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Morgan Properties Acquires Berkshire Mid-Atlantic Portfolio for $309 Million

Pennsylvania Firm Teams Up With The Olayan Group to Expand Portfolio by 2,700 Units
By Bryce Meyers
CoStar News
June 3, 2014 | 1:28 P.M.

King of Prussia, PA-based Morgan Properties, in a joint venture with Saudi conglomerate The Olayan Group, significantly expanded its multifamily holdings in the Mid-Atlantic region with the acquisition of a 2,674-unit portfolio from Berkshire Property Advisors for $309 million.

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