Morgan Properties Names Co-CEOs
The company’s founder will continue to serve as chairman.
Jonathan and Jason Morgan have been appointed the co-CEOs of Morgan Properties, taking over from their father, Mitchell Morgan, who will continue at the company as chairman.
The brothers have served as co-presidents of the firm since 2024, according to Forbes, where they handled most day-to-day operations. The elder Morgan, 71, told the outlet that he estimated he had recently been spending only 15 percent of his time on the real estate company.
“Our primary focus is to sustain the momentum we’ve built while preserving the entrepreneurial spirit our father embedded in Morgan Properties from day one,” the brothers told Multi-Housing News in a joint statement.
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The new leaders added that they aim to expand beyond the 22 states the firm is currently active in, while focusing on workforce housing to maintain attainability.
“While much of the industry is focused on new development or luxury assets, we believe the greatest long-term opportunity is in buying existing assets, investing in them and institutionalizing management,” they said.
Jason’s work at Morgan has focused on debt investments, credit and recapitalizations, while Jonathan launched the company’s joint venture division in 2011. Jason, 35, joined Morgan in 2017 after working at Sculptor Capital Management, while Jonathan, 40, arrived in 2009 from Apollo Real Estate Advisors.
In addition to the brothers’ promotion to co-CEOs, Morgan Properties also announced several other executive promotions. Among them, the firm will now have its first chief operating officer, with Greg Curci stepping into the role.
Steady growth over decades
The elder Morgan founded Morgan Properties in 1985, growing the business from a small organization in Philadelphia to one that now owns more than 110,000 units. Morgan Properties placed third on MHN’s 2025 top apartment owners in the U.S. ranking, with a total portfolio value just shy of $19 billion.
In August 2025, the firm acquired Dream Residential REIT, a Toronto-based owner of garden-style properties in the Sun Belt and Midwest, in a $354 million all-cash deal. With the transaction, Morgan added 15 middle-income properties totaling 3,300 units across four states—Texas, Ohio, Kentucky and Oklahoma—to its portfolio.
A few months earlier, Morgan paid $501 million to purchase a portfolio of 11 Midwestern properties totaling 3,054 units. Trilogy Real Estate Group was the seller in that transaction, which officially brought Morgan’s units under management over the 100,000-mark.
