The Michaels Organization is a privately-held family of integrated companies dedicated to excellence in affordable, mixed-financed, military, and student housing. With over 40 years of industry leadership, the organization has developed and managed high-quality residential communities that enhance the lives of residents and enrich communities. Serving more than 100,000 residents in 360 communities across 34 states, the District of Columbia, and the U.S. Virgin Islands, The Michaels Organization offers full-service capabilities in development, property and asset management, construction, mortgage finance, and tax credit syndication.
Key Strategic Focus
The Michaels Organization's strategic focus encompasses several core objectives:
- Comprehensive Housing Solutions: Providing a full spectrum of housing options, including affordable, military, student, and conventional multifamily housing, to meet diverse community needs.
- National Reach with Local Expertise: Leveraging national resources while maintaining deep roots in each community to ensure that developments are tailored to local requirements.
- Financial Stewardship: Utilizing a strong balance sheet and excellent relationships with debt and equity providers to determine the best financial approaches for partners' specific needs.
- Innovation and Sustainability: Embracing innovative solutions and sustainable practices to create communities that stand the test of time.
Financials and Funding
As of December 2024, The Michaels Organization reported annual revenue of approximately $750 million. The organization has raised a total of $4 million in funding, with the latest round occurring on August 24, 2023.
Pipeline Development
The Michaels Organization has a development pipeline valued in excess of $3.5 billion, reflecting its commitment to expanding and enhancing its portfolio of residential communities.
Technological Platform and Innovation
The Michaels Organization employs a range of technologies to support its operations, including:
- Neptune: A platform for managing various aspects of real estate operations.
- Apostrophe CMS: A content management system used for website management.
- Microsoft Excel: Utilized for data analysis and financial modeling.
- Juniper Networks: Provides networking solutions to ensure robust and secure communication infrastructure.
- OWL Carousel: A jQuery plugin used for creating responsive and customizable carousels on websites.
- Microsoft Priority Hints: A feature to optimize the loading of web resources.
- Contact Form 7: A WordPress plugin for managing contact forms.
Leadership Team
The Michaels Organization's leadership team comprises experienced professionals dedicated to the organization's mission:
- Michael J. Levitt: Founder & Chairman.
- Mark Morgan: Chief Executive Officer.
- Matt Sullivan: Chief Operating Officer.
- Joe Purcell: Chief Financial Officer.
- Michael Flanagan: Chief Investment Officer.
- Kimberlee Schreiber: President, Management.
- Joseph Coyle: President, Student Living.
- James Haley: Principal, Urban Practice.
- Milton Pratt Jr.: Executive Vice President, Development.
- Roger Williams: Executive Vice President, Affordable Operations.
- Ned Williams: Executive Vice President, Development.
- Don Miller: Executive Vice President, Management.
- Sherri Farris: Executive Vice President, Military Operations.
- Erik Roberson: Executive Vice President, Investment Management.
- Cheree Lujan: Executive Vice President, Student & Market Operations.
- Jonathan Lubonski: Senior Vice President, Development.
- Brandon Hegland: Senior Vice President, National Marketing and Leasing.
- Cristhian Codorniu: Senior Vice President, Capital Markets & Finance.
- Kunal Chothani: Vice President, Acquisitions.
- Laura Zaner: Vice President, Marketing.
- Donna-Jean Loder: Vice President, Information Technology.
- Kristy Calo: Vice President, Human Resources.
Competitor Profile
The Michaels Organization operates in the real estate industry, focusing on affordable, military, student, and conventional multifamily housing. Key competitors include:
- Hobby Lobby: A major arts and crafts retailer with over 900 stores across the United States.
- Jo-Ann Stores: Specializes in fabrics and crafts, operating more than 850 stores nationwide.
- A.C. Moore: Formerly a competitor in the arts and crafts retail industry until its closure in 2019.
- Walmart: A general retailer offering a substantial selection of craft supplies and home décor items.
- Amazon: An e-commerce giant providing an extensive range of arts and crafts supplies.
- Target: A general retailer with a variety of arts and crafts supplies and home décor items.
- Independent and Local Craft Stores: Smaller retailers offering unique, niche products and personalized shopping experiences.
Strategic Collaborations and Partnerships
The Michaels Organization has established partnerships with various entities to enhance its service offerings and market position. These collaborations include working with third-party vendors and suppliers to provide a diverse range of products and services to its residents.
Operational Insights
The Michaels Organization's strategic considerations include:
- Market Position: As a national leader in residential real estate, the organization leverages its extensive experience and comprehensive service offerings to maintain a competitive edge.
- Competitive Advantages: The organization's integrated approach, combining development, property management, construction, and financial services, provides a unique value proposition.
Strategic Opportunities and Future Directions
The Michaels Organization's strategic roadmap includes:
- Expansion: Exploring opportunities to develop new communities and enter new markets to serve a broader resident base.
- Innovation: Investing in technology and sustainable practices to enhance operational efficiency and community impact.
- Community Engagement: Strengthening partnerships with local organizations and stakeholders to support community development initiatives.
Contact Information
- Website: tmo.com
- LinkedIn: The Michaels Organization
