Mid-Atlantic multifamily investor Morgan Properties expanded its Northern Virginia holdings with the purchase of the Bennington Crossings in Alexandria in a $62.3 million deal with Washington, D.C., investment and management firm, JBG Smith.
The owner behind Alexandria communities Stoneridge at Mark Center, Lynbrook at Mark Center, Brookdale at Mark Center and Willow Run at Mark Center, Morgan Properties paid roughly $198,000 per unit for its latest…