UDR Announces Updates to Board of Directors
UDR (NYSE: UDR), a leading multifamily real estate investment trust, announced key changes to its Board of Directors. James 'Jim' D. Klingbeil will not seek re-election at the upcoming Annual Shareholder Meeting and will step down as Lead Independent Director. The Board has elected Jon A. Grove as the next Lead Independent Director and appointed Klingbeil as Chairman Emeritus.
Klingbeil's 27-year tenure with UDR began in 1998 following the merger with American Apartment Communities II. He served as Vice Chairman (2000-2010), Board Chairman (2010-2017), and Lead Independent Director (2018-present). His experience includes leadership roles at Klingbeil Capital Management and the Klingbeil Company, along with positions at the Urban Land Institute.
UDR currently owns or has ownership positions in 60,120 apartment homes and has delivered shareholder value for over 52 years through managing, buying, selling, developing, and redeveloping real estate properties in targeted U.S. markets.
UDR (NYSE: UDR), un importante fondo di investimento immobiliare multifamiliare, ha annunciato cambiamenti significativi nel suo Consiglio di Amministrazione. James 'Jim' D. Klingbeil non si ricandiderà alle prossime Assemblee Annuali degli Azionisti e si dimetterà dal suo ruolo di Lead Independent Director. Il Consiglio ha eletto Jon A. Grove come nuovo Lead Independent Director e ha nominato Klingbeil come Chairman Emeritus.
Il mandato di 27 anni di Klingbeil con UDR è iniziato nel 1998 in seguito alla fusione con American Apartment Communities II. Ha ricoperto il ruolo di Vice Chairman (2000-2010), Presidente del Consiglio (2010-2017) e Lead Independent Director (2018-presente). La sua esperienza include ruoli di leadership presso Klingbeil Capital Management e Klingbeil Company, insieme a posizioni presso l'Urban Land Institute.
UDR possiede attualmente o ha partecipazioni in 60.120 appartamenti e ha creato valore per gli azionisti per oltre 52 anni attraverso la gestione, l'acquisto, la vendita, lo sviluppo e la riqualificazione di proprietà immobiliari in mercati statunitensi selezionati.
UDR (NYSE: UDR), un destacado fideicomiso de inversión inmobiliaria multifamiliar, anunció cambios clave en su Junta Directiva. James 'Jim' D. Klingbeil no buscará la reelección en la próxima Junta Anual de Accionistas y renunciará como Director Independiente Principal. La Junta ha elegido a Jon A. Grove como el próximo Director Independiente Principal y ha nombrado a Klingbeil como Presidente Emérito.
La trayectoria de 27 años de Klingbeil en UDR comenzó en 1998 tras la fusión con American Apartment Communities II. Se desempeñó como Vicepresidente (2000-2010), Presidente de la Junta (2010-2017) y Director Independiente Principal (2018-presente). Su experiencia incluye roles de liderazgo en Klingbeil Capital Management y Klingbeil Company, así como posiciones en el Urban Land Institute.
UDR actualmente posee o tiene participaciones en 60,120 hogares de apartamentos y ha generado valor para los accionistas durante más de 52 años a través de la gestión, compra, venta, desarrollo y redearrollo de propiedades inmobiliarias en mercados seleccionados de EE. UU.
UDR (NYSE: UDR), 선도적인 다가구 부동산 투자 신탁이 이사회의 주요 변화를 발표했습니다. James 'Jim' D. Klingbeil은 다가오는 연례 주주총회에서 재선에 나서지 않으며 독립 이사장직에서 물러납니다. 이사회는 Jon A. Grove를 차기 독립 이사장으로 선출하고 Klingbeil을 명예 의장으로 임명했습니다.
Klingbeil의 UDR에서의 27년 경력은 1998년 American Apartment Communities II와의 합병 이후 시작되었습니다. 그는 부회장(2000-2010), 이사회 의장(2010-2017), 독립 이사장(2018-현재)으로 재직했습니다. 그의 경험에는 Klingbeil Capital Management와 Klingbeil Company에서의 리더십 역할과 Urban Land Institute에서의 직위가 포함됩니다.
UDR은 현재 60,120개의 아파트를 소유하거나 소유 지분을 보유하고 있으며, 미국의 특정 시장에서 부동산 자산을 관리, 구매, 판매, 개발 및 재개발하여 52년 이상 주주 가치를 창출해왔습니다.
UDR (NYSE: UDR), un important fonds d'investissement immobilier multifamilial, a annoncé des changements clés au sein de son Conseil d'Administration. James 'Jim' D. Klingbeil ne se représentera pas lors de la prochaine Assemblée Annuelle des Actionnaires et démissionnera de son poste de Directeur Indépendant Principal. Le Conseil a élu Jon A. Grove comme nouveau Directeur Indépendant Principal et a nommé Klingbeil en tant que Président Émérite.
Le mandat de 27 ans de Klingbeil chez UDR a commencé en 1998 suite à la fusion avec American Apartment Communities II. Il a été Vice-Président (2000-2010), Président du Conseil (2010-2017) et Directeur Indépendant Principal (2018-présent). Son expérience comprend des rôles de leadership chez Klingbeil Capital Management et Klingbeil Company, ainsi que des postes à l'Urban Land Institute.
UDR possède actuellement ou a des participations dans 60 120 appartements et a créé de la valeur pour les actionnaires pendant plus de 52 ans grâce à la gestion, l'achat, la vente, le développement et la redéveloppement de propriétés immobilières sur des marchés ciblés aux États-Unis.
UDR (NYSE: UDR), ein führender Immobilien-Investmentfonds für Mehrfamilienhäuser, hat bedeutende Änderungen in seinem Vorstand angekündigt. James 'Jim' D. Klingbeil wird sich bei der bevorstehenden Jahreshauptversammlung der Aktionäre nicht zur Wiederwahl stellen und wird als Lead Independent Director zurücktreten. Der Vorstand hat Jon A. Grove zum neuen Lead Independent Director gewählt und Klingbeil zum Ehrenvorsitzenden ernannt.
Klingbeils 27-jährige Amtszeit bei UDR begann 1998 nach der Fusion mit American Apartment Communities II. Er war von 2000 bis 2010 Vizepräsident, von 2010 bis 2017 Vorsitzender des Vorstands und seit 2018 Lead Independent Director. Zu seinen Erfahrungen gehören Führungspositionen bei Klingbeil Capital Management und der Klingbeil Company sowie Positionen beim Urban Land Institute.
UDR besitzt derzeit oder hat Anteile an 60.120 Wohnungen und hat über 52 Jahre lang durch das Management, den Kauf, den Verkauf, die Entwicklung und die Umgestaltung von Immobilien in ausgewählten US-Märkten Wert für die Aktionäre geschaffen.
- Smooth leadership transition with experienced Jon A. Grove as new Lead Independent Director
- Retention of Klingbeil's expertise through Chairman Emeritus position
- Demonstrates strong corporate governance with planned succession
- Loss of 27 years of direct board leadership experience with Klingbeil's departure
Mr. Klingbeil joined the Board in 1998 when American Apartment Communities II, of which he was Chairman and Chief Executive Officer, merged with the Company. From 2000 until 2010 Mr. Klingbeil served as Vice Chairman of the Board, from 2010 until 2017 he served as Chairman of the Board, and since 2018 has served the Board as its Lead Independent Director. Throughout his career, Mr. Klingbeil has been deeply involved in multifamily housing and the real estate industry more generally having served as Chairman and Chief Executive Officer of Klingbeil Capital Management and the Klingbeil Company, both of which acquire, develop, and operate multifamily assets. Additionally, Mr. Klingbeil has served as a past Chairman and a lifetime member of the Board of Trustees of the Urban Land Institute (“ULI”) and a member of the ULI Foundation Board. Mr. Klingbeil’s continued service as Chairman Emeritus will provide the Board and the Company with access to his guidance and knowledge to the benefit of the Company’s stakeholders.
“Jim is a legend in the real estate industry, and UDR has greatly benefitted from his knowledge, experience, and guidance over the past 27 years,” said Tom Toomey, UDR’s Chairman and CEO. “We are fortunate to have Jon as our new Lead Independent Director; he is held in similarly high regard in the real estate industry, and UDR will benefit from his institutional knowledge, corporate governance acumen, and thoughtful insights.”
“My thanks go out to Tom, Executive Leadership, and my fellow Board members for the opportunity to serve as an independent voice through UDR’s evolution into a highly respected blue-chip company,” said Mr. Klingbeil. “A commitment to innovation and value creation is apparent with each strategic initiative the Company takes, and UDR has an exceptional group of Directors to oversee its continued growth.”
“I am honored that my fellow Directors have elected me to serve as UDR’s next Lead Independent Director,” said Mr. Grove. “I look forward to working with UDR Executive Leadership to drive value and continue our track record of strong corporate governance.”
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
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UDR, Inc.
Trent Trujillo
ttrujillo@udr.com
720-283-6135
Source: UDR, Inc.
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