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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
- ◦People

