Elme Communities Appoints Chief Operating Officer
June 28 2023 - 4:30PM
Elme Communities (NYSE: ELME), a value-oriented multifamily owner
and operator, is pleased to announce the appointment of Tiffany
Butcher as Executive Vice President and Chief Operating
Officer (COO), beginning July 10, 2023.
Ms. Butcher will join Elme with more than 12 years of corporate
leadership experience and brings with her an extensive background
in residential asset management, property management, budgeting and
forecasting, investment management, and organizational change
management. As COO, she will guide the company’s operating
strategy, advance and implement operational improvements and align
the day-to-day operations and asset management with the strategic
goals set by the CEO and Board of Trustees.
“We are very pleased to welcome Tiffany to our executive
leadership team,” said Paul T. McDermott, President and Chief
Executive Officer. “This role has been planned and budgeted since
we began transitioning our communities to Elme management late last
year. Tiffany’s expertise and proven track record of success in the
operations of multifamily communities of all vintages, including
Class B, aligns very closely with our long-term goals. I expect her
leadership to further strengthen our performance as we execute our
strategy to deliver operational upside enabled by our internal
infrastructure and technology investments.”
Ms. Butcher is coming to Elme from JBG SMITH Properties, where
she has held various leadership roles and was named Chief
Residential Officer in January 2023. During her 16-year tenure at
JBG SMITH Properties, she led the development and execution of the
operating strategy for over 11,000 multifamily apartments under
management throughout the Washington, DC area, led organizational
change initiatives centered on customer service and creating onsite
efficiencies, and led the integration of the residential teams
following the merger of the JBG Companies with the DC division of a
publicly traded real estate investment trust. Ms. Butcher holds a
Master of Business Administration from Harvard Business School and
a bachelor’s degree from the University of Virginia. She serves on
the Board of the Boys & Girls Clubs of Greater Washington and
The House DC.
About Elme Communities
Elme Communities is committed to elevating what home can be for
middle-income renters by providing a higher level of quality,
service, and experience. The company is a multifamily real estate
investment trust that owns and operates approximately 8,900
apartment homes in the Washington, DC metro and the Sunbelt, and
owns approximately 300,000 square feet of commercial space. Focused
on providing quality, affordable homes to a deep, solid, and
underserved base of mid-market demand, Elme Communities is building
long-term value for shareholders.
Forward Looking Statements
Certain statements in this release are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 and involve risks and uncertainties.
Forward-looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or
trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward looking
statements by the use of forward-looking terminology such as “may,”
“will,” “should,” “expects,” “intends,” “plans,” “anticipates,”
“believes,” “estimates,” “predicts,” or “potential” or the negative
of these words and phrases or similar words or phrases which are
predictions of or indicate future events or trends and which do not
relate solely to historical matters. Such statements involve known
and unknown risks, uncertainties, and other factors which may cause
the actual results, performance, or achievements of Elme
Communities to be materially different from future results,
performance or achievements expressed or implied by such
forward-looking statements. Such risks and uncertainties include,
but are not limited to risks associated with our ability to execute
on our strategies, including new strategies with respect to our
operations, our portfolio and our rebranding, including the
acquisition of apartment homes in the Southeastern markets, on the
terms anticipated, or at all, the operational benefits from our
operating model redesign on the timing contemplated or at all, and
to realize any anticipated returns and benefits, including the
performance of any acquired residential properties at the levels
anticipated, and other risks and uncertainties detailed from time
to time in our filings with the SEC, including our 2022
Form 10-K filed on February 17, 2023. While
forward-looking statements reflect our good faith beliefs, they are
not guarantees of future performance. We undertake no obligation to
update our forward-looking statements or risk factors to reflect
new information, future events, or otherwise.
Contact:
Investor RelationsAmy
Hopkins202-774-3253ahopkins@elmecommunities.com
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