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M&A

DREAM RESIDENTIAL REIT ANNOUNCES UNITHOLDER APPROVAL OF ACQUISITION BY MORGAN PROPERTIES

Lane
M&A
Announced
16 Oct 2025
Province
Ontario
Industry
Real estate
Status
Announced
What the filing says
DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U ) (TSX: DRR.UN ) ("Dream Residential REIT" or the "REIT") announced that, at the special meeting (the "Meeting") of unitholders of the REIT and Class B unitholders of DRR Holdings LLC (collectively, the "Unitholders") held earlier today, Unitholders approved the proposed acquisition of the REIT by an affiliate of Morgan Properties, LP ("Morgan Properties") in an all-cash transaction valued at approximately US$354 million (the "Transaction").
Terms stated
cash consideration, consideration form
Source

The terms are in the subscriber edition

This transaction carries 2 stated terms, with the value, unit and basis of each and the consideration.

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