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.
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