Property Overview

The Morgan is a 127-unit garden apartment complex located in the popular and active North Bethesda submarket of suburban Maryland, which Meridian purchased at foreclosure. Meridian grew occupancy from 85% at acquisition to over 96% at sale through renovations to original units, select common area improvements, and the execution of an affordable housing covenant on the property. Meridian sold the asset in 2019.

Type

  • Multifamily


Address

12000 Chase Crossing Circle
North Bethesda, MD 20852