Rampart/Wurth, a prominent property management firm headquartered in Metairie, has announced that Michael Ricci will take over as chief executive officer. This marks a significant leadership succession as Ricci steps in for co-founder Joseph Pappalardo Sr., who will remain as chairman of the board. The firm oversees a substantial portfolio including more than 10,000 multifamily units and about 20 million square feet of managed property.
The transition was officially announced on November 12, 2026. Pappalardo Sr., who has guided the company since its inception, will continue to be involved in strategic decisions as the chairman. The change in leadership comes as part of a planned succession aimed at furthering Rampart/Wurth’s expansion across Louisiana and the Southeast region.
Rampart/Wurth has experienced significant growth since its founding, expanding from just six employees to now over 350, and developing its portfolio to include a wide range of property types. Its subsidiary, NAI Rampart, plays a crucial role with its team of over 75 real estate professionals completing approximately 750 transactions annually.
The company’s strategic focus includes brand unification and the integration of technology and artificial intelligence, positioning it to enhance service delivery and operational efficiency. The expansion plans particularly emphasize growing the multifamily sector and strengthening the firm’s commercial management capabilities moving forward into 2027 and beyond.
Such leadership changes at Rampart/Wurth are particularly noteworthy given the firm’s size and influence in the local market. The firm’s operations and future strategy could significantly impact property management practices, vendor relationships, and regional market dynamics, making this transition one to watch for stakeholders in the real estate community.
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