Morgan Properties Pays $126M For Boca Multifamily Complexes
Share via Shortlink Camino Real Apartment Homes with El-Ad’s Yitzhak Tshuva and Noam Ziv and Morgan Properties’ Mitchell Morgan (Google Maps) Morgan Properties bought four multifamily complexes in and near Boca Raton for $126 million, as part of a $1.8 billion national apartment portfolio purchase that marks the biggest such deal in the U.S. so far this year. King of Prussia, Pennsylvania-based Morgan Properties, along with Olayan America, bought 48 complexes with 14,414 units in 11 states. The seller is STAR Real Estate Ventures, a joint venture between El-Ad National Propertie...
Source: therealdeal.com