PATRICK SOMERS RETIREMENT ANNOUNCEMENT
After 43 years of dedicated service, Patrick Somers is retiring.
Effective 10/01/24, Mr. Somers will step down from his role as President and CEO of Pacific Management, Inc. (PMI). He will remain in an advisory role until year end to affect an orderly leadership transition. Mr. Jeff Richards will assume the role of President and CEO of PMI effective 10/01/24.
Mr. Somers has worked in real estate and property management since 1981. He began his career as a Residential Manager until he became the President of PMI in 2004. In 2018, he was appointed CEO. During his tenure, he has effectively directed the efforts of staff exceeding 250 employees; the management of over 4,500 units of residential housing in Illinois, Iowa and Nebraska; and the management of over 2,000,000 square feet of commercial office space.
Mr. Richards will provide continuity and leadership to PMI. He joined the New Frontier Companies in 2003 becoming the Director of Acquisitions in 2006. During his tenure, he has acquired approximately 3,300 residential units while gaining in-depth experience with governmental programs and compliance. He has worked closely with Mr. Somers and is well acquainted with the PMI’s operations, personnel and client needs. Mr. Richards is a Managing Broker in the State of Illinois. Please join us in congratulating Mr. Somers for 43 years of exceptional service.
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