Apartment REIT anticipates bigger opportunities, UDR's Toomey says

09/9/2009 | REIT.com

The real challenge facing apartment REIT UDR Inc. in the coming years will be in exercising patience in the face of ever greater opportunities, said Thomas Toomey, the firm's president and CEO. The REIT plans to focus on enhancing its financial flexibility, making more effective use of technology and further refinement of its property management. "We believe this will position us well for the impending growth in our business, from an increase in the number of renters and record-low development activities to a tendency for capital to flow to superior operators with large footprints," he said.

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