UDR CIO Joe Fisher to step down

UDR (UDR) announced that Joe Fisher has stepped down from his positions as President and Chief Investment Officer effective as of the close of business on September 2, 2025. As part of the separation agreement, Fisher has agreed to provide transition assistance through December 31, 2025. Fisher had served as UDR’s President since 2022 and Chief Investment Officer since January 2025, having previously served as the company’s Chief Financial Officer between 2017 and 2025. In connection with Fisher’s departure, the company’s Board of Directors appointed Tom Toomey as the company’s President, in addition to his roles as the company’s Chairman and CEO. Toomey, along with other members of the company’s senior management team, will assume Mr. Fisher’s responsibilities. “Joe made significant contributions across the organization since joining UDR in early 2017 and will be missed,” said Tom Toomey. “I am grateful that UDR and its investors have benefitted from Joe’s expertise, and on behalf of our Board of Directors and the Company, I thank Joe for his service and wish him well in his future endeavors.”