Morgan Properties Partners with Sixers Innovation Lab Crafted by Kimball

9/27/17

Morgan Properties and Sixers Innovation Lab unite to support entrepreneurial spirit in New Jersey

Morgan Properties, one of the country’s largest real estate investment and management companies,has partnered with the Sixers Innovation Lab Crafted by Kimball to provide free housing for members of the inaugural startup companies. The complimentary stay includes access to the apartment community’s outdoor swimming pool and volleyball court, fitness center, tennis courts, park and playground, miniature golf course, dog park, and basketball court. The property is located within a 20-minute drive to the Innovation Lab and offers easy access to public transportation.

As part of the partnership, Morgan Properties had a presence at the first stop on the 76ers’ Summer Shore Tour Presented by Dunkin Donuts on August 22 in Ocean City, New Jersey.

Located at the base of the Business Operations Facility at the Philadelphia 76ers Training Complex, the Sixers Innovation Lab is an 8,000-square-foot space that provides speed and flexibility; individualized, industry-leading consulting; and investment opportunities to rapidly growing, early-stage startup companies in the consumer product space. It officially opened its doors July 18, 2017 with a ribbon-cutting ceremony celebrating fantasy sports lineup recommender Monster Roster, esports training platform U GIT GUD, innovative cat feeder Doc & Phoebe’s Cat Co., and digital cause media company Live Life Nice as the official Sixers Innovation Lab companies.

“At Morgan Properties, we are honored to be partnering with the Sixers Innovation Lab Crafted by Kimball to support the Sixers’ efforts to seed innovation in the heart of Camden, New Jersey,” said Jonathan Morgan, president of Morgan Properties JV Management, an affiliate of Morgan Properties. “The selected entrepreneurs are working hard day in and day out to build their businesses, and should not have to worry about living expenses on top of the challenges that come with growing a startup. We are proud to have the opportunity to help alleviate ongoing expenses by providing comfortable and safe apartments for de-stressing and recharging, and look forward to being the Innovation Lab’s housing partner of choice for years to come.”

In addition to free housing, the Sixers Innovation Lab is also providing the startups with free meals; office space furnished by Kimball Office; access to industry experts, executives, and financers; third-party branding, marketing, and legal services; and the opportunity to pitch industry-leading investors and venture capital firms. Other Innovation Lab partners include Maven Creative and Pepper Hamilton. Advisors include The Wharton School of the University of Pennsylvania, StubHub, DraftKings, Rothman Institute, First Round Capital, and NovaCare.

"Housing our executives with Morgan Properties removes one more uncertainty, decision, or distraction in their lives, so they can focus 100 percent of their attention on developing their product and thinking about their consumer," said Seth Berger, managing director of the Sixers Innovation Lab Crafted by Kimball.

Those interested in learning more about Morgan Properties and its global partnerships should contact Tracy Fauntleroy, Morgan Properties’ marketing director, at tfauntleroy@morganproperties.com.

About Morgan Properties

Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania. Morgan Properties and its affiliate, Morgan Properties JV, own and manage a multifamily portfolio comprised of 146 apartment communities and over 40,000 units located in ten states, primarily in the Mid-Atlantic and Northeast Region. Morgan Properties is currently the 25th largest apartment owner in the country. The company prides itself on its quick decision making ability, strong capital relationships and operational expertise.

Learn more at www.morganproperties.com.

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