H&R REAL ESTATE INVESTMENT TRUST  H&R FINANCE TRUST  Notes to Combined Financial Statements   (In thousands of dollars, except unit and per unit amounts)  Years ended December 31, 2010 and 2009  27. Subsequent events:  (a) In January 2011, the REIT has entered into an agreement to purchase 595 Bay Street, 20 & 40 Dundas Street West and  306 York Street, which are collectively known as the “Atrium on Bay” in Toronto, Ontario for gross proceeds of  $344,800. The REIT will assume a 7-year non-recourse mortgage of $190,000. The acquisition is conditional upon the  vendor meeting certain conditions. It is anticipated that the acquisition will close by April 2011 upon satisfaction of such  conditions.  (b) In January 2011, the REIT completed the acquisition of the remaining 20% beneficial interest, not already owned by the  REIT, of a property under development for an aggregate cash purchase price of approximately $11,000. The REIT now  owns 100% of approximately 81 acres of land located in Brampton, Ontario (known as Airport Road).  (c) In January 2011, the REIT completed a public offering of $180,000 of 4.778% Series D senior debentures due July 27,  2016.  (d) In February 2011, the REIT purchased a 42,000 square foot retail property in Teaneck, New Jersey for a purchase price  of U.S. $10,300. A mortgage payable of U.S. $6,400 was assumed on closing.  (e) In February 2011, the REIT purchased a 116,000 square foot retail property in Columbus, Ohio for a purchase price of  U.S. $21,700.  41 