Morgan Properties will take control of the portfolio
Beau Brooker joined the firm last month
The guidance translates to a 6% first-year cap rate
Leverage would boost buying power up to $400m
The property is designated for residential development
The vendor is asking $52.5m for the 5-acre parcel
The 74-acre site could be rezoned to allow for commercial development
Sitzer Group sold the property earlier this month
The seller is leasing back 30% of the building