Dream Residential REIT Acquired By US-Based Morgan Properties In $354M Deal

Dream Residential REIT announced that it has agreed to be acquired by Morgan Properties, a company based in Philadelphia, for approximately $354 million USD in an all-cash transaction. This acquisition marks the end of Dream Residential's strategic review that began earlier this year. The transaction is contingent on certain approvals and is expected to close in late 2025. Dream Residential's portfolio consists of multi-family properties across the U.S., and Morgan Properties plans to enhance these assets.