CRESCENT COMMUNITIES APPOINTS DAVID O’DONOGHUE EXECUTIVE VICE PRESIDENT, RESORT AND SECOND HOME

09/28/2016

CHARLOTTE – Crescent Communities today announced it has appointed David O’Donoghue as executive vice president of its Resort and Second Home Communities team. In this role, O’Donoghue will be responsible for sales, marketing, development, overall operations and property management for the company’s flagship Palmetto Bluff community, a 20,000-acre development in the South Carolina Lowcountry, between Hilton Head and Savannah, Georgia. 
 
“With the recent $100 million expansion to create Montage Palmetto Bluff, and with the opening of Moreland, our newest residential village, Crescent has demonstrated this community is of utmost importance and significance to our portfolio,” said Andrew Carmody, president of Crescent Communities’ residential division. “I’m confident that with his proven track record in managing world-class resort properties, David will be a strong leader to help manage Palmetto Bluff’s growth, continue to provide members and guests with the distinctive Lowcountry experience, and will be a tremendous colleague to support the best-in-class team on property.” 
 
Hailing from DMB Associates – a national organization that is recognized as one of the premier developers and operators of resort real estate communities globally - O’Donoghue most recently served as senior vice president of Club & Resort Operations for DMB’s portfolio of luxury resort and club communities, including Silverleaf in Scottsdale, Arizona, Martis Camp, in Truckee, California, and Kukui’ula in Kauai, Hawaii. He has extensive experience leading communities through all phases of development and operations from start-up and launch, to active sales and stabilization. 
 
“Crescent Communities is an extraordinary, innovative company with a tremendous team and unique culture. I have admired Palmetto Bluff for years and am honored to serve in a position in which I’m entrusted to maintain its great reputation. Between the opening of Montage Palmetto Bluff, the development of the new Moreland Village, and the continued investment in the homeowner experience, we have lots of exciting things on the horizon and I am eager to get started.” said O’Donoghue.
 
O’Donoghue’s appointment further reinforces Crescent’s dedication to Palmetto Bluff, and to maintaining it as a place with a deep connection to its environment, history and culture.  
 
“I am delighted that a leader of David’s experience and abilities is joining the company to play such a pivotal role leading our Resort and Second Home team,” said Todd Mansfield, CEO at Crescent. “We take great pride in our people and celebrate each individual’s talent, and I look forward to the creative vision and leadership that David will bring, further securing Palmetto Bluff’s position as one of the most sought-after communities and resort destinations in the U.S.” 
 
About Palmetto Bluff:
 
Palmetto Bluff is situated in the Lowcountry of South Carolina between Charleston and Savannah, Georgia, Palmetto Bluff is the largest remaining waterfront property on the East Coast and part of the Crescent Communities residential real estate portfolio. Currently evolving as a residential community and conservation preserve, the 20,000-acre development is surrounded by 32 miles of riverfront and features extensive nature trails; a vibrant Village center complete with river access, boat storage and canoe club; a distinctive food and beverage program; the AAA Five Diamond Montage Palmetto Bluff resort; and a Jack Nicklaus Signature Golf Course. An array of southern- style residential neighborhoods ranging from multi-million dollar legacy family compounds to more traditionally sized, single-family lots are currently available.

About Crescent Communities

Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of multifamily, commercial and mixed use communities. Crescent creates high-quality, differentiated communities in desirable locations in many of the fastest growing markets in the Southeast and Southwest. Since the company was founded in 1963, Crescent’s development portfolio has included more than 60 single family master-planned communities,  43 multifamily communities and more than 21 million square feet of commercial space. Its multifamily communities are branded NOVEL by Crescent Communities.