Mark Morgan Named President of Interstate Realty Management

By Anuradha Kher, Online News EditorMarlton, N.J.–Interstate Realty Management Company (IRM), a property management firm and an affiliate of the Michaels Organization, has appointed Mark Morgan, CPM as president. Morgan succeeds James Henderson, who retired as IRM President in October 2008, after 26 years.Morgan, a 24-year veteran of the company whose first job was on-site leasing specialist, will oversee a portfolio of more than 33,000 apartment homes at 250 communities in 26 states, Washington D.C. and the U.S. Virgin Islands.“Morgan brings tremendous knowledge of every facet of our operations to his new role as president of Interstate Realty Management,” says John O’Donnell, chief operating officer and executive vice president of the Michaels Organization. “His solid experience with us is a significant advantage, but so is his commitment to ongoing innovations that create value for our residents, our partners, our lenders and our investors.”Headquartered in Marlton, N.J., Interstate Realty Management manages mixed income, market-rate, and affordable apartment communities, including Low-Income Housing Tax Credit and Section 8 properties. Before assuming the role of president, Morgan served as vice president of Asset Management for the Michaels Organization. In that position, Morgan was responsible for the acquisition of new assets and the disposition and recapitalization of the existing Michaels portfolio. Prior to that, Morgan served as a regional vice president for IRM, supervising a portfolio of more than 50 properties.  As a Certified Property Manager (CPM) through the Institute of Real Estate Management (IREM), Morgan has held numerous positions within the Southern New Jersey Chapter of IREM including president in 1996, the year that Chapter earned a national “Chapter of the Year” award.