Mission Rock Residential, a nationwide third-party property management company, today announced that founding Chief Executive Officer Patricia “Pat” Hutchison will transition into a new role as chair of the board of directors in an advisory capacity through 2026. Longtime President Meredith Wright will assume the role of CEO.
Hutchison has been recognized across the industry for her commitment to building culture, mentoring future leaders, and navigating Mission Rock through major market cycles, including the COVID-19 pandemic. Under her leadership, Mission Rock has grown from fewer than a dozen employees to nearly 1,000 team members managing over 160 multifamily properties and more than 35,000 units nationwide.
“Mission Rock was built on the idea that if we put our people first, everything else would follow,” said Hutchison. “I am incredibly proud of the company we’ve built together and of the next generation of leaders we’ve developed along the way. Meredith embodies everything this company stands for — she was instrumental in building the company and she will continue to carry forward our culture of excellence and care. This is an opportunity for Meredith to build upon the vision and continue to strengthen Mission Rock’s future.”
Wright, who has served as president since 2021, was one of Mission Rock’s original team members – employee number seven – and has risen through the ranks from leasing consultant to executive leadership throughout her industry experience. Over the last decade, she has played a central role in shaping the “Mission Rock Way,” championing operational innovation, driving strategic growth and mentoring new leaders, the company said. Wright also guided Mission Rock through critical inflection points, including its shift to quality-focused client partnerships and the implementation of new technology platforms across its portfolio.
