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Morgan Properties
From Wikipedia, the free encyclopedia
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Morgan Properties is an American real estate investment and management company founded in 1985 and based in Conshohocken, Pennsylvania.[1] It is one of the largest owners of multifamily housing in the United States, with a portfolio that includes over 350 apartment communities and more than 95,000 units across 19 states. The company is known for its family-led management style, emphasizing quick decision-making, operational expertise, and a commitment to community relationships.[1][2]
Mitchell Morgan is the founder and current chief executive officer of the company.[3]
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History
Morgan Properties was founded in 1985.[4]
In 2007, alongside AIG Global Real Estate, Morgan Properties purchased nearly 17,500 apartments for around $2 billion from Kushner Companies.[5]
In 2018, tenants in Maryland filed a lawsuit against Morgan Properties, alleging that the company charged residents illegal fees.[6] The company has been the subject of lawsuits in Pennsylvania alleging it refused accommodation requests for disabled tenants, and in Maryland alleging that it allowed a bed bug infestation.[1]
In 2019, the company purchased eighty apartment complexes from unrelated Morgan Communities, whose founder, Robert C. Morgan, has been charged with mortgage fraud.[4][7]
In 2022, several law firms filed an antitrust class action lawsuit against RealPage and multiple of RealPage's property management clients, including Morgan Properties.[8]
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References
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