Fox Business - The Power to Prosper
Search Site

AIMCO

UDR Names Industry Veteran Herzog as New CFO

UDR Inc. (UDR) named industry veteran Tom Herzog as the apartment real-estate investment trust's chief financial officer starting next month.Mr. Herzog's prior experience includes serving as CFO at Denver-based real-estate investment company Amstar, as well as health-care property company HCP Inc. (HCP) from 2009 to 2011 and Apartment Investment & Management Co. (AIV), or Aimco, from 2005 to 2009.The company's former CFO, David L. Messenger, left UDR in May for an opportunity outside the company. He had been with UDR for 10 years, including four years as CFO.UDR in October reported that its third-quarter loss narrowed as the REIT reported that rental revenue and occupancies continued to improve.Shares closed Tuesday at $23.17 and were inactive in recent after-hours trading. The stock is down 7.7% this year.Write to Tess Stynes at tess.stynes@dowjones.comSubscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2012 Dow Jones Newswires...

Read More

  1. Alberta Fund Buys Australia Timberland For A$415 Million

    CALGARY -(Dow Jones)- Alberta's $70 billion pension fund said Thursday it paid A$415 ($411.2 million) for more than 1,500 square miles of forest land in Australia .A...

  2. Alberta Pension Fund Buys Australia Timberland For A$415 Million

    CALGARY -(Dow Jones)- Alberta's $70 billion pension fund said Thursday it paid A$415 ($411.2 million) for more than 1,500 square miles of forest land in Australia .A...

  3. China orders state firms to explore Potash bid

    * Chinese, others sound out major Canadian fund on Potash (Updates with sources' comments on official order, possibleSinochem-CIC tie-up)By Joseph Chaney and Victori...

  4. Canada fund approached by China investors on Potash

    (Adds comments from Saskatchewan Premier; in U.S. dollarsunless noted)By Rod Nickel and Joseph ChaneyTORONTO/HONG KONG (Reuters) - Chinese and otherinvestors have ap...

  5. Alberta fund approached by China about Potash bid

    TORONTO (Reuters) - Alberta's public sector fundmanager has been approached by Chinese sovereign wealth fundsand other parties about participating in a takeover bid ...

  6. Protect Your Portfolio

    FBN market experts break down how to keep your portfolio afloat this summer.

  1. Residential REITS Active On BMO Call, Banks Gain

    U.S. financial stocks rose on Thursday with banks and residential real estate investment trusts taking the lead. Shares of Apartment Investment & Management led gain...

  2. WSJ: Viterra Draw Interest Of Possible Buyers

    Glencore International AG and Cargill Inc. are among companies that are interested in possibly buying Canadian agribusiness heavyweight Viterra Inc., according to pe...

  3. Apartment Appeal Is Weakening For Some Investors

    The apartment sector, one of the best-performing of the commercial real-estate market in recent years, is starting to lose some appeal for investors.Last year, resid...

  4. Jana, Aimco Sold 2.8 Million TNT Express Shares - Regulator

    Jana Partners LLC and Alberta Investment Management Co. ( Aimco ) have sold 3 million shares of TNT Express NV (TNTE.AE), sending their stake to below the 5% thresho...

  5. Protect Your Portfolio

    FBN market experts break down how to keep your portfolio afloat this summer.

  6. Bulls & Bears

    Predictions: Don't bet on Vick

  7. Today's Market News: Recovery on the Horizon?

    What's the latest on the current economic condition?

Freebase CC-BY
Source: AIMCO on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL