Crestpoint Real Estate Investments Affiliate to Acquire Minto Apartment Real Estate Investment Trust

Morgan Properties Acquires Dream Residential REIT for $354M

November 19, 2025

Real Estate

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.

Cresset Partners With Monticello Associates (Investment Advisory Combination)

August 22, 2025

Financial Services

Cresset, a multi-family office, announced a strategic partnership with Monticello Associates to expand Cresset’s institutional investment advisory capabilities. The Monticello Associates team will join Cresset, and the combined entity is expected to manage nearly $200 billion in assets, with the transaction expected to close later in 2025.

Independence Realty Trust Merger with Steadfast Apartment REIT

December 15, 2021

Real Estate

Independence Realty Trust, Inc. (IRT) and Steadfast Apartment REIT, Inc. (STAR) completed their strategic merger, combining into a single public multifamily REIT. The merged company is headquartered in Philadelphia, Pennsylvania and retains the IRT name and NYSE ticker symbol “IRT.”

Blackstone Real Estate Income Trust Acquires Preferred Apartment Communities

March 21, 2022

Real Estate

Preferred Apartment Communities, Inc. (PAC) announced that proxy advisory firms Glass Lewis and ISS have recommended stockholders vote “FOR” the previously announced all-cash acquisition by Blackstone Real Estate Income Trust, Inc. (BREIT). Under the definitive merger agreement, BREIT will acquire PAC for $25.00 per share, and the deal is expected to close in the second quarter of 2022 subject to customary conditions and stockholder approval.

Cresset Acquires CH Investment Partners

October 19, 2024

Wealth Management

Cresset Asset Management has acquired CH Investment Partners, a $6.2 billion multi-family office serving ultra-high-net-worth families. The deal brings CH’s team and client relationships into Cresset’s platform and expands the combined firm’s assets under management to more than $62 billion.

ApartmentLove Acquires GottaRent.com from Metroland Media Group

December 16, 2022

Real Estate

ApartmentLove Inc. completed an all-cash acquisition of GottaRent.com and four related domains from Metroland Media Group Ltd. for C$940,000, a purchase price equal to approximately 4x EBITDA. The deal adds established Canadian SEO rankings, an active customer list and recurring revenue to ApartmentLove’s portfolio; the balance of the purchase price plus ~C$54,000 working capital was funded from the company’s debenture financing.