Morgan Properties Announces Strategic $354 Million Acquisition of Dream Residential REIT
Morgan Properties, a renowned name in the Multifamily Apartment Industry, has reached a new zenith with its recent acquisition of Dream Residential Real Estate Investment Trust (REIT) for $354 million. This acquisition not only showcases the company’s strategic prowess in navigating cross-border real estate transactions but also highlights its capacity for executing complex deals, such as the privatization of a publicly-traded Canadian REIT. Morgan Properties has thus added 15 communities, encompassing 3,300 units across influential MSAs in Texas, Ohio, Kentucky, and Oklahoma to its already expansive portfolio.
Co-Presidents Jonathan and Jason Morgan articulate the company’s distinction in the market, “In pursuing the Dream transaction, Morgan Properties leveraged off of our strong balance sheet and our expertise in executing complex, structured transactions to accommodate the specific needs and timeframe of Dream Residential REIT’s Unitholders and Board of Trustees.” They further emphasize, “Morgan Properties has a proven track record in closing these complicated transactions given our unique ability to provide sellers with execution certainty.”
This is not merely an acquisition for Morgan Properties; it is part of a broader, more profound narrative of growth and value creation. The company’s rigorous investment strategy is adeptly described as one seeking “institutionally sized workforce housing investment opportunities with significant barriers to entry,” which stands out in a competitive landscape where others may face capital constraints.
The significance of this transaction is two-fold. On one hand, it represents the momentum Morgan Properties has created in 2025, a year where they acquired $1.5 billion worth of assets, including over 14,000 units, and surpassed the 110,000-unit threshold during their 40th anniversary. On the other hand, it is indicative of a long-term commitment to enhancing the living experiences for residents and generating value for investors as articulated by the Co-Presidents, “We are excited to build off our momentum and continue to strategically grow our portfolio.”
The $58 million earmarked for the enhancement of the acquired properties underlines a pattern of thoughtful re-investment into communities. With a track record of acquiring over 80 properties and integrating 250 site-team members into its operations this year alone, Morgan Properties stands as a testament to the power of strategic growth and the importance of operational excellence in the Multifamily Industry. The planned $200 million in capital improvements on recent acquisitions only solidifies their reputation as a titan in their field, committed to elevating standards and redefining the future of Multifamily living.