Blackstone is reportedly in talks to acquire H&R Real Estate, according to a report from Bloomberg News.
The talks follow failed takeover negotiations last year that involved H&R, Blackstone, TPG and Crestpoint Real Estate Investments, according to the report.
H&R manages $5.8 billion in assets as of March 31. The company has spent several years shifting its portfolio away from office and retail holdings while increasing its exposure to apartment and industrial assets in North America.