Conshohocken’s Morgan Properties, the nation’s largest private multifamily owner, has added another major purchase to its growing portfolio, writes Lidia Dinkova for The Real Deal.
The firm acquired a 300-unit apartment complex near West Palm Beach for nearly $70 million, underscoring its aggressive national expansion strategy.
The gated community, Visions at Willow Pond, includes 17 two- and three-story buildings, a clubhouse, and a warehouse on more than 30 acres. The property was purchased from Miami-based Bar Invest Group for $69.95 million. Morgan financed the deal with a $49.9 million Freddie Mac loan.
Led by founder Mitchell Morgan, the company has been on a buying spree. In April, it purchased an 11-property portfolio spanning eight states for $501 million, pushing its holdings past 100,000 units. Morgan also struck a $354 million agreement to acquire a majority stake in Canada’s Dream Residential REIT.
Though South Florida’s apartment market has cooled since the pandemic boom, Morgan continues to bet big.
Beyond Florida, the firm is a dominant landlord in Montgomery County, where it manages thousands of apartments across Conshohocken, King of Prussia, and other communities.
To learn more about the acquisition, visit The Real Deal.
Editor’s Note: This post was originally published on MONTCO.Today in October 2025.
