Morgan Properties hits major milestone with 50,000 units

PHILADELPHIA, PA — Morgan Properties, one of the nation’s largest and fastest growing multifamily investors, announced today it officially ranks as Pennsylvania’s largest multifamily owner and operator following its historic portfolio acquisition of 10 apartment communities with 4,130 apartments spanning Philadelphia and Northern Virginia. This acquisition brings Morgan Properties’ Pennsylvania portfolio to 9,300 units and its total unit count reaches 50,000 units for the first time since its inception in 1985. This landmark acquisition marks the largest multifamily transaction in Philadelphia to date and expands the company’s already growing presence in the Northeast and Mid-Atlantic Region.

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