Key Takeaways
- • UDR, Inc. (NYSE: UDR) has appointed Scott McCallum as Executive Vice President – Chief Investment Officer, effective November 5, 2026, according to a Business Wire announcement.
- • McCallum joins from Blackstone Inc., where he most recently served as a Managing Director in the Real Estate Group after joining the firm in 2017.
- • McCallum will report to Thomas W. Toomey, UDR's Chairman, President, and Chief Executive Officer, and will lead the company's investment team.
- • UDR owned or had an ownership position in 60,259 apartment homes as of June 30, 2026, including 685 under development.
Summary
UDR, Inc., a multifamily real estate investment trust listed on the NYSE and included in the S&P 500, announced that Scott McCallum will join the company as Executive Vice President – Chief Investment Officer effective November 5, 2026, according to a Business Wire press release dated October 14, 2026. McCallum will report directly to Thomas W. Toomey, Chairman, President, and Chief Executive Officer.
McCallum brings roughly a decade of experience in real estate investment across several property types, with a current focus on new multifamily investment opportunities. He joins UDR from Blackstone Inc., which the release describes as the world's largest alternative asset manager with more than $1.3 trillion in assets under management. He joined Blackstone in 2017 and most recently served as a Managing Director in its Real Estate Group. His work there included real estate investments in Canada and the United States and transactions contributing to the growth of Blackstone's residential platforms in North America. Before entering the private sector, McCallum was an officer in the United States Navy. He holds a BS in Honors Economics with an Arabic minor from the United States Naval Academy.
Toomey said McCallum is "well positioned to lead our investment team" and that his experience in real estate investments and transactions would "further enhance our data driven platform capabilities." McCallum said he was honored to serve as UDR's Chief Investment Officer and to lead "an extremely talented and motivated team."
UDR reported owning or holding an ownership position in 60,259 apartment homes as of June 30, 2026, including 685 apartment homes under development. The company says it has operated for over 54 years. The announcement contains no financial terms of the appointment.
McCallum brings roughly a decade of experience in real estate investment across several property types, with a current focus on new multifamily investment opportunities. He joins UDR from Blackstone Inc., which the release describes as the world's largest alternative asset manager with more than $1.3 trillion in assets under management. He joined Blackstone in 2017 and most recently served as a Managing Director in its Real Estate Group. His work there included real estate investments in Canada and the United States and transactions contributing to the growth of Blackstone's residential platforms in North America. Before entering the private sector, McCallum was an officer in the United States Navy. He holds a BS in Honors Economics with an Arabic minor from the United States Naval Academy.
Toomey said McCallum is "well positioned to lead our investment team" and that his experience in real estate investments and transactions would "further enhance our data driven platform capabilities." McCallum said he was honored to serve as UDR's Chief Investment Officer and to lead "an extremely talented and motivated team."
UDR reported owning or holding an ownership position in 60,259 apartment homes as of June 30, 2026, including 685 apartment homes under development. The company says it has operated for over 54 years. The announcement contains no financial terms of the appointment.
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