Thursday, January 5, 2012

Crescent Resources names former Crosland exec as president and CEO

Crescent Resources’ has appointed Todd Mansfield as president and chief executive officer, the company said Thursday.

Crescent Resources' board of managers also named Dan Van Epp as its non-executive chairman. Van Epp is executive vice president of Newland Real Estate Group, LLC and president of The Van Epp Companies, LLC. He has served Crescent as a director since early 2011.

“Crescent is extremely fortunate to have Todd take the helm,” Van Epp said in a statement. “He is a visionary leader with the depth and breadth of real estate expertise to shape our future growth. Plus, he already has an extensive knowledge of the organization.”

“Crescent has solid positions in important real estate sectors and desirable markets, as well as access to capital," Mansfield said in a statement. "We have great opportunities before us to create value in real estate, and I am fortunate to work closely with this team of exceptionally talented individuals.”

The announcement comes less than four months after Mansfield joined Denver-based Bio-Logical Capital, a land-investment, development and conservation company, as president. Mansfield will transition to membership on its board of directors, according to a statement released by Crescent Resources.

Previously, Mansfield served as chairman and chief executive officer of developer Crosland, a position he left in September 2010.

He also served as executive vice president of Disney Development Co., where he led the team that initiated development of the 5,000-acre Town of Celebration.

Charlotte-based Crescent Resources LLC is a real estate development and land management company that was formerly owned by Duke Energy. Crescent is known across the Southeast for building upscale lakefront communities, shopping centers, multifamily housing and industrial parks.

The company emerged from Chapter 11 bankruptcy protection in 2010.

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