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Pennsylvania investor expands to Texas with D-FW apartment buys

Pennsylvania investor expands to Dallas area with apartment buy Morgan Properties took three communities, one in Far North Dallas and two in Cedar Hill, as part of a nationwide $1.75 billion acquisition. The Grand Seasons apartments on Belt Line Road were built in the late 1970s.(Grand Seasons ) A Pennsylvania-based apartment investor has expanded to North Texas with the purchase of a Far North Dallas rental community. Morgan Properties acquired the Grand Seasons apartments on Belt Line Road near Preston Road as part of a huge nationwide deal. Morgan Properties, in a partnership with Olayan America, paid $1.75 billion for more than 14,000 apartments in 11 states.

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