DENVER - UDR, Inc. (NYSE: UDR), a prominent multifamily real estate investment trust, today announced the upcoming retirement of Harry G. Alcock, its Senior Vice President and Chief Investment Officer (CIO). Alcock is set to retire from his CIO role on July 31, 2024, and will subsequently assume a consulting position with the company, focusing on transactions.
Alcock, who has been with UDR for over 13 years, played a vital role in the company's growth, which saw its enterprise value increase from $8 billion in 2010 to $20 billion today. Tom Toomey, UDR's Chairman and CEO, acknowledged Alcock's contributions and the positive impact of his work on the company and its investors.
Following Alcock's transition, H. Andrew Cantor will continue to manage the company's transactions platform, a responsibility he has held for the past 12 years of his more than 14-year tenure with UDR. Additionally, Bob McCullough will maintain his role overseeing UDR's development platform, which he has done for 11 years.
In his statement, Alcock expressed gratitude for his time at UDR and confidence in the company's future, highlighting the leadership of Toomey and the team of investment professionals, including Cantor, McCullough, Doug Fee, and Andrew Lavaux.
UDR has a longstanding history of over 51 years in the real estate industry, managing a portfolio that includes 60,336 apartment homes and 359 homes under development as of December 31, 2023. The company is recognized for its sustainability efforts and has been named a GRESB Sector Leader.
This announcement is based on a press release statement from UDR, Inc.
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