National company adds 2 Fayetteville apartment communities to its portfolio

An owner of apartment communities in 19 states has purchased two more in Fayetteville with plans to make $7 million in improvements to the properties. Morgan Properties, regarded as one of the nation’s top three multifamily housing companies, has acquired Westlake at Morganton and The Preserve at Grande Oaks, which have a total of 642 units, according to a news release.