Chairman, President & Chief Executive Officer, Udr
Search every verified Thomas Toomey interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Thomas Toomey, Chairman, President, and CEO of UDR, discussed the company's fourth-quarter 2019 results on a February 2020 earnings call, expressing optimism about 2020 and the company's future. He noted strong job growth and demand in certain markets, including the Eastside of Seattle, where he said tech companies like Facebook and Microsoft were expanding, and San Francisco, which he said could surprise to the upside if job growth absorbs new supply. Toomey also commented on the multifamily industry's long-term focus, stating that value creation and price appreciation come from cash flow growth, and that investor focus has shifted over time from development capabilities to market mix and revenue. In earlier appearances, Toomey spoke about his role as ULI Global Chairman, emphasizing the importance of maintaining a culture of openness and transparency while expanding corporate membership, which he said had grown to over 2,000 corporate members. He discussed ULI's efforts to provide tools and solutions for members, including initiatives like Urban Plan, which connects corporate members with local schools. In 2012, Toomey described UDR's portfolio transformation over his 12 years as CEO, involving over $14 billion in transactions, and highlighted favorable supply-demand fundamentals for apartments, citing over 1.5 million people added to the rental pool annually versus 250,000 to 300,000 apartment homes built. He also addressed technology's impact on the multifamily sector, including customer feedback systems and operational efficiency.
ULI Global Chairman Tom Toomey and ULI Global Governing Trustee Michael Spies reflect on ULI’s impact on their careers and a new initiative to engage corporate members.
http://www.reit.com Tom Toomey, president and CEO of UDR Inc. (NYSE: UDR), joined REIT.com for a video interview at REITWorld 2012: NAREIT's Annual Convention at the Manchester Grand Hyatt in San Diego. UDR, an S&P 400 company, is a multifamily REIT that manages, buys, sells, develops and redevelops real estate properties in targeted U.S. markets. As of Sept. 30, UDR owned or had an ownership position in 54,985 apartment homes, including 2,441 properties under development. After 12 years serving as UDR's CEO, Toomey discussed the current transformative period that the company is experiencing…
At ULI's 2011 Fall Meeting, Tom Toomey, CEO of UDR, discusses important changes coming to real estate.
UDR President and CEO Tom Toomey details his company's growth strategy.
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