Veteran Real Estate Developer Joins Crescent Resources

CHARLOTTE, N.C., Dec. 20, 2010 /PRNewswire/ -- Crescent Resources, LLC has hired a veteran real estate developer to guide the company's residential development activities throughout the southeast. As senior vice president, Richard "Rick" Mildner will provide direction for the residential team in four states.

"With 30 years' experience, Rick brings vast knowledge and know-how to our already capable residential group," said Larry Corson, Crescent's president and chief executive officer. "His wisdom and guidance will be a great asset to the Crescent team as we take advantage of opportunities throughout the Southeast."

"Crescent is extremely well-positioned to be a major player in residential real estate in the Southeast," said Mildner. "I am so impressed with the quality of the Crescent team, the range of experience and capabilities and the ability to implement. We have a great platform for growth, and it is exciting for me to join this team."

Prior to joining Crescent, Mildner served for seven years as chief operating officer and general manager of Douglasville Development, LLC in Atlanta. From 1998 to 2003, he was senior vice president and southeast regional manager for Terrabrook/Westerra Management based in Orlando, Fla.

Mildner's experience also includes serving in senior positions with Stanford Development Group, Inc., Morrison Homes, Inc., Pulte Home Corporation and Stanford Homes, Inc.

Mildner holds a Master of Business Administration with a concentration in finance and marketing from Stanford University. He earned his bachelor's degree in economics and English literature from Davidson College. A veteran of the U.S. Navy, Mildner held the rank of Lieutenant.  

Crescent's single-family and resort residential communities are widely recognized for their innovative land plans. While each is unique, the commitment to high-quality development is recognizable. Among Crescent's communities are Palmetto Bluff in Bluffton, S.C.; The Point, Springfield, the Sanctuary and The Farms near Charlotte; The River Club in the Atlanta area; and Rough Hollow in Austin. Crescent communities can also be found at Lake James near Morganton, N.C., and in South Carolina at Lake Keowee near Clemson.

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.

SOURCE Crescent Resources, LLC