Thomas W. Toomey serves as Chairman of the Board, Chief Executive Officer of the Company. Over his tenure, Mr. Toomey has been instrumental in repositioning UDR’s portfolio, including the acquisition and disposition of over $17 billion in multifamily communities and development of $4 billion in multifamily communities, which has led to above-average return of 13% for UDR’s shareholders. As of December 2018, UDR owned or had an ownership interest in approximately 48,860 apartment homes in select markets across the U.S. Chief Executive Officer of UDR. Prior to heading UDR, Mr. Toomey held various senior positions, including Chief Operating Officer and Chief Financial Officer, with AIMCO (NYSE), a multifamily REIT peer. At AIMCO, Mr. Toomey was instrumental in transforming the company into the largest apartment owner in the U.S., growing its portfolio ten-fold over his tenure. Prior to AIMCO, Mr. Toomey served as a Senior Vice President with Lincoln Property Company, a multifaceted, national real estate firm, for five years. As a leader in the real estate industry, Mr. Toomey is Global Chair, a Trustee, Governor and Board member of the Urban Land Institute (ULI), a member of the Board of Governors of the National Association of Real Estate Investment Trusts (NAREIT), on the Executive Committee of the National Multi Housing Council (NMHC), a member of The Real Estate Roundtable and is Chair and a Trustee of the Oregon State University Foundation. Mr. Toomey served on the board of directors and was a member of the audit committee of The Ryland Group, Inc. (NYSE), a home builder, from December 2013 until its merger with Standard Pacific in October 2015.
What is Thomas W. Toomey's net worth?
The estimated net worth of Thomas W. Toomey is at least $37.68 million as of June 7th, 2024. Mr. Toomey owns 849,716 shares of UDR stock worth more than $37,676,407 as of November 21st. This net worth approximation does not reflect any other investments that Mr. Toomey may own. Additionally, Mr. Toomey receives an annual salary of $947,990.00 as CEO at UDR. Learn More about Thomas W. Toomey's net worth.
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Has Thomas W. Toomey been buying or selling shares of UDR?
Thomas W. Toomey has not been actively trading shares of UDR during the last quarter. Most recently, Thomas W. Toomey sold 90,000 shares of the business's stock in a transaction on Friday, June 7th. The shares were sold at an average price of $39.52, for a transaction totalling $3,556,800.00. Following the completion of the sale, the chief executive officer now directly owns 849,716 shares of the company's stock, valued at $33,580,776.32. Learn More on Thomas W. Toomey's trading history.
Who are UDR's active insiders?
Are insiders buying or selling shares of UDR?
During the last twelve months, insiders at the real estate investment trust sold shares 3 times. They sold a total of 139,500 shares worth more than $5,434,065.00. The most recent insider tranaction occured on June, 7th when CEO Thomas W Toomey sold 90,000 shares worth more than $3,556,800.00. Insiders at UDR own 3.7% of the company.
Learn More about insider trades at UDR. Information on this page was last updated on 6/7/2024.