Dream Residential REIT Announces Court Approval of Acquisition by Morgan Properties

Executive Summary

• The Ontario Superior Court approved the proposed acquisition of Dream Residential REIT by an affiliate of Morgan Properties under a plan of arrangement.
• Unitholders will receive cash consideration of US $10.80 per Trust Unit and per Class B unit of DRR Holdings LLC.
• The transaction is expected to close in late 2025, subject only to the timing condition that it not close before Morgan Properties obtains agency financing or December 19 2025 (whichever occurs first).

Key Details

• Court Order: Final order issued by the Ontario Superior Court of Justice (Commercial List) approving the acquisition.
• Acquirer: Affiliate of Morgan Properties, LP – a large multifamily real‑estate owner and investor.
• Consideration: Cash payment of US $10.80 per unit for both Dream Residential REIT Trust Units and Class B units of DRR Holdings LLC.
• Closing Timeline: Anticipated late 2025; cannot close earlier than the date Morgan Properties secures agency financing or December 19, 2025, whichever is first. The transaction carries no financing condition.
• Unitholder Process: Questions and assistance with unit submissions to be directed to Computershare Investor Services (phone: 1‑800‑564‑6253; fax: 416‑263‑9394; email: [email protected]).
• Impact on Unitholders: Cash distribution provides immediate liquidity; the arrangement will result in Dream Residential REIT being taken private and integrated into Morgan Properties’ portfolio.
• Regulatory Filings: Details of the transaction are outlined in the management information circular dated September 17, 2025, filed with securities regulators.

Notable Quotes

(No direct quotes were provided in the release.)