Marlton, NJ (PRWEB) September 25, 2013
The Michaels Organization, a family of companies dedicated to excellence in affordable, mixed-income, military, and student housing, has been recognized for its commitment to "giving back" to society by Multi Housing News, a leading trade publication for the multifamily housing industry.
The recognition of an organization for its commitment to "Social Responsibility" is a first for the magazine’s annual Awards of Excellence Program.
"The judges were so impressed by how much the companies of The Michaels Organization ‘give back,’ they created this special award," said Diana Mosher, Editorial Director of Multi Housing News.
Michael J. Levitt, founder and CEO of The Michaels Organization, accepted the award at a ceremony held in New York City on Sept. 20.
The companies of The Michaels Organization have long been a leader in affordable housing and in offering comprehensive supportive services to residents as well as the communities where their apartment homes are located. In addition, Michaels was the first affordable housing company in the country to establish a scholarship fund for residents, when it created The Michaels Organization Educational Foundation in 1991.
Since then, the Foundation has awarded more than $3.5 million in educational scholarships to residents of Michaels owned and managed companies, including the military bases where it owns and manages the family housing. More than 1600 aspiring students have benefitted from the scholarships, which can be used to defray tuition costs at any college, university or vocational program in the country.
Mike Levitt and his wife Patricia Levitt contribute $2 for every $1 raised by the Foundation.
The Michaels Organization is a family of eight integrated but independent companies dedicated to excellence in affordable, mixed-income, military, and student housing. Our mission is to create attractive residential communities for families, seniors, military service members, and students that stand the test of time and that are managed to maximize long-term value for residents as well as investors. Serving more than 100,000 residents in 360 communities across 34 states, the District of Columbia, and the U.S. Virgin Islands and with a development portfolio valued in excess of $3 billion, The Michaels Organization is a national leader in the residential real estate industry, with full service capabilities in development, property and asset management, construction, mortgage finance, and tax credit syndication.