# UDR Recruits Former Blackstone Executive Scott McCallum as Investment Chief

- URL: https://stocks.freetheai.org/news/udr-recruits-former-blackstone-executive-scott-mccallum-as-investment-chief-d4774c
- Published: 2026-10-14T20:16:00Z
- Category: company_news; sentiment: neutral; impact: low
- Symbols: [NYSE:UDR](https://stocks.freetheai.org/symbols/NYSE-UDR)
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Multifamily real estate trust UDR, Inc. (UDR) has selected Scott McCallum as its incoming Executive Vice President and Chief Investment Officer, starting November 5, 2026. In his new position, McCallum will answer directly to Thomas W. Toomey, who leads the firm as Chairman, President, and Chief Executive Officer.

McCallum steps into the executive role following nearly a decade at private equity manager Blackstone Inc., where he was most recently a Managing Director within its Real Estate Group. After starting at Blackstone in 2017, he managed property investments across Canada and the United States, helping expand the firm's North American residential assets. Prior to his career in asset management, he served as an officer in the U.S. Navy and earned an economics degree from the United States Naval Academy.

In his new role, McCallum will oversee capital allocation and transaction activity for the residential REIT. Investors will monitor how he guides UDR's dealmaking and development strategy. As of mid-2026, UDR maintained full or partial ownership in 60,259 residential units, including 685 units under active construction.

## Key points

- Scott McCallum joins UDR, Inc. as Executive Vice President and Chief Investment Officer starting November 5, 2026.
- He comes from Blackstone Inc., where he served as a Managing Director in the firm's Real Estate Group.
- McCallum will report directly to UDR Chairman, President, and CEO Thomas W. Toomey.
- He previously served in the U.S. Navy and holds an honors economics degree from the U.S. Naval Academy.
- As of June 30, 2026, UDR held ownership stakes in 60,259 apartment units, with 685 under construction.

## Questions and answers

### Who is the new Chief Investment Officer at UDR, Inc.?

Scott McCallum has been named Executive Vice President and Chief Investment Officer of UDR, Inc. He spent nearly ten years at Blackstone Inc., where he held the position of Managing Director in the firm's Real Estate Group.

### When does Scott McCallum start his new role at UDR?

Scott McCallum will officially take over as Chief Investment Officer on November 5, 2026. He will report directly to UDR CEO and Chairman Thomas W. Toomey.

### How large is UDR's residential real estate portfolio?

As of June 30, 2026, UDR owned or held financial interests in 60,259 apartment units, which includes 685 homes in active development.