Pennsylvania-based Morgan Properties, one of the nation’s largest owners of multifamily housing, has made a series of C-suite appointments to accelerate its next phase of growth. Jonathan and Jason Morgan have been named co-CEOs, formalizing the leadership roles they have long held in guiding the company’s strategy, investments, and operations. Founder and CEO Mitchell Morgan will remain as chairman.
Over the past five years, under Jonathan and Jason Morgan’s leadership, the company has more than doubled its portfolio, comprising over 110,000 multifamily units across 22 states. They also have led the expansion into being a capital provider, deploying $2.5 billion in equity across various credit strategies since 2017.
“Our father built this company with a focus on drive, determination, and entrepreneurial grit,” said Jonathan Morgan, who has served as co-president of Morgan Properties and president of affiliate Morgan Properties JV, overseeing day-to-day operations, acquisitions, and capital markets. “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.”
Jason Morgan has served as co-president and president of Morgan Properties Special Situations, which specializes in sourcing, underwriting, and executing multifamily acquisitions, fixed-income securities, and debt investment opportunities.
“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,” he added. “These leadership changes empower our executive team with more autonomy, enabling us to move faster and continue to act boldly in uncertainty.”
In addition to the co-CEO appointments, Morgan Properties has named its first chief operating officer, Greg Curci, and elevated seven leaders to C-suite positions to help formalize the leadership team and enable streamlined decision-making. The executive promotions include 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.
Morgan Properties ranked No. 3 on the National Multifamily Housing Council’s 2025 list of top apartment owners with nearly 97,000 units at the start of last year. The firm boosted its portfolio with two major acquisitions in 2025, which marked its 40th anniversary. It surpassed the 100,000-unit market in the spring with the acquisition of an 11-asset Midwest portfolio with 3,054 units from Trilogy Real Estate Group. The firm then closed the $354 million acquisition of Dream Residential REIT in November. This resulted in the privatization of the publicly traded Canadian REIT, while adding 15 communities with 3,300 units across key metros in Kentucky, Ohio, Oklahoma, and Texas.