USA's largest private multifamily owner, Morgan Properties has announced the acquisition of 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.
