The Ledger / Mitchell Morgan
Mitchell Morgan
◼ Origin
Mitchell Morgan graduated from Temple University with a BS in Accounting (1976) and a law degree (1980), then founded Morgan Properties in 1985 with no documented inherited capital. The firm grew through leveraged acquisitions to become the third-largest multifamily owner in the US, with 350+ communities and 100,000+ apartment units across 22 states valued at $17B+ in assets.
◼ Self-Made Verdict — YES
Founded Morgan Properties in 1985 from a professional services background with no documented inherited capital or family business connection. Growth achieved through leveraged real estate acquisitions over four decades.
◼ Documented marks
01
Founder and chairman of Morgan Properties — 350+ apartment communities, 100,000+ units, 22 states, $17B+ AUM; the largest apartment owner in Pennsylvania, Maryland, and New York.
02
Transitioned Co-CEO roles to sons Jonathan and Jason Morgan; family-controlled private firm.
03
Named in the New Jersey Attorney General's April 2025 federal antitrust lawsuit against RealPage and 10 major landlords, alleging coordinated rent-raising via shared non-public pricing data.
04
New Jersey Supreme Court ruled in Green v. Morgan Properties that charging tenants a flat $400 attorney fee in eviction proceedings violated NJ court rules prohibiting fee-splitting (2013).
05
Maryland class action (2018) alleged systematic illegal fee charges plus deliberate misapplication of payments to maximize late fees — a documented fee-stacking scheme.
No inheritance, or primary accounts documented for this billionaire yet.
◼ List of charges
Total sentence
0–0 years
That is
0.0–0.0 life sentences
(using 78 years as one life)
These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.
More ledger entries