GERMANTOWN, Tenn., Dec. 10,
2024 /PRNewswire/ -- Mid-America Apartment
Communities, Inc., ("MAA") (NYSE: MAA) announced the
appointment of A. Bradley Hill (48)
as its President and Chief Executive Officer effective April 1, 2025, succeeding H. Eric Bolton, Jr. (68) who is retiring as Chief
Executive Officer and will serve as Executive Chairman upon the
effective date of the transition. The Nominating and Corporate
Governance Committee of MAA's Board of Directors plans to nominate
Mr. Hill for election by shareholders to serve on the Board of
Directors at the 2025 Annual Meeting of Shareholders. Mr. Bolton
will continue to serve as Chairman of the Board of Directors.
Mr. Hill joined MAA in 2010 and has over 21 years of real estate
experience in the areas of transactions, development, and
operations. Mr. Hill is currently serving as MAA's President and
Chief Investment Officer with oversight of the company's
transactions, new development, and property operations. Mr. Hill
holds a BS in Management from Tulane
University and an MBA with a concentration in Finance from
SMU's Cox School of Business. He is a
CFA® charterholder, a member of the Urban Land Institute
(Multifamily Blue Council) and a member of the National Multifamily
Housing Council (NMHC). Prior to joining MAA, Mr. Hill held senior
positions with two real estate development companies.
Announcing Mr. Hill's appointment, Alan
B. Graf, Jr., Lead Independent Director said: "The Board has
a strong and continuous succession planning process led by our
Nominating and Corporate Governance Committee. Through that
process, we considered various factors, including input from
independent advisors, market and industry best practices, and
potential external candidates. We also invested in and monitored
development plans for potential internal candidates. We have
closely observed Brad's growth, capabilities, character and
leadership style over the past several years. We are very pleased
to have a successor to Eric of such caliber and are confident in
Brad's ability to lead our team in continuing to create value for
our investors, residents, associates and communities. Brad will
build on the exceptional leadership of Eric's 23 years of service
as Chief Executive Officer and 30 total years with MAA. MAA
experienced tremendous success thanks to Eric's clear and
unwavering vision executed by a talented and dedicated team of
associates. Under Eric's leadership, MAA has delivered sector
leading growth and shareholder performance over his tenure."
Chief Executive Officer H. Eric Bolton,
Jr. said: "I am pleased that Brad will succeed me as I step
back from the CEO role and focus on providing strategic support and
counsel to Brad and our Board. Brad's experience, capabilities and
ambition for the business ideally position him to lead MAA forward
through the next era of opportunity. It has been a privilege to
serve MAA as CEO and I am profoundly grateful to the Board of
Directors and our associates for their commitment and support over
the years as we have, together, strengthened and grown our company,
positioning MAA for this next chapter of success."
A. Bradley Hill, incoming
President and Chief Executive Officer said: "I am humbled and
honored to be appointed the next CEO of this tremendous
organization. I want to thank the Board of Directors for placing
its trust and confidence in me and I want to thank Eric for his
example of selfless leadership and his continued guidance and
support. Finally, to the highly talented associates that have
supported me over the years, I'm excited to continue to work
alongside you to build on our legacy of strong performance and
growth to deliver meaningful value to our constituents."
About MAA
MAA, an S&P 500 company, is a
self-administered real estate investment trust (REIT)
focused on delivering strong, full-cycle investment performance for
shareholders through the ownership, management, acquisition,
development and redevelopment of apartment communities primarily in
the Southeast, Southwest and Mid-Atlantic regions of the United States. For further details, please
refer to www.maac.com or contact Investor Relations
at investor.relations@maac.com.
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SOURCE MAA