La Jolla, California (May 30, 2019)—Morgan Holdings is celebrating its 60th year in business, spanning three generations of Morgans. The multifamily development company, based in San Diego County, California, has projects across the country built upon one strong principle: family is the foundation.
By the early 1980s, the company, under patriarch Bill Morgan, had amassed a multi-million-dollar portfolio. His sons grew up working on construction sites or collecting rent and eventually took over the operation. “I was very pleased to see my sons follow in my footsteps and continue the family business,” said Bill Morgan, who is now 94. “It fills me with so much pride today as I watch my grandsons do the same.”
His oldest son, Ronnie Morgan, helped grow the business into one of the top 50 private apartment developers in the nation before expanding into other real estate ventures. Over the past 35 years, Ronnie Morgan has been involved in the development of some 15,500 apartment units with a total value exceeding $2 billion.
“My father taught me the importance of hard work, integrity and building quality at a young age,” Ronnie Morgan said. “It was a natural progression to stay in the development business. My sons have the same passion for creating beautiful living environments, and I am gratified they are keeping the Morgan family tradition thriving.”
Ronnie Morgan’s two sons, Ryan and Blake, are part of the Morgan Holdings leadership team, bringing the third generation of developers into the family business.
After graduating from the University of Southern California in 2010, Ryan Morgan co-founded Alegria Real Estate, which bought foreclosed homes in the aftermath of the recession and rented them to families who needed a home, much like the original Morgan did after the war. With over 400 transactions, Alegria became one of the largest buyers of single-family homes in San Diego County.
“I believe in crafting A+ lifestyles for the people living in the apartments and townhomes Morgan Holdings develops,” said Ryan Morgan. “I’m always looking for AAA locations where we can build imaginative and relevant lifestyle experiences.”
Blake Morgan, is now in charge of an infill project in San Diego, California, with nine custom homes he is taking from concept to completion. “I enjoy every aspect of real estate development,” said Morgan, who also is an experienced surfer and professional musician with a private pilot license. “Building unique design features into affordable family living is always my priority.”
For more information, visit morganholdings.com.
