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

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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.

On July 8, 2017, Shawn G. Johnston informed UDR, Inc. (the "Company") of his resignation as the Company’s Vice President – Chief Accounting Officer, effective August 4, 2017.

In light of Mr. Johnston’s resignation, Tracy L. Hofmeister, the Company’s Vice President – Controller, age 46, will serve as the Company’s Interim Principal Accounting Officer, until a permanent Principal Accounting Officer is hired.Mr. Hofmeister joined the Company in March, 2013 as Vice President – Technical Accounting and SEC Reporting and became Vice President – Controller in March, 2016.Mr. Hofmeister is a Certified Public Accountant and a graduate of the University of Colorado.No family relationship exists between Mr. Hofmeister and any of the Company’s directors or executive officers.The Company has not entered into any new compensation arrangements with Mr. Hofmeister in connection with his interim appointment.Mr. Hofmeister is not a party to any transaction required to be disclosed to Item 404(a) of Regulation S-K.

The Company will commence an evaluation of internal and external candidates for the role of Chief Accounting Officer and Principal Accounting Officer.


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.