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Morgan Properties Named a 2021 Rochester Top Workplace streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
PHOTO BY JACOB WALSH A Morgan Communities property, The Nathaniel apartment complex, at the corner of South Avenue and Court Street. Federal authorities have announced that a grand jury has returned a new indictment against Rochester developer Robert Morgan and three others. The U.S. Attorney’s office says a 104-count indictment has been filed, charging Robert Morgan, Todd Morgan, Frank Giacobbe, and Michael Tremiti with conspiracy to commit wire fraud and bank fraud in connection with a wide-ranging mortgage fraud scheme. Last October, a federal judge dismissed fraud charges in the case, saying that prosecutors mishandled discovery in the case. ....
KING OF PRUSSIA, PA - Morgan Properties, the nation s largest private multifamily owner, announced it has acquired, in partnership with Olayan America, a portfolio of 48 apartment communities and 14,414 units in 11 states for $1.75 billion. The Morgan Properties and Olayan America joint venture purchased the North Star Portfolio from STAR Real Estate Ventures, a joint venture between El-Ad National Properties, LLC and Yellowstone Portfolio Trust. The North Star acquisition is the largest multifamily transaction this year and Morgan Properties’ largest deal since acquiring the Morgan Communities portfolio of 95 apartment communities and 17,500 units in 8 states for $1.9 billion in 2019. “The North Star investment is a strategic transaction for Olayan America, and provides access to some of the best multifamily markets in the nation. It speaks to the strength of our partnership with Morgan Properties and our continued confidence in the multifamily sector,” said Erik Horv ....
The larger acquisition marks the largest multifamily transaction so far in 2021 bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Morgan Properties and Olayan America Purchase Massive Multifamily Portfolio multifamilyexecutive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from multifamilyexecutive.com Daily Mail and Mail on Sunday newspapers.