A view of office towers from Toronto's CN Tower in 2024. H&R REIT is one of the few Canadian REITs with holdings in residential, industrial, retail and office properties.

H&R Real Estate Investment Trust HR-UN-T has concluded a strategic review without finding a buyer for one of the country’s largest property owners, prompting a plunge in the price of its units and a pledge from the company to sell $2.6-billion of assets.

H&R units fell 11 per cent by early afternoon Friday after the company announced late Thursday it had ended a nine-month sales process that attracted multiple bidders for specific properties but failed to find a suitor for the entire REIT, which owns $9.6-billion of properties.

H&R launched the review in February after receiving an unsolicited offer from a potential

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