UDR, Inc. (NYSE:UDR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective January 1, 2019, the Board of Directors of UDR, Inc. (the “Company”) appointed Jerry A. Davis, the Company’s Senior Vice President – Chief Operating Officer, as President and Chief Operating Officer. Mr. Davis had been serving as the Company’s Senior Vice President – Chief Operating Officer since February 2013.
Mr. Davis, age 56, joined the Company in March 1989, as Controller and subsequently moved into Operations as an Area Director.Mr. Davis left the Company in 2001 to serve as Chief Operating Officer of JH Management Co. and rejoined the Company in August 2002 as an operations analyst and was promoted to Vice President, Area Director in September 2004.In November 2007 he was promoted to Senior Vice President – Property Operations and he became Senior Vice President – Chief Operating Officer in February 2013.No family relationship exists between Mr. Davis and any of the Company’s directors or executive officers.The Company has not entered into any new compensation arrangements with Mr. Davis in connection with his appointment.Mr. Davis is not a party to any transaction required to be disclosed to Item 404(a) of Regulation S-K.
About UDR, Inc. (NYSE:UDR)
UDR, Inc. is a real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities generally located in various markets across the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other. The Company’s consolidated real estate portfolio includes approximately 130 communities located in over 20 markets, with a total of approximately 40,730 completed apartment homes. The Company holds an ownership interest in approximately 30 communities containing over 6,700 apartment homes through unconsolidated joint ventures or partnerships. The Company is engaged in the development of a community with approximately 520 apartment homes and over four unconsolidated joint venture communities with approximately 1,170 apartment homes. The Company’s properties are located in various areas, such as California, Florida, Maryland, Oregon, Massachusetts and Texas.