Wood Partners Announces the Departure of Leonard Wood Jr., Director of the Company's Mid-Atlantic Region

Wed Mar 6, 2013 1:01pm EST

* Reuters is not responsible for the content in this press release.

  VIENNA, VA, Mar 06 (Marketwire) -- 
Wood Partners announced today the departure of Leonard Wood Jr., director
of the company's Mid-Atlantic Region and son of its founder, who will be
returning to his hometown of Atlanta for personal reasons.

    Leonard Wood Sr., who started Wood Partners with two partners in 1998 and
now serves on its board of directors, said he consulted with his son
about the decision, which was a difficult one given the family ties to
the company.

    "I respect my son's decision to resign his position with Wood Partners to
come closer to home," he said. "Unfortunately, there was not a suitable
regional partner position available at our Atlanta office. We all will
miss him and wish him well in his new career. I am confident that
whatever Leonard undertakes, he will be successful."

    Leonard Wood Jr. joined Wood Partners in 2003 as a Development Associate
in the Washington, D.C. office after obtaining an MBA degree with an
emphasis in Real Estate and Finance from the University of North
Carolina's Kenan-Flagler Business School. Four years later he became the
regional development director for Wood Partners in the Mid-Atlantic
Region, which includes Virginia, Maryland, Delaware, Pennsylvania and
Washington, D.C. 

    "After almost 10 years with Wood Partners, it is not easy to leave behind
such an exceptional group of friends and colleagues," said Leonard Wood
Jr. "We've all been through a tumultuous real estate cycle together, and
we successfully brought Wood Partners through the storm and back to its
peak level of performance today. I feel honored to have worked with such
an impressive organization."

    "Now it's time for me to move on and come home to be closer to my family
and, in particular, my mother, who is recovering from her second major
surgery for a rare form of abdominal cancer," he said.

    The current team in charge of the Mid-Atlantic Region will remain in
place and be taking on greater responsibilities within the organization,
said Ryan Dearborn, Director and CEO of Wood Partners. 

    "This change creates an exceptional opportunity for current Wood Partners
directors to step up and assume a more prominent role in our company's
growth," he said.

    Wood Partners now has four apartment communities in the mid-Atlantic
region and plans to develop four more this year. 

    About Wood Partners

    Wood Partners is a national real estate company that acquires, develops,
constructs and property manages high density and mixed-use communities.
In May 2012, it was ranked the nation's No. 1 multifamily developer with
3,750 unit starts. Through quality construction, responsible land
development and intelligent design, our communities reflect the aesthetic
and social fabric of the community and provide a luxurious living
experience at a fair price. The company has been involved in the
development of more than 40,000 homes with a combined value of more than
$5.5 billion nationwide. Its national portfolio currently contains almost
20,000 apartment rental units. Wood Partners has offices in 16 major
markets nationwide including Atlanta, Baltimore, Delray Beach, Boston,
Charlotte, Dallas, Denver, Houston, New York, Newport Beach, Orlando,
Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To
learn more about Wood Partners, please visit our Web site at


Media Contacts: 
Anton Communications
Vanessa Showalter 
Genevieve Anton 

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