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Stock impact report

This Ex-Shoe Salesman Built A $5.5 Billion Fortune In Aging Apartment Buildings [Forbes]

Mid-America Apartment Communities, Inc. (MAA) 
Last mid-america apartment communities, inc. earnings: 1/29 04:16 pm Check Earnings Report
US:NYSE Investor Relations: ir.maac.com
Company Research Source: Forbes
By Giacomo Tognini , Forbes Staff I t's two hours before the inauguration of his firm Morgan Properties' gleaming new headquarters in Conshohocken, Pennsylvania and Mitchell Morgan still hasn't cleared out his old office. Walking past rows of empty cubicles, the 70-year-old real estate mogul sits down at a round table next to a desk cluttered with awards and piles of papers. He pulls out a weathered document from 1985, a bond offering for his first deal to buy three apartment buildings, including one visible from the window of his soon-to-be-vacated office in the Philadelphia suburb of King of Prussia. “I just found this, I was cleaning out my office yesterday," he says, despite there being little evidence of any packing. “I borrowed $55 million and I was off to the races. I owned 1,400 units, three apartment complexes. This is one of them." These days his Morgan Properties spans more than 95,000 units across 19 states. About half of those are majority-owned by the firm, Show less Read more
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