UDR, Inc. Announces Executive Management Promotions and Leadership Transition Plans
UDR Inc. (NYSE: UDR), a leading multifamily real estate investment trust, has announced key executive management changes effective January 1, 2025. Mike Lacy, who has been with the company since 2006, has been promoted to Chief Operating Officer (COO) from his current position as Senior Vice President – Operations. Additionally, Joe Fisher has been appointed Chief Investment Officer (CIO) while maintaining his role as President and CFO.
The company will initiate an executive search for a new Chief Financial Officer, after which Fisher will continue as President and CIO. UDR currently owns or has ownership positions in 60,123 apartment homes and has a 52-year track record of delivering value to shareholders.
UDR Inc. (NYSE: UDR), un importante fondo di investimento immobiliare multifamiliare, ha annunciato cambiamenti significativi nella gestione esecutiva a partire dal 1 gennaio 2025. Mike Lacy, che lavora con l'azienda dal 2006, è stato promosso a Chief Operating Officer (COO) dalla sua attuale posizione di Vicepresidente Senior – Operazioni. Inoltre, Joe Fisher è stato nominato Chief Investment Officer (CIO), mantenendo il suo ruolo di Presidente e CFO.
L'azienda avvierà una ricerca esecutiva per un nuovo Chief Financial Officer, dopo di che Fisher continuerà come Presidente e CIO. UDR attualmente possiede o ha partecipazioni in 60.123 appartamenti e ha un track record di 52 anni nel fornire valore agli azionisti.
UDR Inc. (NYSE: UDR), un fideicomiso de inversión en bienes raíces multifamiliares líder, ha anunciado cambios clave en la dirección ejecutiva que entrarán en vigor el 1 de enero de 2025. Mike Lacy, quien ha estado con la compañía desde 2006, ha sido promovido a Chief Operating Officer (COO) desde su puesto actual de Vicepresidente Senior – Operaciones. Además, Joe Fisher ha sido nombrado Chief Investment Officer (CIO) manteniendo su rol como Presidente y CFO.
La empresa iniciará una búsqueda ejecutiva para un nuevo Chief Financial Officer, tras lo cual Fisher continuará como Presidente y CIO. UDR actualmente posee o tiene participaciones en 60,123 viviendas y cuenta con un historial de 52 años brindando valor a los accionistas.
UDR Inc. (NYSE: UDR), 선도적인 다가구 부동산 투자 신탁은 2025년 1월 1일부터 시행될 주요 경영진 변경 사항을 발표했습니다. Mike Lacy는 2006년부터 회사에 재직해 왔으며, 현재의 수석 부사장 – 운영 직위에서 Chief Operating Officer (COO)로 승진했습니다. 또한, Joe Fisher는 현재 회장 및 CFO 역할을 유지하면서 Chief Investment Officer (CIO)로 임명되었습니다.
회사는 새로운 Chief Financial Officer를 찾기 위해 경영진 검색을 시작할 예정이며, 이후 Fisher는 회장 및 CIO로 계속 활동하게 됩니다. UDR은 현재 60,123개의 아파트의 소유권이 있거나 소유 지분을 가지고 있으며, 주주에게 가치를 제공한 52년의 경력을 가지고 있습니다.
UDR Inc. (NYSE: UDR), un fonds de placement immobilier multifamilial de premier plan, a annoncé des changements clés dans la direction exécutive qui entreront en vigueur le 1er janvier 2025. Mike Lacy, qui travaille dans l'entreprise depuis 2006, a été promu au poste de Chief Operating Officer (COO) depuis sa position actuelle de Vice-président senior – Opérations. De plus, Joe Fisher a été nommé Chief Investment Officer (CIO) tout en maintenant son rôle de Président et CFO.
L'entreprise lancera une recherche exécutive pour un nouveau Chief Financial Officer, après quoi Fisher continuera comme Président et CIO. UDR possède actuellement ou détient des participations dans 60 123 appartements et a un historique de 52 ans dans la création de valeur pour les actionnaires.
UDR Inc. (NYSE: UDR), ein führender Immobilien-Investmentfonds für Mehrfamilienhäuser, hat wichtige Veränderungen im Management bekannt gegeben, die am 1. Januar 2025 in Kraft treten. Mike Lacy, der seit 2006 im Unternehmen ist, wurde zum Chief Operating Officer (COO) befördert, nachdem er bisher Senior Vice President – Operations war. Zusätzlich wurde Joe Fisher zum Chief Investment Officer (CIO) ernannt, während er seine Funktion als Präsident und CFO beibehält.
Das Unternehmen wird eine Suche nach einem neuen Chief Financial Officer einleiten, nach der Fisher als Präsident und CIO weitermachen wird. UDR besitzt derzeit 60.123 Eigentumswohnungen und hat eine 52-jährige Erfolgsgeschichte darin, den Aktionären Werte zu liefern.
- Strategic leadership consolidation with experienced internal promotions
- Continuity in management with long-serving executives (Lacy since 2006, Fisher since at least 2017)
- Substantial portfolio of 60,123 apartment homes indicating strong market presence
- Temporary dual role for Joe Fisher (President/CFO/CIO) until new CFO is hired could impact operational efficiency
First, Mike Lacy has been promoted to Chief Operating Officer (“COO”) after having served as Senior Vice President – Operations since 2019. Mr. Lacy has served in a variety of operational roles since joining UDR in 2006 and has been instrumental in leading the Company’s operating strategy and implementing many of the Company’s innovative initiatives.
Second, Joe Fisher has been appointed to the role of Chief Investment Officer (“CIO”) in addition to his roles as President and Chief Financial Officer ("CFO”). Mr. Fisher, who has served as the Company’s CFO since 2017, will take on the additional responsibilities of overseeing the Company’s investment and development functions.
Furthermore, 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 capacity and retain the roles of President and Chief Investment Officer.
“On behalf of the Company, our Board, and stakeholders, I would like to thank Joe and Mike for their exemplary leadership and vast contributions to our culture and value creation,” said Tom Toomey, UDR’s Chairman and CEO. “Joe’s transition and elevation to Chief Investment Officer represents a natural expansion of his integral role within the Company. When combined with Mike’s numerous years of operational excellence and expanded role as Chief Operating Officer, we have further aligned the execution of our value creation initiatives across the organization.”
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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