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Charles J. Urstadt Stepping Down as REIT’s Chairman

Urstadt Biddle Properties’ longtime board chairman, Charles J. Urstadt, is stepping down from that role effective Jan. 1, although he will remain on the board as chairman emeritus. Succeeding him as chairman will be son Charles D. Urstadt.

The elder Urstadt has served as the Greenwich, CT-based REIT’s chairman since 1986, and was its CEO from 1989 to 2013. He was the architect of the company’s 1989 strategic shifting to focus on grocery-anchored shopping centers in the New York suburbs.

“Since 1989, when Charles J. Urstadt became CEO of the company, our assets have grown 574% to over $1 billion, and our revenues have grown 643% to $135 million,” said William Biddle, the current president and CEO. “We fully expect Charles J. Urstadt to continue to amaze everyone with his experience, intellect and stamina, coming to the office every day to contribute his expertise and enthusiasm, despite being 90 years young.”

Pictured: An Urstadt Biddle retail property

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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