Morgan Properties has acquired two portfolios totaling eight apartment communities and 2,986 units in Illinois and Indiana. The two portfolios combined sold for $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.

The Illinois portfolio consists of The Lakes of Schaumburg, which includes 428 units in Schaumburg; Blackhawk Apartments, comprised of 371 units in Elgin; and The Gates of Deer Grove, including 204 units in Palatine.

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