Top multifamily owner Morgan Properties announced the appointment of Jonathan and Jason Morgan as co-chief executive officers.
Along with the new co-CEOs, Morgan Properties has elevated seven leaders to C-suite positions, including the appointment of Greg Curci as the company’s first chief operating officer. As part of this leadership evolution, Mitchell Morgan, founder and CEO of Morgan Properties, will continue as chairman.
Under both Morgans’ leadership, Morgan Properties has more than doubled its portfolio over the past five years, now comprising over 110,000 units across 22 states, with more than half of its holdings wholly owned. They also led the company’s expansion as a capital provider, deploying $2.5 billion in equity across various credit strategies since 2017, including CMBS B-piece securities, whole loans and preferred equity.
In their new roles, the co-CEOs will continue to drive Morgan Properties’ real estate, equity and credit strategy, supporting further expansion and reinforcing the company’s position as one of the nation’s largest private multifamily real estate owners.
“Our father built this company with a focus on drive, determination and entrepreneurial grit,” said Jonathan Morgan. “That mindset continues to guide us today. We’ve built what we view is a rocket ship that’s ready for liftoff and our focus now is on scaling thoughtfully — remaining contrarian, expanding our operations and investing across the capital stack.”
“Our goal is not just to be one of the largest multifamily investors, but to be one of the most impactful – investing in people, strengthening communities and building a company that lasts for generations,” said Jason Morgan. “These leadership changes empower our executive team with more autonomy, enabling us to move faster and continue to act boldly in uncertainty.”
Jonathan Morgan has served as co-president of Morgan Properties and, since 2011, president of Morgan Properties JV, an affiliate of Morgan Properties, overseeing day-to-day operations, acquisitions and capital markets. He previously worked at Apollo Real Estate Advisors, focusing on investment activities involving high-yielding debt opportunities and equity investments in real estate assets and real estate operating companies.
Jason Morgan has served as Co-President of Morgan Properties and President of Morgan Properties Special Situations since 2017. Morgan Properties Special Situations specializes in sourcing, underwriting and executing multifamily acquisitions (including equity recapitalizations), fixed-income securities and debt investment opportunities. Before joining Morgan Properties, he worked at Sculptor Capital Management, formerly Och-Ziff Capital Management.
Morgan Properties has also promoted other C-suite leaders: Stephen Waters, chief capital officer; Rimas Petrulis, chief investment officer; Marina Dikos, chief financial officer; Michael Schecter, chief legal officer; Samantha McQuown, head of property management; Andrew Orloff, chief strategy officer and Jessica Sachs, chief people officer.
