Former United Dominion CEO

 Announces Formation of

McCann Realty Partners, LLC

 

 

RICHMOND, VA--October 11, 2004-- John McCann , the former chairman and chief executive officer of United Dominion Realty Trust, Inc., a NYSE-listed apartment REIT located in Richmond, Va., is joining with two former UDR employees to form McCann Realty Partners, LLC, an apartment investment company that will focus on apartment properties in the Southeast. McCann, along with partners Brand Inlow and Fleet Wallace, will seek to co-invest with institutional partners on C+ to A properties, with particular emphasis on the Virginia, North Carolina, and DC/Baltimore markets. 

 

Richmond-based McCann Realty Partners, LLC and its principals have over 60 years of diverse experience in the apartment business. By leveraging industry relationships developed during the past 30 years, MRP will have the unique ability to access capital sources and create deal flow enabling it to seek out and close deals that provide investors with superior returns.

 

Contacts:

McCann Realty Partners, LLC

W. Brand Inlow

(804) 852-6657

(804) 497-7848 fax

wbinlow@comcast.net

 

D. Fleet Wallace
(804) 225-8870
(804) 497-7848 fax

greystonedfw@cavtel.net