Morgan Properties Expands Midwest Footprint With $410 Million Acquisition of Eight New Apartment Communities Totaling 2,986 Units

KING OF PRUSSIA, PA - Morgan Properties, one of the nation’s top three multifamily owners, announced 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.
“On the heels of our recent...

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