Madison International Realty Buys 5.3% Stake In Monogram Residential Trust

(RTTNews) - Real estate private equity firm Madison International Realty said it has acquired 5.3 percent of the outstanding shares of Monogram Residential Trust, Inc. (MORE).

Monogram, formerly known as Behringer Harvard Multifamily REIT I, Inc., is a real estate investment trust that invests in and operates multifamily communities in 12 states. Monogram's portfolio includes 56 multifamily properties with 16,126 units.

In 2014, Madison announced the final closing of its latest fund, Madison International Real Estate Liquidity Fund V, LP or Madison V, with $825 million of equity commitments from a global roster of institutional investors, exceeding its $750 million target.