The Michaels Organization, a national leader in residential real estate with full-service capabilities in development, property management, construction, and investment, announced on Thursday that Matt Sullivan has been named Chief Operating Officer. Michaels also announced that Michael Flanagan has been elevated to Chief Investment Officer, a newly created role on Michaels’ Senior Executive Leadership Team. The announcements were made by Michaels’ Chief Executive Officer, Mark Morgan.
“Both Matt and Mick are visionary leaders, and I’m pleased to have them serving in these roles, along with our other senior leaders, as we continue to execute our strategic vision for the organization,” said Morgan. “The depth of their experience, along with our financial strength, robust development pipeline, award-winning property management operations, and deep commitment to our mission of creating housing solutions that lift lives ensures that we are positioned well for the future.”
Sullivan has been with Michaels since 2021 and previously worked as the Executive Vice President of Investment Management. In his role as Chief Operating Officer, Sullivan oversees Michaels’ asset management operations, risk management, refinance and dispositions platforms, as well as the support functions of Information Technology, Human Resources, and Corporate Marketing. Before joining Michaels, Sullivan worked as the Managing Director of Asset Management and Capital Markets at CRC Companies, where he was responsible for asset planning, forecasting, recapitalization, refinancing, and dispositions. With nearly 20 years of asset management experience, Sullivan has successfully closed more than $1 billion of acquisitions, dispositions, and refinancings. He earned a Bachelor of Arts in Politics from Princeton University and a Master of Business Administration from the University of Virginia Darden School of Business.
Flanagan joined Michaels in 2019 as the Vice President of Capital Markets and was appointed President of Development in 2022. As Chief Investment Officer, Flanagan will lead Michaels’ investment and development platforms with the aim of improving the management of capital allocation and investment decisions across Michaels’ diverse line of businesses. With over 20 years of experience in capital markets, real estate, and finance, Flanagan previously held a variety of senior positions at Lendlease Corporation, in the U.S. and Australia, where he had responsibility for funding Lendlease’s off-balance sheet investments globally. Flanagan holds a Master of Business Studies from University College Dublin’s Smurfit Graduate Business School and a Bachelor of Commerce from the University of Queensland.
