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Morgan Properties Doubles Down on Its Maryland Footprint

WASHINGTON, DC--The company has built up its Maryland portfolio from 4,000 units in 2010 to 16,000 units today.

One of Morgan Properties' recent acquisitions. One of Morgan Properties’ recent acquisitions.

WASHINGTON, DC–An affiliate of King of Prussia, Pa.-based Morgan Properties has completed some $500 million of apartment acquisitions this year, meeting its goal for 2016. Per its long-established fondness for Maryland’s multifamily market, the bulk of its acquisitions this year have been in the state.

But that doesn’t meant the company is out of the market for the next five months — or for that matter limiting itself to Maryland and the Mid-Atlantic, Jonathan Morgan, president of the affiliate, Morgan Properties JV Management, told GlobeSt.com. “We are now in ten states and looking to expand our geographic footprint even further.”

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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