Morgan Properties Senior VP Stephen Waters Elected Board President of New Jersey Apartment Association

MONROE TOWNSHIP, NJ - The New Jersey Apartment Association (NJAA) is proud to announce that Stephen Waters has been elected to serve as board president for the 2018-2020 term. Mr. Waters was inducted at NJAA’s Annual Meeting on January 24 and his term will continue until mid-January 2020.

Mr. Waters is the senior vice president of facility operations at Morgan Properties – a national real estate and investment management company headquartered in King of Prussia, Pa. Morgan Properties is the nation’s 22nd largest apartment owner and operator, with 150 apartment communities consisting of over 45,000 units in Pennsylvania, Maryland, New Jersey, New York, Delaware, Virginia, North Carolina, South Carolina, Ohio, and Nebraska.

In response to the election, David Brogan, the executive director of NJAA stated, “The entire NJAA team is thrilled to work directly with Stephen. He brings with him a wealth of ideas and knowledge that will surely build upon the legacy of our previous leaders. A strategic thinker and exceptionally hard worker, Steve will continue to propel our Association forward.”

As Board President, Mr. Waters will be focused on enhancing NJAA’s government affairs efforts on both the state and local levels as well as improving the perception of the multifamily housing industry. Under Mr. Waters’ leadership, NJAA’s executive director and the government affairs team will be directing strategies that will help decision makers at every level of government understand the significant role the multifamily industry plays in New Jersey. NJAA will be actively lobbying on housing policy and rent control issues.

“For nearly two decades, I have held an active role with the NJAA, and it’s truly an honor to have been elected as the organization’s board president for the next term,” said Mr. Waters. “I am very humbled to represent the state’s multifamily sector, and continue serving as both a mentor to those starting out in the industry and those joining Morgan Properties. I look forward to conversing with peers, residents, and our local government to ensure New Jersey apartment living is safe, clean, and affordable for all New Jerseyans.”

Following the acquisition of Parkview at Collingswood, a 1,030-unit apartment community in Collingswood and one of the largest apartment communities in southern New Jersey, Morgan Properties became the largest multifamily owner/operator in the state.

“As New Jersey’s largest apartment owner and operator, it only makes sense that one of Morgan Properties’ own has a role in the NJAA and leads its efforts to further advance the multifamily industry,” says Jonathan Morgan, president of Morgan Properties JV. “Steve is an integral part of the Morgan Properties team, who has more than 30 years of experience in the business. His induction presents an important opportunity for him to take his expertise and apply it in a way that will implement positive change, and we are proud to support him in his new endeavor.”

About NJAA: The New Jersey Apartment Association (NJAA) is the premier trade association representing all facets of the multifamily housing industry, including market rate and affordable housing owners, managers and developers, as well as suppliers. NJAA’s membership owns and manages over 200,000 apartments, providing quality housing to over one million New Jerseyans.

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 affiliate, Morgan Properties JV own and manage a multifamily portfolio comprised of 150 apartment communities and over 45,000 units located in ten states, primarily in the Mid-Atlantic and Northeast Region. Morgan Properties is currently the 22nd largest apartment owner in the country. The Company prides itself on its quick decision-making ability, strong capital relationships and operational expertise. Learn more at


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