document

H&R REIT 2021 disclosure of 9050 Washington Boulevard disposition

2021-05 Q1 2021 reporting Published
At a glance

H&R Real Estate Investment Trust's Q1 2021 financial report provides primary transaction details for its Culver City disposition: 9050 W. Washington Boulevard sold January 25, 2021; H&R reports 172,039 square feet, 100% ownership interest sold, and a selling price translated to C$209.6 million. The report separately states the sale was approximately US$165 million, that H&R acquired the property in May 2004 for US$60.3 million, and that approximately US$13 million of associated mortgages were repaid upon closing.

Public company financial filing / investor report Primary seller disclosure
What the record shows

Key facts

Amount
$165 million
Financial context
Primary seller disclosure of January 25, 2021 disposition for approximately US$165 million.
Documented amounts
US$165 million sale price · US$60.3 million prior acquisition cost · approximately US$13 million mortgages repaid at closing
Property
9050 W. Washington Blvd., Culver City, CA
Date Sold
2021-01-25
Square Feet
172039
Ownership Interest Sold
100%
Selling Price Cad Millions
209.6
Selling Price Usd Approx
165000000
Prior Acquisition Date
2004-05
Prior Acquisition Cost Usd
60300000
Mortgages Repaid At Closing Usd Approx
13000000
Evidence

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Context note

This primary filing materially resolves CCR's earlier uncertainty about the Hackman-era acquisition timing. It identifies the seller's disposition date and economics but does not itself name the buyer; Hackman Capital Partners' January 26, 2021 acquisition announcement supplies the buyer-side identification of Hackman and Square Mile Capital Management.