UDR CEO Toomey Assumes Presidency After Fisher Resignation

UDR, Inc., a leading multifamily real estate investment trust, announced the resignation of Joe Fisher from his roles as President and Chief Investment Officer, effective September 2, 2025. Fisher, who had been with UDR since 2017 and served in various leadership roles including CFO, will assist with the transition through the end of the year. The company's Board appointed Chairman and CEO Tom Toomey as the new President, consolidating leadership roles as Toomey and senior management take over Fisher's responsibilities. Fisher expressed gratitude for his nine years at UDR and confidence in the company's future due to its strong talent and market position. UDR owns or holds interests in over 60,000 apartment homes, including 300 under development, and recently raised its full-year 2025 guidance following strong Q2 earnings. Analysts maintain a Hold rating on UDR stock with a price target around $43, citing the company’s diversified multifamily portfolio and strategic leadership changes amid evolving market conditions.