Morgan Properties Enters Booming Build-to-Rent Space With Acquisition of 136-Unit Single Family Rental Community in McKinney, Texas
MCKINNEY, TX - Morgan Properties, one of the nation’s top three multifamily owners, announced it has acquired parcHaus at Skyline, a brand-new, 136-unit single-family rental community in McKinney, Texas. It purchased the luxury Build-to-Rent community from Dallas-based Provident Realty Advisors. Rebranded Elevate at Skyline, this transaction represents Morgan Properties’ first Build-to-Rent acquisition and its third rental community in Texas. “For nearly four decades, Morgan...
Source: multifamilybiz.com