Morgan Properties Recognized With 153 Award Wins in 2019 Amid Massive Growth

KING OF PRUSSIA, PA - Morgan Properties, a real estate investment and management company, announced today a total of 153 award wins in 2019. Morgan Properties was recognized for its distinction in multifamily operations, executive leadership, and corporate culture. The company was endorsed by various regional and national organizations throughout the year for its notable achievements.

On a regional scale, Morgan Properties’ apartment communities and property teams received 141 awards for providing outstanding leasing, maintenance, management, service, and community appeal from the following associations:

-47 Garden State awards from the New Jersey Apartment Association

-30 Best of Living awards from the Pennsylvania Apartment Association (Central)

-27 awards from the Pennsylvania Apartment Association (East)

-11 Marketing and Advertising Excellence awards from the Property Management Association

-9 Star awards from the Maryland Multihousing Association

-6 Apartment Community Excellence (PACE) awards from the Property Management Association

-4 awards from the Delaware Apartment Association

-4 Leasing Professional awards from the Property Management Association

-3 Maintenance Professional awards from the Property Management Association

“In 2019 Morgan Properties became the fifth largest apartment owner and operator in the country, and our enormous growth and success would not have been possible without our people who add value every day for the thousands of residents who call Morgan Properties home,” said Jason Morgan, Principal at Morgan Properties. “Earning recognition by such a wide variety of organizations is reflective of our company’s commitment to get better with every acquisition. We are humbled to be in this position and look forward to another prosperous year.”

A family-run business built on excellence, integrity, and community, Morgan Properties was named a best workplace by The Philadelphia Inquirer, Multifamily Leadership, and NJ.com. The company was recognized by Maryland Governor Larry Hogan at the 36th Annual Governor’s Service Awards Ceremony for its outstanding volunteer contributions in Baltimore. In addition, Morgan Properties was also included on the following lists:

-Philadelphia Business Journal’s Soaring 76

-5000’s Fastest-Growing Private Companies in America

-Crittenden Apartment Report’s Most Active Buyers

Jonathan Morgan, President, continued to be recognized locally and nationally for his leadership and contributions to the industry. Takeaways included being named an EY Entrepreneur Of The Year® in the family business category for Greater Philadelphia, one of Philadelphia Business Journal’s Most Admired CEOs, a Rising Star of Commercial Real Estate - Debt/Equity as part of Real Estate Finance & Investment’s Commercial Real Estate 20 Awards, and one of Real Estate Weekly’s 2019 Real Estate Dealmakers. Amy Weissberger, Morgan Properties’ Senior Vice President of Corporate Strategy, was named one of Real Estate Weekly’s 2019 Leading Ladies.

Since 2012, Morgan Properties has acquired more than $7 billion in total acquisition volume comprised of 50,000 units. In October 2019, the company completed a portfolio transaction to acquire nearly 80 apartment communities encompassing approximately 15,000 units across eight states. This transaction took Morgan Properties’ total portfolio to more than 75,000 units in 15 states throughout the country and solidified the company’s position as the largest owner/operator in Pennsylvania, Maryland, and New York.

About Morgan Properties: Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania. Morgan Properties and its affiliates own and manage a multifamily portfolio comprised of 300 apartment communities and over 75,000 units located in 15 states, primarily in the Mid-Atlantic and Northeast Region. Morgan Properties is currently the largest multifamily owner in Pennsylvania, Maryland and New York, as well as the fifth largest apartment owner in the country. With approximately 2,000 employees across its geographic footprint, the Company prides itself on its quick decision-making ability, strong capital relationships and operational expertise. Learn more at www.morganproperties.com

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