January 2023

12C — January 2023 — Owners, Developers & Managers — M id A tlantic Real Estate Journal


P eople on the M ove

Morgan Properties wins 144 awards in 2022

HILADELPHIA, PA — The Martin Archi- tectural Group has P Firm has elected to elevate Jaime Esbensen-Kelly The Martin Architectural Group adds new principal

Morgan Properties took home multiple real estate industry awards including GlobeSt’s In- fluencer in Multifamily award. Multi-Housing News selected Morgan Properties for its Top Property Management Firm and Top Owner lists, earn- ing spots #6 and #7 respec- tively. The company was also one of two finalists for the Institute of Real Estate Management’s (IREM) Real Estate Management Excellence Awards. In terms of recogni- tion as a top employer, Morgan Properties was awarded the #6 spot for the 2023 Best Places to Work in Multifamily and received its first Top Workplace Culture Excellence Award for Professional Development; as well as individual recognition in the Philadelphia, Baltimore, and Rochester regions. In addition to real estate- focused awards, Morgan Prop- erties received accolades for individuals who demonstrated leadership and a tireless com- mitment to the multifamily industry. Notably, both Jona- than Morgan , president of Morgan Properties JV, and Jason Morgan , president of Morgan Properties Special Sit- uations and principal, earned national and local recognition for their dealmaking prowess. Jonathan was a Philadelphia Business Journal Dealmaker of the Year finalist and Jason was a GlobeSt. 50 Under 40 hon- oree. Brian Turner , facilities area vice president at Morgan Properties, won Multi-Housing News’ gold award for the Facili- ties and Maintenance Manager of the Year, and Robin Stein , associate general counsel at Morgan Properties, was a Roch- ester Business Journal Legal Excellence Award winner for In-House Counsel. MAREJ

KING OF PRUSSIA, PA — Morgan Properties an- nounced it earned a total of

ing the principals to focus on efficiencies, communications, and business decisions. As an Associate at The Mar- tin Architectural Group, Es- bensen-Kelly primarily over- sees complicated mixed-use projects in the commercial division and provides team leadership and coordination on multifamily community projects. She actively manages a variety of commercial devel- opments, retail and tenant fit out projects from conception to completion. Esbensen-Kelly helps lead the Martin Architec- tural Group teams with techni- cal knowledge, internal staff development seminars, along with design support and imple- mentation within the firm. This work shall continue, and shall expand with her new role. Prior to joining The Martin Architectural Group, Esbensen- Kelly worked at Phillip D. Kunz

Architects for 16 years where she worked on a wide range of commercial, institutional, retail, healthcare, and custom residential projects through all phases of development not only the shell of the building, but also the interior architecture. The small size of this firm re - quired her to be involved in all aspects of the business, provid- ing a strong platform for her work at Martin. After graduating from Phila- delphia University with a Bach- elor of Architecture degree, she quickly pursued and received an architectural license. As a Registered Professional Architect in PA and NJ, along with over 20 years of profes- sional experience and leader- ship she is well positioned to continue the succession path at the Martin Architectural Group and lead our team for many years to come. MAREJ community and industry leaders to nurture future business investments. “Chris has brought an unpar- alleled work ethic and energy to our organization,” said John Gilliland , CEO. “His tireless pursuit of our vision and goals has fueled our phenomenal growth over these last four years. There is no doubt that he has earned this promotion, espe- cially as we continue to scale our operations. Well done, Chris!” Riley brings more than 25 years of commercial and resi- dential real estate experience in both the public and private sectors. MAREJ Prior to joining Bancroft, Racca served as a director and chief operating officer in the Christina School Dis- trict, providing leadership for major divisions. Racca is a graduate of the University of Delaware (MA, Urban Affairs and Public Policy / Specialization in Historic Preservation) and the University of North Carolina, Charlotte (BA, Architecture). She is also a registered Architect (Dela- ware and Pennsylvania) and is ICRA certified. MAREJ

144 award wins in 2022. The company received rec- ognition for its notable achievements from nation- al, regional, and real es- tate organizations.

elected to el- evate Jaime Esbensen- Kelly from associate to the position of principal. Esbensen- Kelly, since joining the firm five years

Jonathan Morgan

On a regional scale, Morgan Properties earned a total of 133 awards for its excellent leasing, maintenance, marketing, man- agement, and service from the following associations: • Delaware Apartment Asso - ciation (DAA) • Greater Charlotte Apart - ment Association (GCAA) • Maryland Multi-Housing Association (MMHA) • Northern Ohio Apartment Association (NOAA) • Pennsylvania Apartment Association (PAA) • Property Management As - sociation (PMA) – Metro DC “Our mission at Morgan Properties is to enhance the lives of our residents by pro- viding exemplary service, a best-in-class living experience, and a place to call home for both our thousands of residents and our 2,300+ employees,” said Greg Curci , executive vice president of operations for Morgan Properties. “These awards are a testament to our company’s deep commitment to elevating the living experience and customer service at all of our 350+ communities and to our teams for demonstrating our PRIDE values every day. We are immensely proud of our accomplishments in 2022 and anticipate another successful year ahead.”

Jaime Esbensen- Kelly

ago has exponentially pushed our team forward in technical and collaborative coordination methods. She has emerged as a natural leader, demonstrating respect for all opinions, while selecting and articulating clear directions of decisions. Never one to shy away from a challenge or oppor- tunity, Esbensen-Kelly has accepted the promotion and the tasks before her by join-

YORK, PA — Investment Real Estate, LLC (IRE) announced the promotion IRE promotes Christopher Riley to president & COO top-performing teams in all areas of IREGC’s operations and support services. Riley also simultaneously arranged financing for all acquisitions and worked closely with all investors to complete 50 asset purchases since his start.

of Christo- pher Riley to president & COO of the Investment Real Estate Group of Companies (IREGC) . R i l e y

As president & COO, Riley will continue to drive the growth and profitability of IREGC. He will work closely with the CEO and Board of Advisors to pursue the goals of IREGC and ensure compliance with IREGC’s stated mission. Chris will also continue to work to cre- ate relationships with the

Christopher Riley

joined the IREGC as CFO & COO in 2018. Since then, Riley has overseen the more than doubling of the entire IREGC operations. He has played an integral role in building

Bancroft announced that Mike Petka has been pro- moted to VP of operations. Bancroft Construction promotes Petka & Racca role, she has been respon- sible for providing leader- ship for project teams while ensuring clients’ goals are in clear focus. Petka is currently on the board of the Delaware Contractors Association. In his role

Marchetto Higgins Stieve Architects now MHS Architecture

Petka joined Bancroft in 2000 as a project en- gineer and has received many nota- ble promo- tions due to his exempla-

we’re excited to recognize and support the amazing talent that will drive our firm’s ad -

HOBOKEN, NJ — Mar- chetto Higgins Stieve Ar- chitects will now do business

as VP of preconstruc- tion, Petka has been in- strumental in executing strategic ini- tiatives that have posi-

vancement, boost the integration of emerging technologies into our de- sign process, and expand our body of work to in-

as MHS Ar- chitecture . Established

in 1981 by founding prin- cipal Dean Marchetto, FAIA, the company has grown to more than 40 architects.

Kelli Racca

Mike Petka

tively impacted Bancroft’s sales growth in our geo- graphic markets. Bancroft also announced that Kelli Racca, AIA , as Petka’s successor as VP of preconstruction. Racca joined Bancroft in 2015 as a project executive. In this

ry performance and ability to advance the professional development of his teams. His promotions include se- nior project manager, and, most recently, VP of precon- struction. A graduate of the University of DE (B.S., Civil Engineering),

Michael Higgins

Dean Marchetto

clude larger and more complex projects,” said MHS Architec- ture managing principal Mi- chael Higgins, AIA LEED AP . MAREJ

“These skilled and passion- ate professionals have all contributed to the growth and success of the company, and

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