Richard holds a Bachelor’s degree in Business Administration from Concordia University’s elite John Molson School of Business (2008) and is a Certified Property Manager designated from the Institute of Real Estate Management . He also studied business at Université Paris I – Sorbonne, and attended boarding school in Switzerland. Richard pursued his EMBA at NYU.

During his studies, Richard joined his father; Prime Properties founder Karsten Rumpf, in running the day-to- day operations of the business. Since that time, Richard has modernized the company’s processes and procedures, expanded into the New York and Florida markets and significantly increased the company’s holdings. Richard currently heads Prime Properties’ real estate operations. He is responsible for providing direction on all matters of acquisitions, management and development, including leasing and financing. He is also Prime Properties representative in a number of partnerships and joint ventures.

He is fluent in English, French and German.