Dream Residence Reit announces in court approval to be acquired by Morgan Properties
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This press release contains forward-looking information that is based on assumptions and is subject to risks and uncertainties as indicated in the military decision contained in this press release.
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Toronto – Dream Residence Real Estate Investment Trust (TSX: DRR.U, TSX: Drr.un) (“Dream Residence Real Estate Investment Trust” or “Reit”) announced today that the Ontario Superior Barch of Justice (Commercial List) has issued a final order approving Repoiliate’s proposed acquisition of Morgan Properties, LP (“Morgan Properties”) pursuant to a plan of arrangement under Business Positions Act (Ontario) (“the transaction”). At the closing of the transaction, the producers of the reit and the class b issuers of DRR Holdings LLC (“Crust Unit B) and ” CREAST Units “), as described in more detail, as described in more detail in the Revoit Information Partner 17, 2025.
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The transaction is expected to close in late 2025 following the satisfaction of all closing conditions, provided that the transaction will not close before the date of Morgan 19, 2025, regardless of who is involved. The transaction is independent of financial status.
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Top news
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Registrants who have questions or need help transferring their units in connection with transactions with ComputerShare Investor Services Incomer Inc., By telephone at 1-800-564-6253 (Toll-free in North America) or (514) 982-7555 (outside North America), or by Facsimile at (416) 263-9394 or 1-838-453-0330, or by E-mail at Corporateactions@computershare.com.
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About Dream Residence Reit
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Dream Reservation Reit is a trusted, finished real estate investment trust incorporated and governed by the laws of the province of Ontario. The REIT owns a portfolio of multi-style garden properties, located primarily in three regional markets across the United States. For more information, please visit wdreamresidentientientiedeit.ca.
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About Morgan Properties
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Founded in 1985 by Mitchell Morgan, Morgan Properties is a real estate investment and brokerage firm based in Conshooken, Pennsylvania, with corporate offices in Rochester, New York. Jonathan and Jason Morgan represent the next generation of leaders investing in the platform and overseeing business operations. Morgan Properties and its affiliates pursue a diversified investment strategy that focuses on general equity, commercial real estate, commercial real estate, preferred, and general loans. Morgan Properties and its affiliates own and manage a multifamily portfolio that includes more than 100,000 units in more than 360 communities. Morgan Properties is one of the largest land owners in the country. Additionally, Morgan Properties has made investments in B-Piece loan-backed asset protections backed by more than US$40 billion in multifamily loans. With more than 2,500 employees, Morgan Properties prides itself on its decision-making skills, strong relationships, and proven operational expertise. For more information, please visit: www.morgan-propeties.com.
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Forward-looking information
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This press release contains forward-looking information within the meaning of applicable scar safety regulations. Forward-looking information includes, but is not limited to, information and statements regarding the transaction and its terms and the expected closing of the transaction involving its timing. There can be no assurance that the proposed transaction will be completed or that it will be completed on the terms and conditions set forth in this press release.
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The proposed transaction may be changed, modified or terminated according to its terms. Forward-looking information can often be identified by the use of forward-looking words such as “will”, “expect”, “believe” or “Continue”, or similar expressions suggest future results or events. Forward-looking statements are based on information available at the time they are made, fundamental estimates and assumptions made by management and management.
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A good faith belief regarding future events, performance and results. Such considerations include, without limitation, expectations and assumptions regarding the market price of the trust units, and the expected transaction benefits of those selling them. Although Dream Resoint Relit Reit believes that the expectations and assumptions contained in the forward-looking statement and the information required should be placed in the forward-looking statements as well because Dream Reserdan Reit cannot be sure that they will be correct. By their nature, forward-looking information is subject to assumptions, risks and uncertainties, many of which exceed management’s expectations and could cause actual results to differ materially from those expressed or implied by the forward-looking information. These considerations include, but are not limited to, the transaction will be completed on the terms currently considered; the transaction will be completed within the time frame currently expected; And all conditions to the completion of the transaction will be satisfied or diased and the arrangement agreement relating to the work will not be terminated before the completion of the transaction. These risks and uncertainties include, but are not limited to, risks to the real estate industry; Financial risk; inflation, interest rates and currency fluctuations; global economic and domestic business conditions; risks associated with unexpected or ongoing geopolitical events; The imposition of duties, tariffs and other trade restrictions; changes in the law; tax risk; competition; environmental and environmental change risks; insurance risk; cybersecurity concerns; and public health problems and epidemics. All forward-looking information in this press release speaks as of the date of the press release. Dream Reward Resertorial Relats More details about these considerations, risks and uncertainties are contained in the Dream Reward Resertorial Relats review, including its latest annual data and analysis. These walls are available on the Reit website at
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View the source version at Businesswire.com:
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https://www.businesswire.com/news/home/20251021650723/en/
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Brian Pauls
Chief Executive Officer
(416) 365-2365
bpauls@dream.caDerrick Lau
Chief Financial Officer
(416) 365-2364
dlau@dream.caScott Schoeman
Acting Executive Officer
(303) 519-3020
sschoeman@dream.ca#distro
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