Monogram Residential Trust, Inc. Announces Timing Of Expected Listing On The New York Stock Exchange

Today Monogram Residential Trust, Inc. (Monogram) announced that it expects to list its shares of common stock on the New York Stock Exchange under the ticker symbol "MORE" on or about November 21, 2014, with completion of the listing subject to certain conditions. "This listing is the next step in our ongoing transformation of Monogram, following our self-management closing in June 2014, which we believe will increase our shareholders' total return potential over the long term by providing access to additional capital," said Mark Alfieri, Chief Executive Officer, President, Chief Operating Officer and Director of Monogram. "Monogram has a unique, high quality, diversified portfolio, comprised of Class A, highly amenitized, new multifamily communities located in coastal and major markets across the United States. We have the youngest portfolio by age, with an average of 5 years, of any publicly-traded apartment REIT, and further, Monogram's development portfolio positions the company to capture accretive growth as these properties are completed, leased up and stabilized." In conjunction with the listing on or about November 21, 2014, Monogram expects to commence a modified "Dutch Auction" tender offer (subject to all appropriate filings with the Securities and Exchange Commission) to purchase approximately $100 million in value of its shares of common stock. Monogram expects to allow shareholders to tender all or a portion of their shares. In the event that the tender offer is oversubscribed, proration of tendered shares will be calculated promptly after the offer expires. Monogram expects to fund the tender offer with cash on hand or borrowings available under its credit facility. As part of the process, Monogram engaged Morgan Stanley & Co. LLC, as its investment bank and advisor in connection with the listing and tender offer, JP Morgan Securities LLC, as its capital markets advisor, Goodwin Procter LLP, as its legal counsel in connection with the listing and tender offer, DLA Piper US LLP as its corporate and securities legal counsel, and Silver Portal Capital, LLC, as a financial advisor.