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$433M
total assets(1)
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3M sf
of leasable floor area(1)
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93.7%
in-place and committed occupancy(1)
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16
assets(1)
Dream Residential REIT (TSX: DRR.U) is a newly created, unincorporated, open-ended real estate investment trust (REIT) jointly managed by Dream and Pauls Capital, LLC. DRR.U owns a portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. In its initial public offering, DRR.U raised gross proceeds of US$125 million.
(1) All figures as at September 30, 2022.
During the formation of DRR.U, governance best practices from across the Dream group of companies platform were incorporated. Rigorous policies were put in place around board governance, diversity, inclusion and advancement, and environmental and social practices.
Sustainability Reports
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2021 DRR Sustainability Update Report
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2021 Dream Group of Companies Sustainability Update Report
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Policies
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Disclosure Policy
The objective of our disclosure policy is to ensure that communications to the investing public about DRR are timely, factual and accurate, and disseminated in accordance with all applicable legal and regulatory requirements.
Code of ConductOur Code of Conduct (the “Code) is DRR’s statement of the values and principles that guide day-to-day business activities. The keystones are: integrity, respect, fairness, accountability and transparency. The Code supports DRR’s commitment to operate the business at the highest level of legal, moral and ethical standards. The Code applies to all directors, officers and employees of Dream Residential REIT.
Whistleblower PolicyDRR is steadfast in its commitment to maintaining the highest business and personal ethical standards by dealing openly and honestly with investors, tenants, suppliers and employees. The Whistleblower Policy marries this commitment to that of securities laws and regulations with respect to accounting standards and internal control standards. DRR has contracted EthicsPoint Inc., an independent service provider, to manage any complaints or concerns on its behalf. This service reports directly to the Audit Committee of Dream Residential REIT. and is available seven (7) days a week, 365 days a year. Any concerns may be reported directly, confidentially, and, if preferred, anonymously, through www.ethicspoint.com.
Majority Voting PolicyThe Corporation has a majority voting policy, requiring that each Director nominee receive the support of a majority of the total number of votes cast by the shareholders entitled to elect such Director nominee, failing which such Director shall submit his or her resignation to the Board for consideration.
Diversity Inclusion & Advancement CommitmentDRR always invests with purpose, embracing creativity and diversity, passion and innovation, while positively impacting communities and the world.
Board Diversity PolicyDRR seeks to maintain a Board comprised of talented and dedicated directors whose skills and backgrounds reflect the diverse nature of the business environment in which it operates. Accordingly, the composition of the Board is intended to reflect a diverse mix of skills, experience, knowledge and backgrounds, including an appropriate number of women directors.