Commitment to People.
It all starts with the people! We take pride in building an outstanding team from top to bottom, with an emphasis on putting our customers first and having fun in the workplace.
Morgan has fostered valuable relationships and strategic partnerships for over 60 years and attributes much of its success to its family values and entrepreneurial, team-oriented culture.
It all starts with the people! We take pride in building an outstanding team from top to bottom, with an emphasis on putting our customers first and having fun in the workplace.
As a team, it is Morgan’s mission to:
These values are at the root of our success. How we hire, reward, and evaluate team members.
Morgan’s roots date back to 1925 when Wolf ‘Yossela’ Margulies was born in a small, impoverished village in southeastern Poland called Czerniejow. Yossela was only 14 when the Nazis first invaded Poland in the fall of 1939, marking the beginning of World War II.
After a short stint working at Foley’s, Morgan quickly decided he would go into business for himself. He became a serial entrepreneur and first bought Quik Snak, a convenience store that was located downtown on Texas and Caroline. Morgan was successful with Quik Snak and sold it for a profit two years later.
Inspired to meet Roy Rogers, Willie saved up $200, purchased a Cadillac, and headed to Texas. He was in Houston when his car broke down and he found work at a department store called Foley’s as a salesman. In Houston, he changed his name one final time to William (“Bill”) Jacob Morgan. Bill was unable to find Roy Rogers in Houston, but instead he ended up meeting his wife, Shirley.
This was Morgan’s first foray into real estate investment. Morgan spent a lot of time studying local developers and in 1959, he founded Globe Construction and Management Company and began his first project, building 3 houses in Northeast Houston. He rented the homes on a weekly basis, would collect rent on the weekends and go back to construction during the week.
In 1987, Bill’s two oldest sons Mike and Ronnie incorporated Morgan, Inc. (MGI). The two became 50/50 partners with Mike finding sites and handling the development and construction and Ronnie handling property management, personnel, legal and worked with Mike on deal financing. From 1987 to 2010, they grew MGI to become a multi-billion dollar, national real estate company that developed over 15,000 institutional-quality units across 9 states with a total value of $2.5B.
In March 2011, Mike purchased Ronnie’s stock in Morgan, Inc. and rebranded the company Morgan. Today, Morgan has a portfolio value of $1B and has a $350M development pipeline. The work ethic and conservative principles instilled in the company by Bill Morgan remain an integral part of Morgan’s DNA and culture.
As the new CEO, Philip Morgan represents the 3rd generation of Morgans to lead the company.
Philip Morgan rolled out the Morgan Family DE&I Mission Statement in January of 2021.
Added more Council Members to the Committee to gain broader representation to carry out the DE&I mission.
Morgan, Inc. partnered with Consultant from the National Diversity Council.
Added additional floating holidays so employees can take a day off and celebrate what is important to them as an individual.
Rolled out DE&I Education for all team members.
Continually posting all job openings internally.
Site selection is the most important ingredient in the development business. By combining great locations with the vision of Morgan’s experienced development team, Morgan has a proven track record of providing above market returns on its developments. Morgan entered the multifamily development business in 1988 with its first community in Houston, Texas. Since 1988, we have focused on large metropolitan markets that generate jobs and, therefore, household formations. Morgan has successfully developed 16,000 units representing $1.9 billion in total costs across ten states. As of Summer 2015, Morgan has over $450 million representing 2,200 units under construction and is actively seeking development opportunities in Texas, Florida, California, and Colorado.
Morgan builds its own product allowing it to maintain control of quality, budgets and schedules. We recognize the importance of local market construction knowledge, and we maintain construction supervision in each of our markets. The hallmarks of Morgan’s construction team are its ability to enter into a project with a budget that works and a level of quality that is second to none.