Morgan Properties snapped up more than 1,000 suburban apartments for about $181M from Norfolk, Virginia-based Harbor Group International, part of a sweeping deal that shows continued strength for suburban multifamily investment. The Illinois portfolio comprises 428 units at The Lakes of Schaumburg in northwest suburban Schaumburg, 371 units at Blackhawk Apartments in northwest suburban Elgin and 204 units at The Gates of Deer Grove in northwest suburban Palatine.With the addition of these communities, Morgan Properties owns and operates 1,765 units across… Read the full story here. |