Morgan Properties announced it purchased the community at 1999 Skyline Drive, McKinney, in a May 2 news release. The multifamily property owner renamed the neighborhood Elevate at Skyline as part of its rebrand.
The 136-unit community offers one-, two- and three-bedroom townhomes with private backyards, in-unit washer and dryers and smart thermostats. This is Morgan Properties’ first build-to-rent property and third rental community in Texas, according to the release.
“Single-family rental homes are in high demand in the Dallas-Fort Worth area, specifically in towns that boast a desirable quality of living, upper-echelon school districts, and a robust employer base like McKinney, Texas,” said Jason Morgan, president of Morgan Properties Special Situations & Principal, in the release. “This made acquiring Elevate at Skyline an easy decision for us and one that will jumpstart our future interest in diversifying our portfolio through single-family rental communities, all while continuing to grow our presence in the thriving Sun Belt region.”
844-602-3997. www.morgan-properties.com/apartments/tx/mckinney/skyline
