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Harry Alcock Joins UDR as Senior Vice President

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  Published in Business and Finance on Tuesday, December 14th 2010 at 13:15 GMT by Market Wire
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DENVER--([ BUSINESS WIRE ])--[ UDR, Inc. ] (NYSE: UDR), a leading multifamily real estate investment trust (REIT), announced today that Harry Alcock has joined the company as senior vice president. Mr. Alcock will be responsible for investment activity, including acquisitions, dispositions, redevelopment and asset management in the companya™s east coast markets. Matt Akin, senior vice president, will have the same responsibilities for the companya™s west coast markets.

"Harrya™s market knowledge, including the completion of $30 billion of transactions over the last 22 years, combined with his vast asset management experience, will help to fill a portion of the vacancy created by the retirement of Senior Executive Vice President Mark Wallis in December"

aHarry is a talented real estate executive and we are excited he has decided to join UDR,a said Tom Toomey, president and chief executive officer of UDR. aI have known Harry for 17 years, including working together for seven years at Apartment Investment and Management Company (aAimcoa), and have witnessed firsthand his successes and professionalism. He will make a great addition to the UDR team.a

Prior to joining UDR, Mr. Alcock was an executive vice president with Aimco, a Denver-based multifamily real estate investment trust. As chief investment officer, Mr. Alcock was responsible for transaction activity as the company grew from a portfolio of 37 owned communities with a total real estate value of $300 million to a portfolio of 2,000 communities with a total real estate value of more than $15 billion. In addition, he established and chaired Aimcoa™s Investment Committee, launched the companya™s portfolio management function, at various times oversaw its property debt and redevelopment departments and served as co-head of its transactions and asset management department.

aHarrya™s market knowledge, including the completion of $30 billion of transactions over the last 22 years, combined with his vast asset management experience, will help to fill a portion of the vacancy created by the retirement of Senior Executive Vice President Mark Wallis in Decembera said Toomey.

About UDR, Inc.

UDR, Inc. (NYSE:UDR), an S&P 400 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 November 8, 2010, UDR owned or had an ownership position in 58,796 apartment homes including 712 homes under development. For over 38 years, UDR has delivered long-term value to shareholders, the best standard of service to residents, and the highest quality experience for associates. Additional information can be found on the Company's website at [ www.udr.com ].