Conifer Realty LLC chairman Richard Crossed has retired and Timothy Fournier, president and CEO, has been named to the role, the Rochester firm said Thursday.
The change took effect Aug. 1. Crossed will continue to provide consulting services on a limited basis, and Fournier retains the CEO title.
Crossed was a founding member of Conifer Development in 1975. During the next 20 years, the company grew to nearly 6,000 units. In 1995, Conifer Development merged with Home Properties Inc., where Crossed led the real estate development division and served as a board member.
In 2000, Crossed participated in a management-led buyout of the Conifer Realty affordable housing division of Home Properties. He served as president and CEO of the company through 2005, and as chairman thereafter.
Fournier has served as president and CEO since 2006. He joined the Conifer organization in 1986.
Conifer is a full-service real estate company specializing in the development, construction, management and ownership of affordable housing communities. The business has nearly 13,000 residential units at 199 properties, plus 20 properties—with a total of some 1,320 units—under construction.
The firm employs more than 700 people and has regional offices in Rochester; Syracuse; Columbia, Md.; Mount Laurel, N.J.; and Erie, Pa.
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