{"id":830903,"date":"2025-03-27T17:04:31","date_gmt":"2025-03-27T21:04:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/udr-announces-updates-to-board-of-directors\/"},"modified":"2025-03-27T17:04:31","modified_gmt":"2025-03-27T21:04:31","slug":"udr-announces-updates-to-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/udr-announces-updates-to-board-of-directors\/","title":{"rendered":"UDR Announces Updates to Board of Directors"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>UDR Announces Updates to Board of Directors<\/b><\/p>\n<p>DENVER&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.udr.com%2F&amp;esheet=54229981&amp;newsitemid=20250327297250&amp;lan=en-US&amp;anchor=UDR%2C+Inc.&amp;index=1&amp;md5=f771928b2a9db371b5e4058929000214\">UDR, Inc.<\/a> (the \u201cCompany\u201d) (NYSE: UDR), a leading multifamily real estate investment trust, today announced that James \u201cJim\u201d D. Klingbeil has decided not to seek re-election to the Company\u2019s Board of Directors (the \u201cBoard\u201d) at the Company\u2019s upcoming Annual Shareholder Meeting. Mr. Klingbeil will continue to serve as a member of the Board until his elected term ends at the Annual Shareholder Meeting and will relinquish his role as Lead Independent Director at that time. Accordingly, the Board has elected Jon A. Grove, a current Director of the Board, to serve as its next Lead Independent Director. Furthermore, the Board has appointed Mr. Klingbeil as Chairman Emeritus effective upon the expiration of his current Board term.\n<\/p>\n<p>\nMr. 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 (\u201cULI\u201d) and a member of the ULI Foundation Board. Mr. Klingbeil\u2019s 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\u2019s stakeholders.\n<\/p>\n<p>\n\u201cJim is a legend in the real estate industry, and UDR has greatly benefitted from his knowledge, experience, and guidance over the past 27 years,\u201d said Tom Toomey, UDR\u2019s Chairman and CEO. \u201cWe 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.\u201d\n<\/p>\n<p>\n\u201cMy thanks go out to Tom, Executive Leadership, and my fellow Board members for the opportunity to serve as an independent voice through UDR\u2019s evolution into a highly respected blue-chip company,\u201d said Mr. Klingbeil. \u201cA 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.\u201d\n<\/p>\n<p>\n\u201cI am honored that my fellow Directors have elected me to serve as UDR\u2019s next Lead Independent Director,\u201d said Mr. Grove. \u201cI look forward to working with UDR Executive Leadership to drive value and continue our track record of strong corporate governance.\u201d\n<\/p>\n<p><b><span class=\"bwuline\">About UDR, Inc.<\/span><\/b><\/p>\n<p>\nUDR, Inc. (NYSE: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fir.udr.com%2Fstock-information%2Fstock-quote%2Fdefault.aspx&amp;esheet=54229981&amp;newsitemid=20250327297250&amp;lan=en-US&amp;anchor=UDR&amp;index=2&amp;md5=eca717c8dfaf6ed0547b1f398b81b4ec\">UDR<\/a>), an S&amp;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 U.S. markets. As of December 31, 2024, UDR owned or had an ownership position in 60,120 apartment homes. For over 52 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250327297250r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250327297250\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250327297250\/en\/<\/a><\/span><\/p>\n<p><b><span class=\"bwuline\">UDR, Inc.<br \/>\n<\/span><\/b><br \/>Trent Trujillo<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ttrujillo@udr.com\">ttrujillo@udr.com<br \/>\n<\/a><br \/>720-283-6135\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Colorado<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Construction &amp; Property REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250327297250\/en\/834782\/3\/UDR_-_Opening_Doors_to_the_Future_Logo_-_Trademarked.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>UDR Announces Updates to Board of Directors DENVER&#8211;(BUSINESS WIRE)&#8211;UDR, Inc. (the \u201cCompany\u201d) (NYSE: UDR), a leading multifamily real estate investment trust, today announced that James \u201cJim\u201d D. Klingbeil has decided not to seek re-election to the Company\u2019s Board of Directors (the \u201cBoard\u201d) at the Company\u2019s upcoming Annual Shareholder Meeting. Mr. Klingbeil will continue to serve as a member of the Board until his elected term ends at the Annual Shareholder Meeting and will relinquish his role as Lead Independent Director at that time. Accordingly, the Board has elected Jon A. Grove, a current Director of the Board, to serve as its next Lead Independent Director. Furthermore, the Board has appointed Mr. Klingbeil as Chairman Emeritus effective upon the expiration of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/udr-announces-updates-to-board-of-directors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;UDR Announces Updates to Board of Directors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830903","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UDR Announces Updates to Board of Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/udr-announces-updates-to-board-of-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UDR Announces Updates to Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"UDR Announces Updates to Board of Directors DENVER&#8211;(BUSINESS WIRE)&#8211;UDR, Inc. (the \u201cCompany\u201d) (NYSE: UDR), a leading multifamily real estate investment trust, today announced that James \u201cJim\u201d D. Klingbeil has decided not to seek re-election to the Company\u2019s Board of Directors (the \u201cBoard\u201d) at the Company\u2019s upcoming Annual Shareholder Meeting. Mr. Klingbeil will continue to serve as a member of the Board until his elected term ends at the Annual Shareholder Meeting and will relinquish his role as Lead Independent Director at that time. Accordingly, the Board has elected Jon A. Grove, a current Director of the Board, to serve as its next Lead Independent Director. 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(the \u201cCompany\u201d) (NYSE: UDR), a leading multifamily real estate investment trust, today announced that James \u201cJim\u201d D. Klingbeil has decided not to seek re-election to the Company\u2019s Board of Directors (the \u201cBoard\u201d) at the Company\u2019s upcoming Annual Shareholder Meeting. Mr. Klingbeil will continue to serve as a member of the Board until his elected term ends at the Annual Shareholder Meeting and will relinquish his role as Lead Independent Director at that time. Accordingly, the Board has elected Jon A. Grove, a current Director of the Board, to serve as its next Lead Independent Director. 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