**Morgan Properties Acquires $501M Midwest Multifamily Portfolio from Trilogy Real Estate Group**
Morgan Properties has acquired a $501 million rental portfolio from Trilogy Real Estate Group, significantly expanding its footprint in the Midwest multifamily housing market.
The newly acquired portfolio comprises 3,054 units spread across 11 properties located in eight Midwestern states, including Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Oklahoma, and Tennessee. The assets, developed between 1989 and 2018, are strategically situated within their respective submarkets.
This acquisition marks a major milestone for Morgan Properties, bringing its total apartment holdings to over 100,000 units nationwide. The company currently owns and operates more than 360 communities across 22 states.
The transaction was primarily brokered by Newmark’s Adam Doneger and Josh King, who handled 10 of the properties. Walker & Dunlop facilitated the sale of one property in the portfolio.
“As we continue to strategically expand our national portfolio, we remain selective and opportunistic in this environment,” said Jonathan Morgan and Jason Morgan, Co-Presidents of Morgan Properties.
The acquisition underscores Morgan Properties’ ongoing commitment to growing its presence across key regions in the U.S., particularly in areas with strong market fundamentals and growth potential.
