Business Details
50+ Years
experience
Premier Multifamily Housing Development & Management
For over five decades, our organization has dedicated itself to designing, building, and managing rental communities that empower residents to achieve prosperous lives. We specialize in multifamily housing solutions across affordable, attainable, market-rate, student, and military sectors. Our approach combines national resources with localized expertise, ensuring each community thrives through collaboration with stakeholders and long-term commitment to property and neighborhood success. With a portfolio spanning 39 states, Washington D.C., and the U.S.Virgin Islands, we maintain a steadfast focus on innovation, sustainability, and social impact. Our team of seasoned professionals delivers tailored housing solutions that address diverse needs, from deep-subsidy public housing to high-end market developments, while prioritizing resident well-being and community enrichment.
Services
Affordable Housing
Attainable Housing
Market-Rate Housing
Student Housing
Military Housing
Details
- Year established: 1973
Highlights and features
- We offer 50+ years of expertise in multifamily housing development and management.
- Our national strength combines with localized community knowledge for tailored solutions.
- We provide comprehensive services from development to property management under one roof.
- Our financial stewardship ensures sustainable housing solutions for diverse income levels.
- We maintain a 98% resident retention rate through exceptional community programming.
Services
Affordable Housing
We develop and manage affordable housing communities that address critical needs for low-income residents. Our expertise spans tax credit programs, mixed-income developments, and neighborhood revitalization initiatives. With over 600 communities nationwide, we ensure long-term affordability through strategic partnerships and compliance with regulatory standards while maintaining high-quality living environments.
Student Housing
Our student housing solutions include on-campus and purpose-built off-campus communities designed for academic success. We offer P3 partnership models, modern amenities, and cost-effective designs tailored to university needs. With dedicated management teams, we ensure safe, convenient living spaces that enhance student experiences while meeting institutional housing goals.
Military Housing
We create award-winning military housing communities that provide stable homes for service members and families. Our Community Connections program facilitates local integration through business partnerships. Specializing in privatized housing developments, we combine residential quality with support services that address the unique needs of military personnel across bases nationwide.
Market-Rate Housing
Our market-rate housing developments deliver modern living spaces tailored to urban and suburban markets. We offer diverse unit designs from micro-units to penthouses, focusing on lifestyle-aligned amenities and competitive pricing. Through strategic renovations and new constructions, we create high-demand communities with strong resident retention and asset value appreciation.
Attainable Housing
We develop attainable housing solutions for middle-income earners priced out of traditional markets. By leveraging mixed-financing models and innovative design, we create communities that bridge affordability gaps without subsidies. Our partnerships with municipalities and corporations ensure housing accessibility for essential workers in high-cost areas.
People
Michael J. Levitt
Founder & Chairman
Founded Michaels in 1973 as a four-man operation. Now leads the nation's largest private affordable housing owner. Established the Michaels Educational Foundation in 1993, matching donations 2:1. Inducted into Affordable Housing Hall of Fame in 2012.
Mark Morgan
Chief Executive Officer
CEO overseeing $12B assets and 200,000+ residents across 600+ communities. Leads all aspects of housing development, construction, and property management operations nationwide while maintaining focus on organizational growth and strategic direction.
Matt Sullivan
Chief Operating Officer
Manages property operations, risk management, and corporate support functions. Oversees asset management platforms and ensures operational efficiency across Michaels' national portfolio while maintaining focus on resident satisfaction and community standards.
Joe Purcell
Chief Financial Officer
Directs financial operations and transaction structuring. Ensures preservation of affordable housing portfolios while serving on industry boards including Affordable Housing Tax Credit Coalition and Better Tomorrows initiatives.
Kimberlee Schreiber
President, Management
Leads property management operations for Michaels' entire portfolio. Brings 30+ years of experience managing diverse housing types including affordable, workforce, and market-rate communities across the United States.
Questions
What types of housing communities do you develop?
We develop affordable, attainable, market-rate, student, and military housing communities nationwide, offering comprehensive solutions from single tax credit developments to large-scale mixed-income neighborhoods.
How do you ensure long-term community success?
Through local stakeholder collaboration, financial stewardship, and property management expertise, we implement tailored strategies that maintain community standards and resident satisfaction for decades.
Do you offer student housing solutions?
Yes, our Student Living division provides on-campus and purpose-built off-campus housing with P3 partnership options, designed to meet universities' specific needs and student affordability requirements.
What makes your military housing unique?
Our military housing includes the Community Connections program that partners with local businesses to help families integrate quickly, creating welcoming environments that feel like home for service members and families.
How do you address workforce housing challenges?
We create attainable housing through innovative financing and design strategies that make housing accessible to middle-income earners who don't qualify for traditional subsidies, working with municipalities and corporations.
Where are your properties located?
Our communities span 39 states, Washington D.C., and the U.S. Virgin Islands, with property management services extending to both urban and rural locations nationwide.
