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Best of 2019 - Largest Acquisition - Morgan Properties


Morgan Properties Morgan Communities 18,000 units

In October 2019, King of Prussia, PA-based Morgan Properties became the fifth largest apartment owner in the country when it acquired a portfolio from Morgan Communities -- an unaffiliated company based in Rochester, New York. The months-long, extremely complex portfolio transaction resulted in Morgan Properties acquiring nearly 95 apartment communities encompassing approximately 18,000 units across 8 states: Pennsylvania ; New York; Tennessee; Illinois; Indiana; South Carolina; Alabama; and Ohio. READ MORE

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