Morgan Properties, a real estate investment and management company headquartered in Conshohocken, has acquired Blair Mill Village East, a 768-unit apartment complex in Upper Moreland Township.

According to their announcement on Biznow.com, Blair Mill is one of 11 multifamily complexes in Pennsylvania purchased by the firm this summer.

The company plans to spend $80 million for upgrades and renovations by installing in-unit washers and dryers, replacing roofs and heating, and improving amenities.

A timeline for the Blair Mill complex’s upgrades has not been disclosed, according to Biznow. 

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Photo: Apartmentfinder.com