Cases and Deals
Deal

Morgan Properties and Olayan Group Acquire Multifamily Portfolio for $309M

Blank Rome represented Morgan Properties of King of Prussia, PA, in a joint venture with The Olayan Group, in its $309 million acquisition of a multifamily portfolio comprising 2,671 units in the Washington, D.C. area from Boston-based Berkshire Property Advisors LLC. The nine-property portfolio comprises of seven garden-style complexes and two high-rise buildings, including the 606-unit Harbor Place in Fort Washington, and properties located in Hyattsville, Parkville and Laurel, Maryland, as well as Newport News, Virginia.

Morgan Properties