MORGAN Announces Executive Crew Promotions | Business & Finance

Mike Morgan stays Chairman of MORGAN and Philip Morgan CEO, although Stan Levy carries on as Chief Running Officer and Chief Monetary Officer.

“One of our plans at MORGAN has been to make bench strength so we can advertise from within,” Alan Patton reported. “I am incredibly pleased to say that each of these promotions fulfills that goal. We have labored on our succession scheduling for various several years now. It’s time for Evan to presume the important function of President and assist lead this wonderful organization into the long run. Evan, alongside with Philip, will lead MORGAN to increased heights than we have witnessed before.”

Alan Patton, Vice Chairman

Below Alan Patton’s leadership since 1998, MORGAN has formulated over 17,000 units at a value of extra than $2.5 billion. In addition to Vice Chairman of MORGAN, Alan serves as Chairman of the Financial investment Committee involved in all elements of progress and development nationally, as perfectly as the Government Committee. As an unbiased director, Alan was Chairman of the Board of Directors of Monogram Residential Belief (NYSE organization “More”) until eventually its sale to Greystar in 2017.

Previous working experience incorporates Senior Handling Director at Hines, exactly where he commenced the firm’s nationwide multifamily platform in 2011, and running director of the Chase Bank of Texas Realty Advisory Team. During Alan’s eight-12 months tenure, he designed and managed Chase’s True Estate mezzanine financing solution and worked in the Actual Estate Exercise routine/Restructuring Team. He began his profession at Miner-Dederick, a Houston-based large increase contractor. On the Board of the National Multi Housing Council and a council member of the City Land Institute (ULI), Alan has an MBA and BS in Finance from the University of Houston – Distinct Lake.

As President of MORGAN, Evan Schlecker manages the company’s threat, overseeing development and building things to do nationwide. He serves on MORGAN’s Executive and Investment Committees. Because becoming a member of the business in 2012, Evan has been involved in the progress and acquisition of in excess of 7,000 units at a cost exceeding $1.8 billion. Prior to MORGAN, he co-started BlueRoot Associates to take edge of options to purchase distressed authentic estate. Evan commenced his profession at Torchlight Investors (f/k/a ING Clarion) restructuring non-doing professional real estate.

Earning a Bachelor of Science in Economics from The Wharton College at The University of Pennsylvania with concentrations in authentic estate and finance, he is an accredited LEED professional, a member of the ULI and the National Multifamily Housing Council (NMHC), and on the Multifamily Management Board for the National Association of Property Builders (NAHB).

“I’m grateful for the self confidence the Executive staff and Morgan family have demonstrated me,” Evan reported. “I search ahead to continuing the Morgan tradition of excellence in terms of our tradition, our crew associates, and the quality of our projects. As a vertically integrated firm, our competitive advantage is regular collaboration between our development, operations and development teams. My concentrate will be to persuade a strong movement of conversation and monitoring of classes figured out so we can continuously set the bar increased to advantage all stakeholders.”

Shelley Watson, Government Vice President, Operations

Shelley Watson is dependable for MORGAN’s Assets Administration, Accounting and Human Assets functions as Govt Vice President of Functions. Signing up for the company in January 2014 as Senior Vice President of Countrywide Property Management, she been given MORGAN’s greatest honor, the Invoice Morgan Award, in 2017. In addition, she chairs the company’s Management Committee and is a member of the Diversity and Inclusion Committee. Prior to joining MORGAN, Shelley was a Running Director with Greystar in Austin where she used six a long time and was responsible for 12,000 models. Her a lot more than 25 several years of multifamily knowledge includes supervision of 3rd-social gathering belongings with Riverstone and Alliance, as perfectly as regular, benefit-add renovations, senior housing, repositions, and new construction lease-ups.

She retains a Bachelor of Arts diploma in Journalism from the University of Louisiana – Monroe. A Houston Condominium Association Board member because 2017, Shelley serves as Vice President at Significant for the HAA, as properly as a Delegate for the Texas Apartment Affiliation and a member of CREW Houston. HAA named her Leading Govt of the Year for 2020.

“Shelley Watson has performed a remarkable occupation of increasing and primary our residence administration section,” Alan claimed. “The number of units we at present regulate is at an all-time high, and we could not have performed that with no Shelley’s management and the aid of our operations group. Our 2021 pipeline will increase the business enterprise even additional. This promotion will empower extra of the enterprise to profit from Shelley’s strategic and organizational leadership skills, while Joe Arentz methods up to assume some of her day-to-day residence administration obligations.”

Joe Arentz, Senior Vice President, Countrywide Residence Administration

Joe Arentz joined MORGAN in 2018 with additional than 25 a long time of encounter in multifamily property management, spanning traditional, reasonably priced and university student residence varieties, specially Course A growth, mid-increase and significant-increase building. Specializing in lease-up, assets repositioning and brand name administration, he has improved his foundation of understanding to incorporate sector analysis, because of diligence, new construction feasibility, internet marketing strategy and maximizing operational effectiveness. In addition to residence management expertise with Greystar True Estate Partners and Riverstone Household Team, Joe’s expertise includes positions inside the marketing and advertising consulting and advertising sectors of the multifamily business. As MORGAN’s new Senior Vice President of Nationwide Residence Administration, Joe will be responsible for the company’s house administration platform across the nation.

Morgan Team (“MORGAN”) is a vertically integrated, third era relatives company that invests in multifamily housing as a result of improvement and acquisitions in significant expansion US marketplaces. In its record, MORGAN has created or acquired over $3 billion of multifamily property, consisting of above 20,000 units. At the moment, the company’s owned and managed portfolio is composed of far more than 10,000 units across Texas, California, Arizona, Colorado and Florida. MORGAN has been headquartered in Houston given that 1959 and at the moment has regional offices in Austin, Denver and Miami. In 2019, the Houston Chronicle ranked MORGAN the #1 medium sized business to do the job for and in the top rated 5 for 2020. In addition, MORGAN been given the “Most Appreciated Award” of all Houston organizations in 2020. On the national amount, MORGAN positioned in the Fortune 100 for 2020 and has been nationally certified as a “Good Location to Work” for two consecutive years. MORGAN has fostered important relationships and strategic partnerships all over its 60-calendar year historical past and attributes considerably of its accomplishment to its loved ones values and entrepreneurial, crew-oriented culture. For a lot more facts about MORGAN, check out www.morgangroup.com.

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PUB: 01/27/2021 03:36 PM/DISC: 01/27/2021 03:36 PM