Mr. Toomey brings to the Board extensive C-Suite level management experience within the multifamily industry, capital markets expertise, development experience, stakeholder advocacy, and accounting and financial literacy.

Mr. Toomey is Chairman and Chief Executive Officer of UDR, Inc., an S&P 500 company with an enterprise value of approximately $20 billion, having served as Chief Executive Officer and a member of the board since joining the Company in 2001. Over his tenure, Mr. Toomey has been instrumental in repositioning UDR's portfolio, including the acquisition and disposition of more than $22 billion in multifamily communities and development of more than $5 billion in multifamily communities, which has led to an above average annual return of 11% for the Company's shareholders. As of March 31, 2024, UDR owned or had an ownership position in 60,124 apartment homes in select markets across the U.S. Prior to heading UDR, Mr. Toomey held various senior positions, including Chief Operating Officer and Chief Financial Officer with AIMCO, a multifamily REIT peer which in 2020 underwent a separation and became two public companies, Apartment Income REIT Corp. (NYSE: AIRC) and AIMCO. At AIMCO, Mr. Toomey was instrumental in transforming the company into the largest apartment owner in the U.S., growing its portfolio ten-fold over his tenure. Prior to AIMCO, Mr. Toomey served as a Senior Vice President with Lincoln Property Company, a multifaceted, national real estate firm, for five years. As a leader in the real estate industry, Mr. Toomey is a Trustee and a past Global Chair of the Urban Land Institute (ULI), a Board member of the ULI Foundation, a member of the Advisory Board of Governors of the National Association of Real Estate Investment Trusts (NAREIT), on the Executive Committee of the National Multi Housing Council (NMHC), a member of The Real Estate Roundtable, and is past Chair and former Trustee of the Oregon State University Foundation.