Morgan Properties Acquires Two Midwest Portfolios Totaling 2,986 Units For $410 Million
08/01/22, 12:11 PM
Industry
real estate investment
commercial real estate
real estate
Morgan Properties, one of the nation’s top three multifamily owners, announced today it has acquired two portfolios totaling eight apartment communities and 2,986 units in Illinois and Indiana. Morgan Properties acquired the two portfolios for a combined $410 million. With the addition of these new communities, Morgan Properties now owns and operates 2,035 units in Illinois, 3,692 units in Indiana, and more than 95,000 units nationwide.
Company Info
Company info
Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania. Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing the business operations. Morgan Properties and its affiliates currently own and manage a multifamily portfolio comprised of more than 350 apartment communities and over 95,000 units located in 19 states. The Company is among the three largest multifamily owners in the nation and the largest in Pennsylvania, Maryland, and New York. With over 2,300 employees, Morgan Properties prides itself on its quick decision-making capabilities, strong capital relationships and proven operational expertise.
Learn more about Morgan Properties at www.morganproperties.com.