Dream Residential REIT Announces Closing of Acquisition by Morgan Properties

TORONTO--(BUSINESS WIRE)--DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U, TSX: DRR.UN) ("Dream Residential REIT†or the "REIT†) announced today the closing of the 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†). On closing of the Transaction, unitholders of the REIT and Class B unitholders of DRR Holdings LLC (collectively, the "Unitholders†) received cash con. ...