RMR Residential Hires Executive-Level Real Estate Veterans Brett Richards and Melanie Johns

RMR Residential has hired industry veterans Brett Richards as Executive Vice President of Investments and Melanie Johns as Chief Financial Officer.

Joining the RMR Residential Investment Team as Executive Vice President of Investments, Brett Richards brings 17 years of direct investment and portfolio management experience with a focus on multifamily portfolios of more than $5 billion. Prior to RMR Residential, Richards oversaw transactions and portfolio management in major markets throughout the U.S. for several years at LivCor, LLC. Richards has executed on more than $12 billion in individual multifamily transactions and had asset management oversight for more than 90,000 units nationally. With the addition of Richards, RMR Residential’s investment team now delivers more than 100-plus years of experience in multifamily transactions totaling in excess of $30 billion.

Overseeing the RMR Residential Finance Team as Chief Financial Officer, Melanie Johns also joins the executive team with an extensive financial background. Johns comes to the RMR Residential team after spending nearly two years as Chief Financial Officer at The John Hardy Group, and more than 10 years as Vice President of Finance for Cortland Partners and Place Properties.

“At RMR Residential, we take great pride in our employees’ exceptional expertise,” RMR Residential CEO and Founder M. Patrick Carroll said. “It is a priority for us to invest in only the best, and we are pleased to welcome two real estate veterans and industry leaders to our growing team.”

The hiring of Richards and Johns comes on the heels of a successful year for RMR Residential, signaling the company’s continued growth and confidence in the future. After a year where many considered standing still to be progress, RMR Residential made bold adjustments to end 2020 strong with the acquisition of five new, privately marketed properties, which increased the brand’s unit count across Florida and Georgia by 2,434 units. The deals’ total purchase price of $380.5 million brought RMR Residential’s inception-to-date acquisition volume to $7.8 billion and 57,000 units total.

For information regarding RMR Residential’s 2020 year-end results and to download the full version of RMR Residential’s 2020 Annual Report, visit: 2020.carrollorg.com.