Conshohocken-based Morgan Properties, the nation’s largest private owner of multifamily communities, has announced the acquisition of a portfolio of 11 communities with a combined 3,054 units across eight Midwest states from Trilogy Real Estate Group. With this latest acquisition, the 40-year-old company now has 100,000 units nationwide.

“Surpassing 100,000 units is a defining moment and a testament to the hard work and dedication of our entire organization, who have helped shape Morgan Properties into a best-in-class multifamily owner and operator,” said Jonathan Morgan and Jason Morgan, co-presidents of Morgan Properties. “As we continue to strategically expand our national portfolio, we remain selective and opportunistic in this environment. Morgan Properties has a proven track record of acquiring large portfolios with significant barriers to entry and providing execution certainty.”

Morgan Properties now owns and operates over 360 communities in 22 states throughout the country. The company moved its corporate headquarters from King of Prussia to Conshohocken in 2024.