UDR, Inc. announced today the appointment of Richard “Ric” B. Clark to its Board of Directors, effective October 3. Mr. Clark will serve as an independent director and has been named to the Nominating and Governance Committee and the Audit and Risk Management Committee. The appointment expands the Board to nine members as part of the company’s long‑term succession plan for director refreshment.
Mr. Clark brings more than four decades of real‑estate investment and capital‑markets experience. From 1984 to 2021 he held senior leadership roles at Brookfield Corporation, including Chairman and CEO of Brookfield Property Group, Brookfield Property Partners, and Brookfield Office Properties. Under his leadership, Brookfield’s real‑estate group grew from $5 billion to over $200 billion in assets under management and expanded into multifamily, industrial, hotel, and retail sectors. He later founded Burnside Investments and co‑founded WatermanClark, a vertically integrated real‑estate investment and operating company.
The addition of Mr. Clark strengthens UDR’s board with deep expertise in capital raising, strategic investment, and human‑capital oversight. His experience in scaling large real‑estate portfolios and navigating complex capital‑market transactions aligns with UDR’s disciplined, opportunistic capital‑allocation strategy. The board expansion supports the company’s long‑term governance framework and positions UDR to capitalize on future growth opportunities while maintaining robust oversight of risk and performance.
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