Dream Residential REIT to be acquired by Morgan Properties for C$491 million

Goodmans LLP is acting for the Special Committee of Dream Residential REIT in connection with its agreement to be acquired by Morgan Properties in an all-cash transaction for approximately C$491 million.

The transaction is part of a strategic review by the Dream Residential board, and supports the underlying value of the Dream’s real estate while provides its unitholders with liquidity and value certainty. The transaction remains subject to customary closing conditions and is expected to close prior to the end of the year.

Dream Residential REIT is a Canadian real estate investment trust with a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States.

Morgan Properties is the largest private multifamily owner and one of the top apartment owners in the United States.

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Dream Residential REIT to be acquired by Morgan Properties for C$491 million

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