BELTSVILLE, MD—Followingits 2,700-unit portfolio acquisition in June, King ofPrussia, PA-based Morgan Properties has picked upanother apartment community in the Mid-Atlantic.

Morgan Properties and its equity partner Core RealEstate Capital, LLC have acquired Lighthouse atTwin Lakes here. Transwestern represented the seller,Hampshire Properties, in the sale. The price was not disclosed.

This is the third acquisition the two companies have jointlymade in the state, The Morgan Properties-Core JV has also acquiredNorthwest Crossing, a 588-unit garden-styleapartment community located in Randallstown and the WindsorMill portfolio, a 500-unit portfolio in Windsor Mill.

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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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