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Real estate industry

United Dominion Realty Trust Appoints Thomas C. Wajnert to Board of Directors

Strategic Insights

— 1 min read

Robert C. Larson, Chairman of the Board, has welcomed Thomas C. Wajnert to the Company's Board of Directors, citing his "widely respected and deeply experienced business leadership" which will bring great insight and expertise to the Board's deliberations. Mr. Wajnert, Managing Director of Fairview Advisors, LLC, has a strong background in business, including his roles as Chairman and CEO of AT&T Capital Corporation and Founder of the middle market merchant bank in 2002.

Key Takeaways:

  • Thomas C. Wajnert, a widely respected business leader, has been appointed to the Board of Directors of United Dominion Realty Trust, Inc.
  • Mr. Wajnert brings extensive experience in business leadership, including his roles as Chairman and CEO of AT&T Capital Corporation and Founder of Fairview Advisors, LLC.
  • The Company values Mr. Wajnert's expertise, citing his ability to add "great insight and expertise to our Board deliberations."
  • United Dominion Realty Trust is the fourth largest apartment REIT, owning and operating apartment communities nationwide.
  • The Company has a history of delivering exceptional returns to shareholders, raising the dividend each year for 29 consecutive years.
  • United Dominion is included in the S&P MidCap 400 Index and owns 74,875 apartment homes and has 1,335 homes under development as of December 31, 2005.

Statistics:

  • United Dominion Realty Trust is the fourth largest apartment REIT.
  • The Company owns 74,875 apartment homes and has 1,335 homes under development.
  • United Dominion has raised the dividend each of the last 29 years.
  • The Company is included in the S&P MidCap 400 Index.
  • Mr. Wajnert founded Fairview Advisors, LLC in 2002 after serving as a consultant and leading private equity sponsored firms.

Sources:

  • United Dominion Realty Trust, Inc. press release, January 25, 2006 (NYSE: UDR)
  • United Dominion Realty Trust, Inc. website (www.udrt.com)
  • United Dominion Realty Trust, Inc. annual report, December 31, 2005

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