UDR, Inc. has appointed Richard "Ric" B. Clark to its Board of Directors, effective October 3, 2025. Clark, a highly accomplished real estate executive, will serve as an independent director and has been appointed to the Nominating and Governance Committee and the Audit and Risk Management Committee. His appointment follows the departure of two long-tenured directors earlier in 2025 and expands the Company’s Board to nine members.
Clark has more than four decades of real estate investment and capital markets experience. From 1984 to 2021, he served Brookfield Corporation and its predecessors in various senior leadership roles, including Chairman and Chief Executive Officer of Brookfield Property Group, Brookfield Property Partners, and Brookfield Office Properties. Under his leadership, Brookfield’s real estate group grew its assets under management from $5 billion to more than $200 billion.
UDR, Inc., an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns. As of June 30, 2025, UDR owned or had an ownership position in 60,535 apartment homes, including 300 apartment homes under development.
Ferguson Partners, a firm specializing in board and executive recruitment in the REIT industry, advised UDR on the appointment of Mr. Clark. Following these announcements, the company's shares moved 0.28%, and are now trading at a price of $36.13. For the full picture, make sure to review UDR's 8-K report.
