Morgan Properties, a nationally recognized real estate investment and management company based in Pennsylvania, has recently acquired Astoria Park Apartments in Indianapolis, Indiana. This acquisition marks an expansion of the firm’s portfolio to over 2,500 units in the Indianapolis area.
The property is located at 3640 Beluga Lane and is situated on the west side of Indianapolis in Hendricks County. It offers convenient access to Eagle Creek Park and Reservoir as well as major employers and universities. The community features desirable amenities such as an outdoor pool, fitness center, tennis courts, playgrounds for children and pets alike with a designated dog park and pet washing station. Additionally,the apartments boast upgraded kitchens with modern appliances along with spacious closets,and private patios or balconies.
According to Jason Morgan,president of Morgan Properties Special Situationsand Principal,”The Midwest remains one of the most stable markets for multifamily investments due to its consistent population growth,business-friendly policies,and affordable cost of living.”
