Morgan Properties’ shopping spree across the Baltimore-area continues, paying $50 million for a 240-unit apartment community in Ellicott City. The sale of Orchard Meadows breaks down to $208,333 per unit. Morgan Properties partnered with Core Real Estate Partners on the acquisition from New York real estate investment firm Azure Partners. The deal is the company’s seventh joint venture with Core Real Estate Partners in the mid-Atlantic. Morgan Properties, headquartered in King of Prussia, Pennsylvania,…
from https://www.bizjournals.com/baltimore/news/2018/06/04/morgan-properties-buying-spree-continues-with-50m.html?ana=RSS&s=article_search
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