Crescent Resources Names Experienced Developer To Senior Vice President Post

Crescent Resources Names Experienced Developer To Senior Vice President Post

CHARLOTTE, N.C. – June 8, 2011 – (RealEstateRama) — Crescent Resources selected veteran real estate developer Margaret Jennesse to lead its residential interests in Florida and Georgia as senior vice president.

As senior vice president, Jennesse will guide Crescent’s efforts to acquire new properties and create first-class communities. She will also oversee some of Crescent’s premier communities, including The River Club, BridgeWater and Grand Hampton.

Jennesse has 20 years of experience working in all aspects of real estate development. Her focus has been creating large-scale, master-planned communities with amenities, as well as financial management and fostering community participation.

“Margaret knows Florida and Georgia as well as anybody, and her expertise in planning and residential development will be a valuable asset for our efforts in those regions,” said Rick Mildner, Crescent Resources’ senior vice president of residential. “She is a tremendous talent, and we’re thrilled to have her on our team.”

Jennesse is familiar with Crescent Resources – she previously served as a senior vice president of LandMar Group, a Crescent subsidiary. In her most recent position, she was a consultant with Jennesse Managers, LLC, which provides a broad spectrum of planning and management services for the real estate and health care industries.

Prior to LandMar, Jennesse was the Northeast Florida president of St. Joe – one of the largest land owners and developers in the state.

“I’m excited to come back to Crescent,” Jennesse said. “The company is known for the quality of its communities and is well-positioned for the re-emerging real estate market.”

The River Club in Suwanee, Ga., sits on the banks of the Chattahoochee River and was crafted with sincere respect for the land. Amenities include The Lodge with a main dining room, members’ lounge, men’s and ladies’ locker rooms and a fully equipped pro shop. The Lakeside Family Sports Center features zero-entry interactive swimming pools, eight lighted tennis courts, a junior Olympic pool, a fitness center and an activities director to plan events. The River Club’s 18-hole golf course, designed by Greg Norman, features ten golf holes that play along or across one of the community’s five lakes.

BridgeWater is a master-planned community in Lakeland, Fla., offering waterfront living on five signature lakes. The community provides a small-town setting with close proximity to Orlando and Tampa, Fla. Its expansive Lake Club amenity center features a fishing dock, a fitness center, parks, playgrounds and a resort-style pool. The neighboring Golf Club at BridgeWater boasts of a championship golf course and clubhouse with special membership opportunities and preferred tee times.

Grand Hampton in New Tampa, Fla., is a gated, master-planned community featuring the casual atmosphere of Old Florida and the best of private club living with extraordinary homes built by some of the area’s premier luxury builders. Amenities include a network of sidewalks and trails that connect to an expansive recreation center with a fitness center, multi-use aquatic center, four lighted tennis courts, children’s playground, putting course and grand club room.

Jennesse earned a Bachelor of Science in Accounting from Florida State University. She is also a certified public accountant and real estate sales associate.

Crescent Resources is a real estate development company with interests throughout the southeastern United States. Based in Charlotte and established in 1969, Crescent Resources is known for its single-family, multifamily and resort residential communities. Crescent also owns and manages business and industrial parks and shopping centers. Visit www.crescent-resources.com for more information.

Contact:
Mike Reed
704.376.3434

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