Morrison & Foerster is representing Morgan Stanley, which acted as exclusive financial advisor to Monogram Residential Trust, Inc. (“Monogram”), which operates and develops luxury apartment communities in coastal and urban markets, in the acquisition of Monogram by a fund led by Greystar Real Estate Partners, the largest operator of apartments in the U.S., and includes affiliates of APG Asset Management N.V., GIC, and Ivanhoe Cambridge, for the per share consideration of $12 in cash or approximately $3 billion in the aggregate. The acquisition was announced on July 4, 2017.
Morgan Stanley is a leading global services firm providing a wide range of investment banking, securities, investment management and wealth management services, as well as merger and acquisition and corporate finance advice.
Morrison & Foerster’s nationally recognized REIT practice is actively involved in advising REITs and REIT sponsors, contributors, investors, investment advisers, underwriters, and institutional lenders on all aspects of REIT activity. Recent transactions our attorneys have advised include the representation of the management team of Parkway, Inc. in connection with the $1.2 billion acquisition of Parkway by Canada Pension Plan Investment Board.
The Morrison & Foerster team was led by partner David Slotkin (DC) and associate Jenny Wang (NY).
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