The Sunbelt region for multifamily property transactions is booming right now, Jonathan Morgan, president of Morgan Properties JV, an affiliate of Morgan Properties, believes.
To that end, his company just added 18 communities there, acquiring a pair of portfolios for $780.5 million, to grow its stature as the second largest apartment owner in the country.
"These portfolios presented a tremendous opportunity for us to increase our footprint in states that are undergoing high population and employment growth," Morgan said in prepared remarks.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
