Monogram became a fully-integrated, self-managed company in July 2014. Prior to the rebranding of Monogram, the predecessor named entity was formed by Behringer Harvard, which raised $127 million of equity from accredited investors. In 2008, Monogram registered with the SEC as a non-listed, public REIT, allowing sales of securities, on a best efforts basis, to non-accredited investors through the independent U.S. broker-dealer network and raised $1.5 billion of equity capital, this offering closed on September 2011.
Since 2007, Monogram has acquired and built a highly curated portfolio of new multifamily properties in core urban markets, and at the same time built a passionate, experienced team. The selection criteria for Monogram remain the same for additions to our portfolio and our organization.
Monogram Residential Trust Timeline
|2006||Predecessor named entity formed by Behringer Harvard; $127 million of equity raised from accredited investors|
|2006||Co-investment program established with PGGM; $100 million initial equity commitment (subsequently raised to $300 million)|
|2008||Registers with the SEC as a non-listed, public REIT, allowing sales of securities, on a best efforts basis, to non-accredited investors through the independent U.S. broker-dealer network|
|2008 – 2011||Raises $1.5 billion of equity capital. Offering closed September 2011|
|2011||Established Joint Venture relationship with NPS, advised by Heitman, through the sale of partial interests in both wholly owned properties and joint venture interest that PGGM and Monogram previously owned|
|2013||Amends advisory and joint venture relationship with PGGM which included an additional $300MM “revolver” commitment|
|2014||Completes transformation to fully-integrated self-managed company and rebrands as Monogram Residential Trust, Inc.|