Is the objective to have a single object to insert / move and manage within your drawing? If so, the solution may be reversed: Create a dynamic block with the geometry defined the way you want it to be for (multiple views if required) and add Multi line text in the form of an block attribute (command "attdef"). in the properties of the attribute you can define multiple lines, font, color width of text etc. See attached sample of a block I use to specify the finish for our product. The geometry in the sample consists of a couple of check boxes and labels. The attributes are mixed: some are single line text for the "X" in a check box (we settled on this for visibility) and some attributes with multiple line text which is confined in width so the text will not overlap the other drawing elements.
I hope this helps, or at least steers you toward a solution.
BTW the insertion point of the attached block is defined on purpose to ensure consistent placing from project to project.
