FOR IMMEDIATE RELEASE

July 7, 2022

Contact: Jane McGrath

jane@libertysquaregroup.com

Beacon Communities Announces Retirement of Long-Time Executive Darlene Perrone

Ms. Perrone is retiring after a 46-year career with Beacon Communities

Boston, MA — Beacon Communities, an industry leader in affordable, market, and mixed income property development, today announced the retirement of Darlene Perrone, President of Beacon Residential Management. Ms. Perrone is retiring after over four decades at the company, and will be moving into a part-time consulting role where she will work in collaboration with Beacon’s senior leadership team on various projects.

Ms. Perrone started at Beacon Communities as an administrative assistant in 1976, and her responsibilities grew exponentially as the company continued to grow. She stepped into the role of President of Beacon Residential Management in 2019, after previously serving as Chief Administrative Officer. Ms. Perrone is particularly well known for spearheading the establishment of Beacon’s compliance department, now widely recognized as best-in-class by industry peers. She also played an important role in the creation of Beacon’s employee-focused environment and culture, and led Beacon’s efforts to develop numerous programs focused on leadership and employee engagement.

“Following our acquisition of a fifty-property portfolio, Darlene was masterful at integrating the existing workforce into Beacon,” said Howard Cohen, Chairman of the Board of Beacon Communities. “This is just one of countless examples of how she has been key to our growth and success, and we so appreciate all that she has done for Beacon.”

“When I think of Darlene’s time at Beacon, I immediately think of her work with our employee engagement efforts,” said Beacon’s Chief Operating Officer, Sam Ross. “Darlene’s compassion and concern for others was so extraordinary, and helped to foster the wonderful work community we now have at Beacon. Whether an event was large or small, she was always thinking of ways to make our time together special.”

“Darlene has left an indelible mark on our organization and on everyone she has worked with inside and outside of Beacon,” said Dara Kovel, CEO of Beacon Communities. “We have been incredibly lucky to have had her as a colleague for over forty years and are thrilled she will be continuing in a consulting role with Beacon through the year as she transitions to retirement.”

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About Beacon Communities LLC

Beacon Communities LLC is a privately owned real estate firm that develops, acquires, invests in, and manages a wide range of multi-family housing. Their portfolio includes affordable housing, market rate housing and mixed income-housing. Their developments range from new construction, to historic adaptive reuse, to the renovation of existing housing. They take on challenging developments and make them succeed. Their driving passion is to create well-designed, healthy homes that improve the quality of life of their residents and enhance the neighborhoods in which they are located. For more information about Beacon Communities LLC please visit www.beaconcommunitiesllc.com.