Business
UDR Announces Updates to Board of Directors
DENVER, March 27, 2025--UDR, Inc. (the "Company") (NYSE: UDR), a leading multifamily real estate investment trust, today announced that James "Jim" D. Klingbeil has decided not to seek re-election to the Company’s Board of Directors (the "Board") at the Company’s 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. Acc
About this update from Udr, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1707,"height":504,"url":"https://media.zenfs.com/en/business-wire.com/d5cb3bc587a56dc15c6c086dfc99f2c8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/SowRnl0W..qj5silrI8Ajw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI4MztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/d5cb3bc587a56dc15c6c086dfc99f2c8","width":960,"height":283},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/f7zJQ2gsiUGVjd3wCC76TA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03MDg7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/d5cb3bc587a56dc15c6c086dfc99f2c8","width":1200,"height":354}},"lazy":false},{"type":"text","content":"DENVER, March 27, 2025--(BUSINESS WIRE)--UDR, Inc. (the "Company") (NYSE: UDR), a leading multifamily real estate investment trust, today announced that James "Jim" D. Klingbeil has decided not to seek re-election to the Company’s Board of Directors (the "Board") at the Company’s 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.","length":802,"tagName":"p"},{"type":"text","content":"Mr. 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...