United Dominion Realty Trust, Inc. (NYSE: UDR) is pleased to announce that Moises "Moe" Vela Jr. has joined the Company as Senior Vice President, Multicultural Strategy. Mr. Vela will be responsible for developing strategies and programs to enhance the Company's attractiveness to an increasingly diverse employment and resident base.
Mr. Vela brings 20 years of business and public service experience as a national Latino leader to the newly created position. Most recently, he was the Executive Director of the National Association of Hispanic Real Estate Professionals (NAHREP) in San Diego. Prior to NAHREP, Mr. Vela established a private consulting practice, Diverse Directions LLC, advising clients on marketing strategies, government issues and media relations, targeting the Hispanic community. His career also includes experience as COO of Soloella.com, the first Latina-centric Web site, and a distinguished career in public service, including serving as Senior Advisor on Hispanic Affairs and Chief Financial Officer for Vice President Al Gore.
"Moe's extensive private industry and public service leadership experience makes him a valuable addition to our senior management team," said Chris Genry, Executive Vice President and Chief Financial Officer of United Dominion. "His background in operations, finance, marketing and sales combined with his real estate knowledge and his understanding of the needs of minorities offer a unique blend that will help us better serve our residents and associates."
"I look forward to shaping the appropriate long-term business strategies at United Dominion to assure we meet the demands of a changing resident base," said Vela. "The Company's apartment homes are located in fast-growing markets where trends are reshaping the cultural mix of residents. Our future success will be enriched based on how well we meet the varied needs of a diverse population."
Mr. Vela received his BA degree from the University of Texas and his JD from St Mary's University School of Law, and is a member of the State Bar of Texas.
About United Dominion Realty Trust, Inc.
United Dominion is the fourth-largest apartment REIT, owning and operating apartment communities nationwide. The Company has raised the dividend each of the last 29 years. United Dominion is included in the S&P MidCap 400 Index. At December 31, 2004, the Company owned 78,855 apartment homes and had 1,311 homes under development. Additional information about United Dominion may be found on its Web site at www.udrt.com.
CONTACT: United Dominion Realty Trust, Inc.
Larry Thede, 720-283-2450
SOURCE: United Dominion Realty Trust, Inc.