Morgan Properties Acquires Dream Residential REIT for $354M
November 19, 2025
Morgan Properties completed the all-cash acquisition of Dream Residential Real Estate Investment Trust for approximately US$354 million, privatizing the publicly traded Canadian REIT. The deal adds 15 multifamily communities (about 3,300 units) across Texas, Ohio, Kentucky and Oklahoma; unitholders received US$10.80 per unit and Morgan plans roughly $58 million in reinvestments across the portfolio.
- Buyers
- Morgan Properties
- Targets
- Dream Residential Real Estate Investment Trust
- Sellers
- Unitholders of Dream Residential REIT (including Class B unitholders), DRR Holdings LLC (Class B unitholders)
- Industry
- Real Estate
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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