Thomas W. Toomey is the Chairman and Chief Executive Officer of UDR, Inc., a company involved in real estate investment and property management. Born in 1961, he graduated with a Bachelor's degree in Business Administration from the University of Florida....
Thomas W. Toomey is the Chairman and Chief Executive Officer of UDR, Inc., a company involved in real estate investment and property management. Born in 1961, he graduated with a Bachelor's degree in Business Administration from the University of Florida. Toomey has had a significant career in real estate, leading UDR since February 2001 after serving at Apartment Investment and Management Company (AIMCO) as Chief Operating Officer and Chief Financial Officer. Under his leadership, UDR has seen considerable growth and development. Interestingly, in 2021, Toomey's total compensation was around $14.2 million, primarily through stock awards, which reflects the company's strategy of tying executive pay closely to performance. In 2024, UDR secured him with a new Executive Agreement that includes a base salary of $900,000 and potential bonuses tied to company performance. Despite fluctuations in stock values, he has continuously maintained a strong portfolio with his insider holdings peaking at approximately $81 million in 2019. Notably, in a recent move, Toomey voluntarily forfeited a supplemental equity award, a testament to his commitment to aligning with shareholders and focusing on long-term company success.