Morgan Properties completed the acquisition of a portfolio of 3,054 units from Trilogy Real Estate Group for $501m.

Morgan Properties, a private owner of multifamily communities, completed the acquisition of a portfolio of 3,054 units from Trilogy Real Estate Group, a real estate investment firm, for $501m. “Surpassing 100k units is a defining moment and a testament to the hard work and dedication of our entire organization, who have helped shape Morgan Properties into a best-in-class multifamily owner and operator. As we continue to strategically expand our national portfolio, we remain selective and opportunistic in this environment. Morgan Properties has a proven track record of acquiring large portfolios with significant barriers to entry and providing execution certainty,” Jonathan Morgan and Jason Morgan, Morgan Properties Co-Presidents.