DENVER--(BUSINESS WIRE)--
UDR,
Inc. (the "Company") (NYSE: UDR), a leading multifamily real estate
investment trust, today announced that Tom Herzog is stepping down from
his position as Chief Financial Officer (“CFO”) to join HCP, Inc. as
CFO. Mr. Herzog has served as UDR’s CFO since January 2013. Shawn
Johnston, UDR’s Chief Accounting Officer, will be named the interim
Principal Financial Officer and, along with other members of the
Company’s senior management team, will fulfill Mr. Herzog’s
responsibilities. Mr. Herzog will remain with UDR through June 3, 2016
to ensure a smooth transition.
“Tom has contributed significantly to UDR since joining the team in
early 2013 and will be missed,” said Tom Toomey, President and CEO of
UDR. Mr. Toomey continued, “On behalf of our Board of Directors and UDR,
I thank Tom for his service to the Company. We wish Tom well in his
future endeavors at HCP.”
“I am thankful for my time with UDR, especially my experiences working
with the many fine professionals at the Company,” said Mr. Herzog. “The
decision to accept an outside opportunity did not come easily, but with
the exceptional talent in place at UDR, I am confident the team is well
positioned for continued success.”
The Company will commence an evaluation of internal and external
candidates for the role of CFO.
About UDR, Inc.
UDR, Inc. (NYSE:UDR),
an S&P 500 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 March 31, 2016, UDR owned or had an ownership position in
51,231 apartment homes including 3,556 homes under development. For 44
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160512006327/en/
UDR, Inc.
Shelby Noble, 720-922-6082
snoble@udr.com
Source: UDR, Inc.