PENNSYLVANIA APARTMENT PROPERTY SELLS FOR $31.4M

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KING OF PRUSSIA, PA. — Morgan Properties has acquired the 192-unit Abrams Run Apartments in King of Prussia for $31.4 million. The property consists of 48 one-bedroom and 144 two-bedroom Class A apartments, with an average of 1,055 square feet. Amenities include a fitness center, tennis and basketball courts and community courtyards. Terms of the sale were undisclosed.

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