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.
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.
Morgan's acquisition strategy is to acquire well-located multifamily properties that will produce cash flow and provide strong capital appreciation potential. As a vertically integrated multifamily firm, our first-hand, local real estate expertise enables us to access quality multifamily investment ideas with the goal of providing our partners with superior risk adjusted returns.
Our management philosophy? Treat our clients' properties as we do our very own. MORGAN's boutique-like property management creates more value for the investor, and resort-style service customized for residents. The difference is in our philosophy and approach. MORGAN's nearly 50 years of property management experience results in above-average performance, rents, resident and associate retention, most importantly, greatly increased values of the real estate. We invest in talented people that offer our MORGAN-managed properties the benefits of tenure and experience both in the corporate office and on site.
Time Is Money...Problems Solved In Real Time. At MORGAN, we understand that time is of the essence. Our lean organization gives us the ability to quickly move information from the source to the decision maker. Rather than spend an inordinate amount of time on redundant reporting, conference calls, and meetings, we focus on the best ways to service our residents, associates, and owners.
A Custom Design...Specialized Strategies designed to Meet your Specific goals. We have industry professionals in-house with a host of diverse qualifications. Maintaining an experienced team with many diverse skills enables us to provide dynamic solutions for our clients. Our large scope of services supplies many tools which can be utilized to increase the value of our clients' assets.
Private And Customer Focused...Your Business Matters. At MORGAN, we believe that business is done on a personal level. As a private company, we take pride in the personalized service we provide each one of our clients. Unlike the one size fits all approach found at larger companies, we have the talent to meet the needs of our individual clients and the flexibility to grow along with them.
Innovative... Unique Solutions For Unique Clients. MORGAN has a reputation in the multifamily industry for being a leader who sets the trends of tomorrow. Our innovative culture is another asset offering a competitive advantage to our clients. It allows us to create the appropriate solution to meet the individual needs of our clients and their assets. We like to think of ourselves as an extension of the owner, and we take pride in our ability to harness their vision, polish it, package it, and perform beyond their expectations.
Tenured Professionals... Industry Leaders And Pioneers Of Change. Our average tenure well exceeds industry averages. Employee retention is essential for providing continuity of service to our clients, as well as eliminating the large cost of constantly hiring and training new employees. MORGAN's reputation as an excellent place to work attracts top talent who are experts in our markets. As members in multi-family real estate associations both locally and nationally, our associates remain at the forefront of the ever changing market dynamics.
Environmentally Conscious... Conservation Is Our Priority. We make every effort to instill "green" practices that improve not only the environment, but also the bottom line. In today's environmentally conscious society, a "green" community is an amenity sought after by both potential residents and potential investors. At MORGAN, we want to be part of the solution to the environmental challenges we face today.
Quality of Clients... Not quantity of clients. We are selective in our decision to secure more clients. The current economic environment has taught us that bigger is not always better. We would rather do an excellent job focusing on fewer properties than a mediocre job managing an enormous portfolio. Our Regional's manage on average five properties,which is below the industry norm.
Proactive... Less bureaucracy provides more opportunity. We are not bogged down by the common inefficiencies found at large corporations such as redundant reporting, unnecessary emails, and layers of approvals. Insistence on procedure creates resistance to change, even when it is in the best interest of the asset. We are driven by results rather than processes. At MORGAN, we would prefer our associates to spend more time focusing on your asset instead of duplicating reports.
• Deliver the best in luxury, convenience, technology, environmental awareness and customer service.
• Responsibly manage our financial resources by fostering valued and trusted relationships with capital partners, adapting to ever-changing market conditions, maintaining a disciplined underwriting approach, and practicing sound accounting principles.
We provide employees with the freedom, opportunity, and resources needed for both personal and professional growth.
Investors&Partners
We are committed to exceeding the expectations of investors and strategic partners through dedication, transparency, and focus on results.
QualityService
Our approach to serving our internal and external customer incorporates the highest standards for excellence and quality.
Future
All our decisions are made with a long-term vision in mind. We are here for the whole marathon, not just for a sprint.
HighestStandards
Commitment to integrity, trust, honesty, ethics, and professionalism are the foundation for all that we do.
Explore Our History
Wolf "Yossella" Margulies Born in PolandMorgan'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 to mark the beginning of World War II.
Bill Morgan Buys a Diner in HoustonAfter 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.
Bill Morgan Marries Shirley Grace FallasInspired 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.
Founded Globe Construction and Management CompanyThis 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.
The Second GenerationIn 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.
Legacy Lives on in MORGANIn 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.
