Morgan Properties is an American real estate

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

and

management Management (or managing) is the administration of organizations, whether businesses, nonprofit organizations, or a Government agency, government bodies through business administration, Nonprofit studies, nonprofit management, or the political s ...

company founded in 1985 and based in

Conshohocken, Pennsylvania Conshohocken ( ; ) is a Borough (Pennsylvania), borough on the Schuylkill River in Montgomery County, Pennsylvania in suburban Philadelphia. Historically a large mill town and industrial and manufacturing center, after the decline of industry in ...

. 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. Mitchell Morgan is the founder and current chief executive officer of the company.

History

Morgan Properties was founded in 1985. In 2007, alongside AIG Global Real Estate, Morgan Properties purchased nearly 17,500 apartments for around $2 billion from

Kushner Companies Kushner Companies LLC is an American real estate developer in the New York City metropolitan area. The company's biggest presence is in the New Jersey residential market. A study published in December 2017 by ''Bloomberg News'' indicated that ...

. In 2018, tenants in Maryland filed a lawsuit against Morgan Properties, alleging that the company charged residents illegal fees. 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. In 2019, the company purchased eighty apartment complexes from unrelated Morgan Communities, whose founder, Robert C. Morgan, has been charged with

mortgage fraud Mortgage fraud refers to an intentional misstatement, misrepresentation, or omission of information relied upon by an underwriter or lender to fund, purchase, or insure a loan secured by real property. Criminal offenses may be prosecuted in eith ...

. In 2022, several law firms filed an

antitrust Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust l ...

class action lawsuit A class action A class action is a form of lawsuit. Class Action may also refer to: * ''Class Action'' (film), 1991, starring Gene Hackman and Mary Elizabeth Mastrantonio * Class Action (band), a garage house band * "Class Action" (''Teenage R ...

against

RealPage RealPage, Inc. is an American software company specialized in property management software for algorithmic rent setting. It is owned by the private equity firm Thoma Bravo. Its services are used to manage more than 24 million housing units world ...

and multiple of RealPage's property management clients, including Morgan Properties.

References

{{reflist Real estate companies of the United States