Morgan to Acquire Dream Residential for US$354M

Morgan Properties has agreed to acquire Dream Residential Real Estate Investment Trust in an all-cash transaction valued at approximately US$354 million. The deal includes a 60% premium to Dream Residential's closing unit price before the announcement of a strategic review. The acquisition is expected to close in late 2025, pending approvals. The transaction also involves a termination of existing agreements with Dream Unlimited Corp. and Pauls Corp. with a separation payment of US$7 million.