About Dream
Dream is a publicly listed company based in Toronto (Canada) founded in 1994, and was acquired by Morgan Properties in November 2025. Equity REIT investments are directed toward residential and commercial assets. It operates on a Direct-to-Consumer (D2C) and Commission-Based model. Dream has completed 4 acquisitions, including Hard Rock Hotel, Merin and Summit Industrial Income REIT. Its website dream.ca draws about 19 thousand monthly visits. Dream offers products and services including Real Estate Development, Asset Management, and Impact Investing. Its focus areas include Real Estate, Development, Residential and Commercial and Asset Management. Its legal entity is Dream Unlimited Corp.
Company details
Dream is involved in the development, operation, and management of real estate properties across residential, industrial, office, retail, and hospitality sectors. Based in Toronto, Canada, the company is recognized for managing both publicly traded and private investment vehicles in Canada, the U.S., and Europe. Solutions are provided through a vertically integrated platform that prioritizes disciplined capital allocation. Additionally, impact investing is emphasized with a focus on net-zero communities and affordable housing, aiming for sustainable value creation for investors and stakeholders.
- Headquarters Toronto, Canada
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website dream.ca
- Social LinkedIn X Instagram
- Acquired by Blackstone (Sep 2019)
- Legal Name Dream Unlimited Corp. Class A
- Annual Revenue$338.12 M (USD)-25.87as on Dec 31, 2025
- Net Profit-$13.61 M (USD)-109.92as on Dec 31, 2025
- EBITDA$94.87 M (USD)-6.33as on Dec 31, 2025
- Latest Funding Round$138.9M (USD), Post-IPO
Mar 2025
- InvestorsBlackstone
& 1 more
- Investments & AcquisitionsHard Rock Hotel
& 3 more
- Acquired by
Products & Services of Dream
Dream offers a comprehensive portfolio of products and services, including Real Estate Development, Asset Management, and Impact Investing.
Properties are developed across residential and commercial sectors.
Real estate assets are managed for investor returns.
Net-zero communities are built for sustainable impact.
Funding Insights of Dream
- Total Rounds 5
- Last Round Post-IPO — $138.9M
- First Round $52.38M
(Apr 2014)
All 5 funding rounds of Dream with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $138.9M | Post-IPO | – | – | – |
| Aug 2021 | $30M | Post-IPO | – | – | – |
| Apr 2021 | $201M | Post-IPO | – | – | – |
| Nov 2017 | $26.01M | Post-IPO | – | – | – |
| Apr 2014 | $52.38M | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in Dream
Dream has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Blackstone and Morgan Properties.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States | |
| morgan-properties.com |
Investor details for Dream
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Dream
100 people are tracked at Dream (28 in leadership, 6 in board & advisors, 66 in team).
| Name | Role | Group |
|---|---|---|
Michael Zimmer | Associate Vice President, Asset Management | Leadership |
Meaghan Peloso | CFO | Leadership |
Michael J. Cooper | President & Chief Responsible Officer | Leadership |
Egor Pelevin | Director, Financial Planning And Analysis | Leadership |
Daniel Chin | Director Debt Real Estate Finance | Leadership |
Niki Shi | Director, Strategic Finance | Leadership |
Derrick Lau | Vice President, Strategic Finance | Leadership |
Alexandra Screpnechuk | Director, Investments Dream Industrial REIT | Leadership |
Marcia Franklin | VP Finance | Leadership |
Stephen Panno | Vice President, Tax | Leadership |
Michael Hoang | Associate Vice President, Strategic Finance | Leadership |
Timothy Savini | Vice President Of Accounting | Leadership |
Ron A. Romano | Senior Director, Tax At Dream Unlimited | Leadership |
Jeffrey Beatch | Head Of Western Canada Development & Finance | Leadership |
Sheri Cox | Senior Director, Accounting | Leadership |
Jim Valkanas | Chief Information Officer CIO | Leadership |
Antonella C. | Director, Accounting | Leadership |
Anna Locke | Director, Project Management | Leadership |
Colleen R. | Director, Technical Operations | Leadership |
Jose Maldonado | Senior Vice President, Finance & Strategy | Leadership |
80 more people are available in the full profile.
Complete people profiles for Dream
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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IPO & Listings of Dream
Dream is a publicly listed company on the TSX with ticker symbol DRM in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date31 May 2013
- Listed onTSX: DRM
- Listed entityDREAM Unlimited Corp. Class A
- Exchange sectorFinance
- ISINCA26153M5072
- Share price17.09 CAD (+1.73% on the day) · 2026-10-13
- Market capitalisation716,810,233.00 CAD
- Price to earnings97.1
- EPS (diluted, trailing year)0.18 CAD
- Dividend yield4.02%
- Volume (last session)42,257
Financials of Dream
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 462.9M CAD | -18.6M CAD | 129.9M CAD |
| 2024 | 624.5M CAD | 187.9M CAD | 138.7M CAD |
| 2023 | 386.9M CAD | -117.1M CAD | 68.3M CAD |
| 2022 | 343.8M CAD | 164.4M CAD | 65.5M CAD |
| 2021 | 325.9M CAD | 110.0M CAD | 51.6M CAD |
Detailed financial statements for Dream
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
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Investments & Acquisitions by Dream
Dream has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Hard Rock Hotel, Merin and Summit Industrial Income REIT.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Real estate investment trust | summitiireit.com | Markham, Canada | 2005 | Nov 2022 | $4.37B | |
Men's tailored clothing and accessories are designed and retailed. | hardrockhotel.com | Las Vegas, United States | 1995 | Apr 2018 | •••• | |
Fully furnished and serviced office spaces are provided. | merin.nl | Amsterdam, Netherlands | 1924 | Jul 2017 | $714M | |
Investments are made in office, industrial, and retail properties. | whiterockreit.ca | Toronto, Canada | 2005 | Mar 2012 | •••• |
Complete acquisition details for Dream
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Dream
10 dated milestones of Dream across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Dream is founded.
- Acquisition Acquires Whiterockreit.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $52.4M.
- Acquisition Acquires Merin.
- Acquisition Acquires Hard Rock Hotel.
- Exit Acquired by Blackstone.
- Acquisition Acquires Summit Industrial Income REIT.
- Funding Latest funding round, Post-IPO, of $138.9M.
- Exit Acquired by Morgan Properties.
Web traffic of Dream
The website of Dream (dream.ca) receives about 18.6K visits a month.
- Monthly visits18.6K
▼ 3.3% vs previous month
Websites whose visitors overlap most with Dream. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| choicereit.ca | 100% | 14.9K | #1,647,206 | View details | |
| hr-reit.com | 100% | 8.7K | #2,620,348 | View details | |
annualreports.com | annualreports.com | 100% | #135,230 | – | |
irebs-immobilienakademie.de | irebs-immobilienakademie.de | 64% | – | ||
| dreamgroup.com | 60% | 15.1K | #1,464,291 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Dream
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- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Dream
Complete news archive for Dream
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- Full article archive
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- Brand-specific news history
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Frequently Asked Questions about Dream
Dream was founded in 1994 and raised its 1st funding round 20 years after it was founded.
Dream is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Annual revenue of Dream is $338.12M as on Dec 31, 2025.
Dream is involved in the development, operation, and management of real estate properties across residential, industrial, office, retail, and hospitality sectors. Based in Toronto, Canada, the company is recognized for managing both publicly traded and private investment vehicles in Canada, the U.S., and Europe. Solutions are provided through a vertically integrated platform that prioritizes disciplined capital allocation. Additionally, impact investing is emphasized with a focus on net-zero communities and affordable housing, aiming for sustainable value creation for investors and stakeholders.
Dream offers Real Estate Development, Asset Management, and Impact Investing.
Yes, Dream is publicly traded on TSX under the ticker symbol DRM.
Dream has made 4 acquisitions, including Hard Rock Hotel, Merin, and Summit Industrial Income REIT.
Dream has 2 investors. Key investors include Blackstone, and Morgan Properties.
Dream operates through Dream Unlimited Corp..
Yes. Dream was acquired by Blackstone in September 2019.