Morgan Properties has officially completed its landmark acquisition of Dream Residential Real Estate Investment Trust for $354 million, the company announced in a press release.
The cross-border transaction privatizes the Canadian REIT and adds 15 communities totaling 3,300 units across Texas, Ohio, Kentucky, and Oklahoma.
The deal reflects the aggressive, high-capacity acquisition strategy long championed by Co-Presidents Jonathan and Jason Morgan, who noted that completing such a transaction required both a strong balance sheet and the ability to execute highly structured deals. They said Morgan Properties’ experience in navigating complex public-to-private conversions gave the seller “execution certainty” in a difficult investment climate.
This acquisition caps a standout year for the Conshohocken firm. In 2025 alone, Morgan Properties has purchased $1.5 billion in multifamily assets representing more than 14,000 units, pushing its total portfolio beyond 110,000 units during the company’s 40th anniversary year. The firm plans to reinvest $58 million into upgrades across the newly acquired properties, part of a broader $200 million capital improvement plan spanning its recent acquisitions.
Morgan Properties has added more than 80 properties and 250 new site-team members this year, further solidifying its position as one of the nation’s largest multifamily operators.
To learn more about Morgan Properties’ acquisition, visit Business Wire.
