Articles from Morgan Properties

Morgan Properties announces the landmark acquisition of Dream Residential Real Estate Investment Trust (REIT) for $354 million. This cross-border transaction resulted in a successful acquisition and privatization of a publicly-traded Canadian REIT, while adding 15 communities totaling 3,300 units across key MSAs in Texas, Ohio, Kentucky, and Oklahoma.

Morgan Properties, the nation’s largest private owner of multifamily communities, has acquired a portfolio of 3,054 units across 11 assets in eight Midwest states from Trilogy Real Estate Group. This acquisition, valued at $501 million, marks a significant milestone in the firm’s 40-year history as it expands Morgan Properties’ apartment holdings to over 100,000 units nationwide while continuing to broaden its presence throughout the Midwest.

Morgan Properties, the nation’s largest private owner of multifamily communities, announced today its entry into Kentucky with the $39 million acquisition of Blankenbaker Crossings, a 236-unit garden-style apartment community in Louisville. Kentucky is now the 20th state in Morgan Properties’ rapidly growing portfolio, solidifying the company’s presence as a leader in multifamily and marking a strategic expansion into one of the Heartland region's most promising markets.

Morgan Properties, one of the nation’s largest multifamily owners, officially opened its new corporate headquarters at the Millennium Complex in Conshohocken, Pennsylvania. Formerly located at Morgan Properties’ Kingswood Apartments & Townhomes in King of Prussia, which the company has owned and managed since 1985, the new headquarters represents the next phase for the nearly 40-year-old family business that has grown to be one of the most active multifamily investors in the country.

Morgan Properties, the nation’s largest private owner of multifamily communities, announced today that it has acquired an 11-property portfolio of apartments located throughout the state of Pennsylvania from the original developer and owner – The DePaul Management Company. Totaling 3,434 units in the suburbs of Philadelphia and Pittsburgh, the Lehigh Valley, Reading, and the state capital of Harrisburg, this acquisition significantly increases Morgan Properties’ presence in its home state. Morgan Properties now owns and manages over 14,000 units and 56 communities in Pennsylvania, and 350 communities nationwide.

Morgan Properties, one of the nation’s three largest multifamily owners, announced today it earned 196 award wins in 2023, highlighting the company’s dedication to outstanding service, innovative marketing, and continued growth. The company received recognition for its notable national and regional achievements from multifamily, top workplace and communications organizations.

Morgan Properties, one of the nation’s top three multifamily owners, announced today it has acquired Astoria Park Apartments, a 470-unit apartment community located in Indianapolis, IN. With the addition of this community, Morgan Properties expands its Indianapolis portfolio to over 2,500 units.

Morgan Properties, the largest multifamily owner and operator in New York state, is further investing in the Rochester area by relocating its local corporate office to a larger, more modern space in Victor, New York. The office encompasses close to 17,000 square feet and accommodates up to 80 employees. Its well-being-focused design includes an outdoor terrace, contemporary break room and kitchen, private offices and workstations, spacious conference and training rooms, meeting lounge and wellness room.

Morgan Properties, one of the nation’s top three multifamily owners and the largest in Pennsylvania, is proud to announce its philanthropic support of Children’s Hospital of Philadelphia's Center for Violence Prevention (CVP) whose mission is to reduce the exposure to and impact of violence among children, teens, and families. Morgan Properties donation will help further the CVP’s outstanding work in the prevention of violence through evidence-based interventions. They join numerous federal government, state/city government, foundations, and professional organizations in supporting this life-changing mission; including the National Institutes of Health, Substance Abuse and Mental Health Services Administration, and the Office for Victims of Crimes in partnership with the Department of Justice.

Morgan Properties, one of the nation's largest multifamily owners and operators, announced today that industry veteran Marina Dikos has been appointed Chief Financial Officer, succeeding J. Patrick O'Grady who is retiring after 14 years with the company. Dikos previously served as Morgan Properties’ Senior Vice President and Chief Accounting Officer.

Morgan Properties, one of the nation’s top three multifamily owners, announced today it earned a total of 144 award wins in 2022, further demonstrating the company’s commitment to service excellence, professional development, and company culture. The company received recognition for its notable achievements from national, regional, and real estate organizations.

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.

Morgan Properties, one of the nation’s top three multifamily owners, announced today it has acquired two Class A apartment communities totaling 642 units in Fayetteville, North Carolina. Morgan Properties purchased Westlake at Morganton and The Preserve at Grande Oaks from Walker & Dunlop on behalf of Morganton Development. With the addition of these two communities, Morgan Properties now owns and operates five apartment communities encompassing 1,530 units in Fayetteville, with additional communities in Raleigh, Charlotte, and Salisbury. This acquisition brings the company’s current total portfolio to over 93,000 units nationwide.

Morgan Properties, one of the nation’s top three multifamily owners, announced today it has acquired parcHaus at Skyline, a brand-new, 136-unit single-family rental community in McKinney, Texas. It purchased the luxury Build-to-Rent community from Dallas-based Provident Realty Advisors. Rebranded Elevate at Skyline, this transaction represents Morgan Properties’ first Build-to-Rent acquisition and its third rental community in Texas.

Morgan Properties, the nation's largest private multifamily owner, announced today it has acquired two portfolios totaling 18 apartment communities and 4,724 units in four states: Georgia, Florida, North Carolina, and South Carolina. Morgan Properties acquired the Middle Street Partners (MSP) and Northland portfolios for a combined $780.5 million. With the addition of these new communities, Morgan Properties now owns and operates 10,540 units throughout the Sunbelt region, and 95,000 units nationwide.

Morgan Properties, the nation's largest private multifamily owner, announced today a partnership with Kairos to launch Bilt Rewards, the first and only rewards program that allows residents to earn points on rent. Morgan Properties will introduce the program at select properties this fall.

Morgan Properties, the nation's largest private multifamily owner headquartered in King of Prussia, Pennsylvania, announced today it has been awarded a Rochester Top Workplaces 2021 honor by the Democrat and Chronicle. The distinction was awarded to 60 of Rochester’s best employers for their commitment to developing and sustaining a culture that supports, promotes, and values its employees. Morgan Properties has 42 apartment communities in the area.