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Mission Rock Residential, a Denver-headquartered third-party property management company, announced the transition of CEO Patricia “Pat” Hutchison into a new role as chairwoman of the board of directors in an advisory capacity through 2026.

Meredith Wright, who served as president since 2021, will assume the role of CEO.

“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.”

“When I started in this industry, the work was simpler and the expectations more moderate,” said Wright. “Today, our teams are navigating unprecedented pressures – from rapid technology adoption to the most competitive rental market we’ve seen in a decade. The fact that we continue to grow and perform at this level is a testament to their resilience and ingenuity. I’m honored to carry forward Pat’s vision into this next chapter, guiding Mission Rock through the next frontier for multifamily with the same culture of collaboration and care that has defined us since the beginning.”

Photo: Meredith Wright (left) and Pat Hutchison