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Monogram Residential sets date for shareholder vote on Greystar deal

Monogram Residential Trust Inc. will hold a special shareholder meeting to vote on its pending roughly $3.0 billion merger with a fund led by Greystar Real Estate Partners LLC.

Under the terms of the deal, Greystar Growth and Income Fund LP will acquire Monogram for $12.00 per share in cash. The transaction is expected to close during the second half.

Monogram said its board recommends that shareholders vote in favor of the transaction at a meeting scheduled for Sept. 14.