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