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Morgan Properties Acquires Two Midwest Portfolios Totaling 2,986 Units For $410 Million

PRIVATEAug 01, 2022

Acquiring Company

Morgan Properties

Acquired Company

Two Midwest Portfolios

Real EstateReal Estate InvestmentCommercial Real Estate

Description

Morgan Properties, one of the nation’s top three multifamily owners, announced today 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.

Quick answer

Morgan Properties is acquiring Two Midwest Portfolios for $410 million, announced August 1, 2022.

How much did Morgan Properties pay for Two Midwest Portfolios?
The reported deal value is $410 million.
What does Morgan Properties do?
Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania.

Source: Fundz verified event record.

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Company Information

Company

Morgan Properties

About

Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania. Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing the business operations. Morgan Properties and its affiliates currently own and manage a multifamily portfolio comprised of more than 350 apartment communities and over 95,000 units located in 19 states. The Company is among the three largest multifamily owners in the nation and the largest in Pennsylvania, Maryland, and New York. With over 2,300 employees, Morgan Properties prides itself on its quick decision-making capabilities, strong capital relationships and proven operational expertise. Learn more about Morgan Properties at www.morganproperties.com.

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Frequently asked

Who acquired Two Midwest Portfolios?

Two Midwest Portfolios was acquired by Morgan Properties. The deal was reported on August 1, 2022. Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania. Morgan Properties is privately held and operates in Real Estate.

When did Morgan Properties acquire Two Midwest Portfolios?

Morgan Properties's acquisition of Two Midwest Portfolios was reported on August 1, 2022. Morgan Properties, one of the nation’s top three multifamily owners, announced today it has acquired two portfolios totaling eight apartment communities and 2,986 units in Illinois and Indiana. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Two Midwest Portfolios do?

Two Midwest Portfolios is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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