EdR Promotes Richards to Executive Vice President and Chief Operating Officer
- Sep 09, 2014
Memphis, Tenn.—EdR announced the promotion of Christine Richards to executive vice president and chief operating officer from senior vice president and chief operating officer. EdR also updated its fall 2014 pre-leasing statistics on Form 8-K and released an investor presentation in connection with upcoming investor meetings.
Richards joined EdR in 2001 as regional director and has advanced several times. In the past five years, she successfully revamped EdR’s processes, systems and personnel to create market-leading leasing results and incomparable management services.
As of September 4, 2014, fall 2014 same-community pre-leasing occupancy was 96.2 percent, a 220 basis point improvement over the prior year, with a projected 2 percent increase in net rental rates.
New communities, representing 11 properties, are now 95.9 percent pre-leased as of September 4, 2014 at net rental rates consistent with initial underwriting.