UDR is New Name for United Dominion Realty Trust, Company
RICHMOND, Va. - United Dominion Realty Trust, Inc. has announced that it has officially changed its name to UDR, Inc. unveiled a new logo and corporate identity, and established the name RE3 for its taxable REIT subsidiary activity. The Company’s NYSE ticker symbol will remain UDR but the CUSIP Number for the common stock is now 902653104. UDR is the nation’s fourth largest apartment REIT, managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets.
“For more than 30 years, the United Dominion name has stood for quality real estate and a solid investment. We have a demonstrated performance history of delivering superior shareholder returns. Today’s announcement reflects the evolutionary changes we have made, focusing on our future. Our vision is to be the innovative multi-family investment of choice, and we are committed to value creation through innovation,” stated Thomas W. Toomey, President and Chief Executive Officer. “We are well on our way to realizing our vision as we implement new strategies to guide our actions and accelerate growth.”
The new UDR logo suggests the opportunity represented by a door opening or a window to the future. To complement the logo, the Company introduced a new tagline, Opening Doors to the Future. The Company is committed to executing strategies that accelerate growth and promise a bright future to investors, residents and associates.
“We have established the name RE3 for our subsidiary that focuses on development, redevelopment, land entitlement and short-term hold investments,” said W. Mark Wallis, Senior Executive Vice President. “REITs have traditionally bought, held and operated properties. To compete for talent, capital and investors, we need to evolve and explore new opportunities. RE3 is poised to capture superior returns through all market cycles and we are accumulating a portfolio of properties and creating innovative deal structures that offer flexibility for value creation.”
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