Dream Residential Real Estate Investment Trust
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- Dream Residential Real Estate Investment Trust (DRREF) is a Canadian open-ended real estate investment trust that owns and operates a portfolio of garden-style multi-residential properties comprising 15 communities and approximately 3,300 rental units located in high-growth Sunbelt and Midwest U.S. markets including Texas, Ohio, Kentucky and Oklahoma. Founded on February 24, 2022, and headquartered at 30 Adelaide Street East, Suite 301 in Toronto, Ontario, the REIT focuses on acquiring, owning and managing Class B and C multifamily assets with value-add potential through renovations and operational enhancements; its core offerings include low-rise garden-style apartments featuring amenities such as renovated units, pools and community spaces in markets with strong job growth, household income and rent absorption. The REIT targets middle-market renters with short-term leases providing inflation protection and diversification across a fragmented sector. In November 2025, Dream Residential completed its acquisition by U.S.-based Morgan Properties in an all-cash transaction valued at approximately $354 million USD, privatizing the REIT and transferring its 15-property portfolio to the buyer which plans $58 million in capital improvements including interior renovations, exterior upgrades and amenity enhancements across the vintage 1968-2002 assets; this followed court approval in October 2025 and a strategic review initiated earlier in the year, marking a significant consolidation event amid market pressures on smaller multifamily REITs.
Morgan Properties Closes $354 Million Acquisition of Dream Residential REIT, One of Nation's Largest Multifamily Owners Expands Portfolio with Acquisition Volume of $1.5 Billion and 14,000 Units in 2025
Dream Residential REIT Announces Closing of Acquisition by Morgan Properties
Dream Residential REIT Reports Q3 2025 Financial Results
Dream Residential REIT Announces October 2025 Monthly Distribution
Dream Residential REIT Announces Court Approval of Acquisition by Morgan Properties
Dream Residential REIT Reminds Unitholders to Vote in Advance of Proxy Voting Deadline for Upcoming Special Meeting
Dream Residential REIT Announces Mailing of Management Information Circular for Special Meeting of Unitholders to Approve Acquisition by Morgan Properties
Dream Residential REIT Announces September 2025 Monthly Distribution
Dream Residential REIT Announces Agreement to Be Acquired by Morgan Properties
Dream Residential REIT Announces August 2025 Monthly Distribution
Dream Residential REIT Reports Q2 2025 Financial Results
Dream Residential REIT Announces July 2025 Monthly Distribution
Dream Residential REIT Announces June 2025 Monthly Distribution
Dream Residential REIT Announces Voting Results of Annual Meeting of Unitholders
Dream Residential REIT Announces May 2025 Monthly Distribution
Dream Residential REIT Reports Q1 2025 Financial Results
Dream Residential REIT Q1 2025 Financial Results Release Date, Webcast and Conference Call
Dream Residential REIT Announces April 2025 Monthly Distribution
Dream Residential REIT Announces March 2025 Monthly Distribution
Dream Residential REIT Announces Retention of Financial Advisor