UDR Business Summary

UDR, Inc. (UDR) is a leading S&P 500 multifamily real estate investment trust (REIT) that generates revenue primarily through the ownership, management, and development of high-quality apartment communities across targeted U.S. markets. As of March 2026, the company manages a portfolio of approximately 61,000 apartment homes, utilizing a vertically integrated business model that balances steady rental income with strategic capital recycling through property dispositions and joint venture expansions. UDR’s operations are segmented into Same-Store and Non-Same-Store communities, with a geographic focus on high-barrier-to-entry coastal and urban markets. Within the competitive landscape, UDR contends directly with major residential REITs such as Equity Residential (EQR), AvalonBay Communities (AVB), and Camden Property Trust (CPT). The company maintains a premium market position by leveraging its proprietary "Next Generation" operating platform, which uses AI-driven data analytics and centralized management to drive superior net operating income (NOI) growth and operational efficiency compared to its peers. The leadership team is anchored by Chairman and CEO Thomas W. Toomey, who has led the company since 2001 and previously held senior executive roles at AIMCO and Lincoln Property Company. The executive suite includes Senior VP and CFO David D. Bragg, who joined in 2025 with a pedigree from Green Street and Roots Management Group, and Senior VP and Chief Legal Officer Keith Benson, formerly a partner at Latham & Watkins. Technology and digital strategy are overseen by SVP and Chief Digital Officer R. Scott Wesson, while day-to-day operations are managed by COO Michael D. Lacy. UDR’s board of directors features high-profile industry veterans, including 2026 appointee Ellen M. Goitia, a former KPMG audit partner, and Richard B. Clark, the former CEO of Brookfield Property Group. This leadership collective provides a deep bench of capital markets and multifamily expertise for the firm, which was originally founded in 1972 by Robert C. Larson.