Morgan Properties acquires 470-unit apartment community in Indianapolis
Transactions - OCTOBER 26, 2023

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Morgan Properties acquires 470-unit apartment community in Indianapolis

by Denise Moose

Morgan Properties announced it has acquired Astoria Park Apartments, a 470-unit apartment community located in Indianapolis

The community is located within Hendricks County and is proximate to high-wage employers and universities. Situated on the west side of Indianapolis near the scenic Eagle Creek Park and Reservoir, Astoria Park Apartments is adjacent to various outdoor activity spaces for sports, cross-country skiing, hiking trails and more.

Astoria Park Apartments features community amenities such as an outdoor pool and poolside patio, fitness center, tennis courts, a fenced-in playground, dog park and pet washing station, and more. In-unit features include upgraded kitchens and appliances, large closets, and private patios or balconies. Morgan Properties plans to invest nearly $4 million into renovations, including upgrading unit interiors, expanding amenities and integrating smart home technology.

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