DENVER--(BUSINESS WIRE)--
UDR,
Inc. (the "Company") (NYSE: UDR), a leading multifamily real estate
investment trust, today announced the appointment of a new member to its
Board of Directors, Clint McDonnough, effective February 4, 2016. With
the addition of this new independent director, the Company’s Board will
total 10 members, 9 of which are independent.
“We are very pleased to have Clint join our Board,” said Jim Klingbeil,
Chairman of the Company’s Board of Directors. Mr. Klingbeil continued,
“Clint possesses significant expertise in audit and assurance, assessing
the most critical financial and reporting standards, as well as
extensive leadership as the Managing Partner of a Big-4 public
accounting firm. I am confident that Clint will be a vital contributor
toward our continued long-term success.”
Mr. McDonnough, age 60, served 38 years for Ernst & Young LLP before
retiring in June, 2015. In his role as Office Managing Partner for
Dallas, TX, he was responsible for leading all day-to-day practice
operations in one of the firm’s largest markets. Prior to serving as the
Office Managing Partner, Mr. McDonnough was the firm’s Managing Partner
of Assurance & Advisory Business Services for the Southwest Area
practice. Mr. McDonnough also served as the firm’s National Director of
Real Estate Advisory Services, creating a unified national real estate
consulting practice and was focused on development and implementation of
new services. Mr. McDonnough is the chairman for The Dallas Citizens
Council and serves on the Board of the Dallas Education Foundation,
Methodist Health System, Dallas Regional Chamber and Education
Committee, the Development Board for the University of Texas at Dallas,
the Dallas Community College Board and the CEO Advisory Council for the
Dallas Arboretum and Botanical Society.
About UDR, Inc.
UDR, Inc. (NYSE:UDR),
an S&P 400 company, is a leading multifamily real estate investment
trust with a demonstrated performance history of delivering superior and
dependable returns by successfully managing, buying, selling, developing
and redeveloping attractive real estate properties in targeted U.S.
markets. As of December 31, 2015, UDR owned or had an ownership position
in 50,646 apartment homes including 3,222 homes under development. For
over 43 years, UDR has delivered long-term value to shareholders, the
best standard of service to residents and the highest quality experience
for associates. Additional information can be found on the Company's
website at ir.udr.com.
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UDR, Inc.
Shelby Noble, 720-922-6082
snoble@udr.com
Source: UDR, Inc.