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United Dominion Shuffles Staff and Moves Executives to Denver

RICHMOND, VA-Some 15 posts have been eliminated from the REIT's property-management operation in the wake of top-level shifts. The firm's spokespeople are mum about the possibility of a Denver HQ.

By Marlon Millner | Updated on July 24, 2001

RICHMOND, VA-United Dominion Realty Trust has shuffled its property management staff and moved executive staff to Denver from Richmond, VA. The company announced the completion of this shuffling late Monday as part of its second-quarter earnings report.

United Dominion officials say that about 15 positions were eliminated in the property-management organization. The multifamily real estate investment trust also has established a new executive office in Denver and replaced its former senior management team.

A company spokeswoman could not tell GlobeSt.com if the move of the executives was in fact a corporate-headquarters relocation for the nation’s first apartment REIT. In March, John McCann, longtime chairman and CEO, resigned his chairmanship position, having quit his CEO post in February. John S. Schneider retired as chief operating officer. Tom Toomey became the new president and CEO.

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