erik-morales-sum

ERIK MORALES

ERIK MORALES

Founder & Managing Partner

239-634-2082

erikm@platinum-equitypartners.com

Erik Morales is the Founder and Managing Partner of Platinum Equity Partners, LLC, where he focuses on multifamily acquisitions, underwriting, asset evaluation, business-plan development and strategic partnerships.

Erik’s real estate career began in New York in 1991 and spans more than 30 years across multifamily and residential real estate, including asset and property management, construction, purchasing, project management and operations.

Throughout his career, Erik has held real estate and management positions with organizations in New York, New Jersey and Florida. His experience has included responsibility for multifamily and residential portfolios ranging from workforce and rent-regulated housing to luxury apartments, condominium communities and residential construction.

His professional background includes experience with L&B Real Estate Management & Development, Progressive Management Corporation, Crawford Community Management, Versailles at Aberdeen Station, Stellar Management, Stonehenge Management, Black Mountain Realty, Sposen Signature Homes/Shell Solutions, and Century Communities, Inc. d/b/a Century Complete, where he served as Division Purchasing Manager.

Across these roles, Erik gained hands-on experience in property operations, budgeting, capital improvements, purchasing and procurement, construction, vendor and trade-partner management, resident operations, asset repositioning and the evaluation of property-level performance.

At Platinum Equity Partners, Erik applies this operational background to the acquisition and underwriting process, with a focus on understanding both the financial performance of an investment and the property-level factors that can influence execution.

His current focus includes workforce housing, value-add multifamily and select distressed or special-situation opportunities. Erik also works to develop relationships with brokers, lenders, property-management professionals, operators, sponsors and capital partners when evaluating potential acquisitions.

Progressive Management Corporation, Woodmere, New York, 2001, managed 400 residential and commercial units; ($180K per unit) valued in excess of $72,000,000.00

Crawford Community Management, Brick, New Jersey, 2002, management of over 800 condominium association units; ($150K per unit) valued in excess of $120,000,000.00

Versailles at Aberdeen Station, Aberdeen, New Jersey, 2003, managed 290 luxury apartment homes with amenities; ($250K per unit) Valued in excess of $72,500,000.00

Stellar Management Ltd., New York, New York, 2006, managed a portfolio of 23 buildings totaling 1,200 stabilized, rent controlled, fair market apartment homes and commercial spaces; ($200K per unit) Valued in excess of $240,000,000.00

Stonehenge Management, LLC, New York, New York, 2008, managed a portfolio of six “Class A” buildings totaling 588 fair market luxury apartment homes and commercial spaces. ($200K per unit) Valued in excess of $117,600,000.

Black Mountain Realty, LLC, Woodbridge, New Jersey, 2009, managed a portfolio of nine “Class B & C” buildings, totaling 500 fair market apartment homes. ($200K per unit) Valued in excess of $100,000,000.

Sposen Signature Homes/Shell Solutions, Home Builder, Cape Coral, Florida 2019-2022, Building 150 Luxury Homes. ($400K per unit) Valued in excess of $60,000,000.

Century Complete, One of the Publicly Traded top ten national builder, Southwest Florida managing the Cape Coral, Lehigh and Labelle regions, Building 250 affordable homes. ($325K per unit) Valued in excess of $81,250,000.