Morgan Properties has acquired Dream Residential Real Estate Investment Trust (REIT) for $354 million. The cross-border transaction resulted in the privatization of a publicly-traded Canadian REIT, while adding 15 communities totaling 3,300 units across key MSAs in Texas, Ohio, Kentucky and Oklahoma.
Under the leadership of co-presidents, Jonathan and Jason Morgan, Morgan Properties is one of few organizations equipped to take a public company private, according to the release.
“In pursuing the Dream transaction, Morgan Properties leveraged off of our strong balance sheet and our expertise in executing complex, structured transactions to accommodate the specific needs and timeframe of Dream Res
