A real estate investment firm with one of the largest multifamily portfolios in the United States is making changes to its executive leadership team.
Conshohocken, Pennsylvania-based Morgan Properties said Wednesday it formally appointed Jonathan Morgan and Jason Morgan to serve as co-CEOs. They follow in the footsteps of their father, Mitchell Morgan, who founded the company in 1985. The company said he continues to serve as chairman.
Several other Morgan executives were elevated to C-suite positions amid the reshuffle, including the Greg Curci, who has been appointed as the company's first chief operating officer, Morgan Properties said.
The high-level personnel moves will position the company to scale, diversify and accelerate strategic initiatives, the company said.
“These leadership changes empower our executive team with more autonomy, enabling us to move faster and continue to act boldly in uncertainty,” Jason Morgan said in a statement.
The Morgan sons take over the large apartment owner amid mixed signals for the multifamily industry. The U.S. multifamily investment market entered 2026 with unmistakable signs of recovery, reflecting a confluence of easing credit conditions, improved liquidity and converging investor expectations, CoStar’s latest report shows.
Mixed signals for market
Also, national apartment rent growth is now expected to increase 0.2% in the first quarter, according to a report released this week by CoStar-owned Apartments.com and CoStar. The forecast by CoStar updated an earlier analysis and included a rosier near-term outlook but the opposite for the second part of the year.
“The revised forecast raises near-term rent growth expectations, reflecting firmer leasing trends and improved demand relative to earlier assumptions,” Grant Montgomery, the national director of multifamily analytics at CoStar Group, said in a statement. “However, projections for the latter part of the year were lowered, as the process of absorbing excess supply is now expected to extend further into 2026.”
Morgan Properties has more than doubled its portfolio during the past five years, it said. It now comprises more than 110,000 units across 22 states and more than half of its holdings are wholly owned. The company ranked third on the 2025 National Multifamily Housing Council's Top 50 Owners list, behind fellow giants Greystar and MAA.
In the past year alone, it added 15 garden-style apartment properties across the country to its portfolio and boosted its Midwest holdings in another transaction that marked one of the largest multifamily deals in the United States of early 2025.
As for Morgan Properties' new co-CEOs, both have long worked at the firm that bears their surname.
Jonathan Morgan had served as co-president of Morgan Properties, overseeing day-to-day operations, acquisitions and capital markets after a stint at Apollo Real Estate Advisors. Jason Morgan also had served as co-president, as well as president of Morgan Properties Special Situations, after working at Sculptor Capital Management, formerly Och-Ziff Capital Management.
In additional executive moves, Morgan Properties promoted
- Stephen Waters to chief capital officer;
- Rimas Petrulis to chief investment officer;
- Marina Dikos to chief financial officer;
- Michael Schecter to chief legal officer;
- Samantha McQuown to head of property management;
- Andrew Orloff to chief strategy officer; and
- Jessica Sachs to chief people officer.