All comparisons are to the corresponding periods in the prior year. Results are presented in U.S. dollars. References to "Same Community" correspond to stabilized properties the REIT has owned for equivalent periods throughout Q1 2025 and the three months ended March 31, 2024 ("Q1 2024"), thus removing the impact of acquisitions, dispositions and non-stabilized properties. The Condensed Consolidated Interim Financial Statements and Management's Discussion and Analysis as of and for the three months ended March 31, 2025 are prepared in accordance with the accounting standards issued by the International Accounting Standards Board ("IFRS Accounting Standards" or "GAAP"), and are available on the REIT's website at www.bsrreit.com and at www.sedarplus.ca.
LITTLE ROCK, Ark. and TORONTO, April 30, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced that it has closed the previously announced contribution transaction (the "Contribution Transaction"), pursuant to which BSR Trust, LLC ("BSR Trust"), the operating subsidiary of the REIT, sold six properties comprising 1,844 apartment units located in Dallas, TX to AvalonBay Communities, Inc. ("AVB") (NYSE: AVB) valued at $431,500,000 in the aggregate. Under the Contribution Transaction, BSR Trust received $193,000,000 in cash consideration, a portion of which was used to extinguish all existing mortgage debt on the contributed properties, and the remainder of which is anticipated to be used for transaction expenses and other general corporate purposes. In addition, the previously announced participation offer under the Contribution Transaction was fully subscribed, resulting in the cancellation of 15,000,000 (approximately 75%) of the Class B units of BSR Trust ("Class B Units") on the date hereof. These Class B Units were exchanged for equity ("AVB DownREIT Units") of a newly formed "DownREIT" partnership entity of AVB.
LITTLE ROCK, Ark. and TORONTO, April 15, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of April 2025, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on May 15, 2025 to unitholders of record as at April 30, 2025.
About BSR Real Estate Investment TrustBSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, April 3, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced that it will release its 2025 first quarter financial results after market close on Wednesday May 7th, 2025.
Dan Oberste, Chief Executive Officer, Susie Rosenbaum, Chief Operating Officer and Tom Cirbus, Chief Financial Officer, will host a conference call for analysts and investors on Thursday, May 8th, 2025 at 12:00 pm (ET). To join the conference call without operator assistance, participants can register and enter their phone number at https://emportal.ink/4j7a5XQ to receive an instant automated call back. Alternatively, they can dial 416-945-7677 or 888-699-1199 to reach a live operator who will join them into the call. In addition, the call will be webcast live at: https://app.webinar.net/y8eX90D9rMK.
LITTLE ROCK, Ark. and TORONTO, March 31, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced today that it has completed the sale of three properties located in Austin, TX to AvalonBay Communities, Inc. ("AVB") (NYSE: AVB) for cash proceeds of $187 million (the "Transaction"). The properties included in the Transaction are Cielo I (326 apartment units), Cielo II (228 apartment units), and Retreat at Wolf Ranch (303 apartment units).
The Transaction completes the "Direct Asset Sale Transaction" portion of the previously announced two-part $618.5 million strategic disposition to AvalonBay. In connection with the Transaction, BSR retained $109 million of secured Fannie Mae mortgage indebtedness with an attractive interest rate of approximately 2.7%. Proceeds from the Transaction will be used for repayment of certain indebtedness, transaction expenses and for general corporate purposes, including redeployment into potential higher growth acquisition targets in BSR's core investment markets.
LITTLE ROCK, AR. and TORONTO, March 24, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced today that it has sold Bluff Creek Apartments in Oklahoma City, Oklahoma for gross proceeds of $28.3 million. Bluff Creek was built in 1984 and has 316 apartment units. The gross sales price is equal to the IFRS value of the property as of December 31, 2024 and represents an 8.4% increase over the IFRS value as of September 30, 2024.
"This transaction is consistent with our strategy to prove portfolio value by opportunistically divesting fully optimized assets at or near book value, with the intention of redeploying the capital into higher returning assets," stated Dan Oberste, BSR's Chief Executive Officer. "Following our recently announced $618.5 million strategic disposition to AvalonBay Communities, the sale of Bluff Creek Apartments further improves our balance sheet and liquidity, and better positions us to fully capitalize on the improving acquisitions landscape in our core Texas Triangle markets."
LITTLE ROCK, Ark. and TORONTO, March 17, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of March 2025, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on April 15, 2025 to unitholders of record as at March 31, 2025.
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, March 5, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR", or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced its financial results for the three months and year ended December 31, 2024 ("Q4 2024" and "FY 2024", respectively). All comparisons are to the corresponding periods in the prior year. Results are presented in U.S. dollars. References to "Same Community" correspond to stabilized properties the REIT has owned for equivalent periods throughout Q4 2024 and FY 2024 and the three months and year ended December 31, 2023 ("Q4 2023" and "FY 2023", respectively), thus removing the impact of non-stabilized properties. Audited Annual Consolidated Financial Statements and Management's Discussion and Analysis as of and for the three months and year ended December 31, 2024 are available on the REIT's website at www.bsrreit.com and at www.sedarplus.ca.
LITTLE ROCK, Ark. and TORONTO, Feb. 18, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of February 2025, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on March 17, 2025 to unitholders of record as at February 28, 2025.
About BSR Real Estate Investment TrustBSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, Jan. 21, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced that it will release its 2024 fourth quarter financial results after market close on Wednesday March 5th, 2025.
Dan Oberste, Chief Executive Officer, and Susie Rosenbaum, Interim Chief Financial Officer, will host a conference call for analysts and investors on Thursday, March 6th, 2025 at 12:00 pm (ET). To join the conference call without operator assistance, participants can register and enter their phone number at https://emportal.ink/4hjzOLN to receive an instant automated call back. Alternatively, they can dial 416-945-7677 or 1-888-699-1199 to reach a live operator who will join them into the call. In addition, the call will be webcast live at: https://app.webinar.net/Aevp0zQrqRY.
LITTLE ROCK, Ark. and TORONTO, Jan. 15, 2025 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of January 2025, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on February 17, 2025 to unitholders of record as at January 31, 2025.
About BSR Real Estate Investment TrustBSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, Jan. 9, 2025 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced today that it has acquired The Venue Craig Ranch Apartments ("The Venue") in the fast growing McKinney submarket of the Dallas/Fort Worth ("DFW") metropolitan statistical area ("MSA") for a purchase price of $61 million.
The Venue is a Class "A" multifamily community constructed in 2017 with 277 apartment units made up of one, two, and three-bedroom floorplans. It features attached garages, a large business center, gourmet kitchens featuring stainless steel appliances, spacious dog park, walk-in closets, resort-style swimming pool and modern fitness center and is zoned to the Frisco Independent School District which is ranked in the Top 1% in Texas and Nationwide.
TORONTO, Jan. 3, 2025 /CNW/ - The following issues have been halted by CIRO:
Company: BSR Real Estate Investment Trust
TSX Symbol: HOM.DB.U
All Issues: No
Reason: Pending Delisting
Halt Time (ET): 8:00 AM
CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
LITTLE ROCK, Ark. and TORONTO, Dec. 16, 2024 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of December 2024, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on January 15, 2025 to unitholders of record as at December 31, 2024.
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
LITTLE ROCK, Ark. and TORONTO, Nov. 15, 2024 /CNW/ - BSR Real Estate Investment Trust (the "REIT") (TSX: HOM.U) (TSX: HOM.UN) today announced a cash distribution of US$0.0467 per REIT unit for the month of November 2024, representing US$0.56 per REIT unit on an annualized basis. Payment will be made on December 16, 2024 to unitholders of record as at November 30, 2024.
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary markets in the Sunbelt region of the United States.
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