Morgan Properties Enters Nashville with $91M MF Portfolio Acquisition
Morgan Properties acquired a four-property, 826-unit apartment portfolio in Nashville, TN from Cardone Capital for $91 million. The King of Prussia, PA-based buyer plans to invest an additional $8.7 million into renovations and amenity upgrades. This is Morgan Properties’ first purchase in the state.
Morgan Properties JV’s Jonathan Morgan says, “Entering Nashville is a major milestone for Morgan Properties. Nashville is a hot market, and we have been targeting it for quite some time. We felt this portfolio gave us a foundation to build on as we continue to seek follow-on investment opportunities to scale our footprint in the market.”
The Nashville portfolio consists of four garden-style apartment communities: Hickory Creek, Lincoya Bay (pictured), Sheffield Heights, and Jackson Grove. The infill locations offer residents convenient access to transportation and major employment centers in and around Nashville.
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.
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