As it approaches its ninth anniversary, national property management firm Mission Rock Residential, headquartered in Denver, has made key leadership promotions.
Founding CEO Tony Zanze moves into the position of chairman of the board, continuing to provide strategic counsel for the company. Taking over the role of CEO is Mission Rock’s founding president Patricia Hutchison, CAPS, CPM. She will have a more focused day-to-day role on new business development and will continue to expand the company’s national portfolio of properties across a large set of investor and developer clients.
“I am thrilled to have this opportunity to shift my role into that of CEO for Mission Rock,” said Hutchison, who was the MFE Executive of the Year in 2019. “After skyrocketing growth since our launch, 2020 brought our entry into yet another East Coast state–Florida. In addition to growing this East Coast client base, I will be focused on building strong client ties in major markets and around the entire U.S. in the years ahead.”
Meredith Wright, CAPS, CPM, assumes the president role. Wright, who had served as an executive vice president and as a key builder of the company since its inception, had been positioned to take the president role throughout her time at Mission Rock. She now has oversight of the company’s more than 27,000 units across 16 states and valued at over $5 billion.
The leadership role changes, according to the firm, had been planned since the company’s launch and are a result of its rapid success and execution of succession plans. The new executive roles provide a progression for both company and individual leader growth to set up the firm for further success.
Mission Rock also announced several other promotions from within the executive team:
- Kay Hutchison, CAPS, CPM, has become senior executive vice president. She will continue to oversee the company’s Western region and will assist in the determination of national strategic operational objectives, monitoring property operational performance, and mentoring new executive team members.
- Janelle French, CPM, has become executive vice president, Central region. French is a founding member of the Mission Rock team and initially joined the company as a regional manager on the Metro Denver portfolio. She has played a significant role in operations and business development in Colorado through her execution of owner objectives.
- Andy Tsangarides, CPM, has become executive vice president, Eastern region. He joined Mission Rock in 2016 and has taken the East Coast operations from three assets in one state to more than 30 assets in six states.
- Toni Moyes, another original member of the Mission Rock regional management team, has been elevated to vice president, overseeing Colorado and Kansas.