GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST RECEIVES INVESTMENT GRADE CREDIT RATING FROM MORNINGSTAR DBRS

Executive Summary

• GO Residential Real Estate Investment Trust’s operating subsidiary, Go Residential Operating LLC, received an investment‑grade issuer rating of BBB (low) with a Stable trend from Morningstar DBRS.
• The rating highlights the REIT’s superior asset quality, prime New York City location, strong tenant base, and experienced management team.
• Management expects the rating to improve access to capital markets, lower debt financing costs, and enhance financial flexibility for unitholders.

Key Details

• Rating Assigned: BBB (low) with Stable trend by Morningstar DBRS to Go Residential Operating LLC (“OpCo”).
• Rationale Provided by DBRS: Superior asset quality, market position in the heart of New York City, strong tenant base, and extensive management experience.
• Management Comment: CEO Joshua Gotlib stated the rating is a “significant milestone” that will enhance financial flexibility and deliver value to unitholders.
• Expected Benefits: Greater access to capital markets, support for competitive debt financing costs, reinforcement of a strong, stable, and flexible balance sheet.
• Ratings Advisor: CIBC Capital Markets acted as the ratings advisor to OpCo during the rating process.
• Portfolio Overview (context): The REIT owns five luxury high‑rise multifamily properties in Manhattan totaling 2,015 suites.

Notable Quotes

“Receiving an investment grade rating from Morningstar DBRS is a significant milestone for the REIT and a testament to the quality of our assets, the resilience of our business model, and the expertise of our management team.” – Joshua Gotlib, CEO