UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, has announced some significant executive management promotions and leadership transition plans effective January 1, 2025.
Mike Lacy has been promoted to Chief Operating Officer (COO) after serving as Senior Vice President – Operations since 2019. This follows his tenure in various operational roles since joining UDR in 2006.
Joe Fisher has been appointed to the role of Chief Investment Officer (CIO) in addition to his current roles as President and Chief Financial Officer (CFO). Mr. Fisher, who has been the Company’s CFO since 2017, will now also oversee the Company’s investment and development functions.
As part of the transition, the Company will initiate an executive search process to recruit a new Chief Financial Officer. Upon the successful hire of a new CFO, Mr. Fisher will relinquish his responsibilities in that role and retain the positions of President and Chief Investment Officer.
As of September 30, 2024, UDR owned or had an ownership position in 60,123 apartment homes.
These changes were made to further align the execution of the company's value creation initiatives across the organization.
UDR, Inc. has been an S&P 500 company for over 52 years and has 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.
For Today the company's shares have moved 0.2% to a price of $42.62. If you want to know more, read the company's complete 8-K report here.
