Urstadt Biddle Properties Inc  (UBP)
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Urstadt Biddle Properties Inc

Business Description

Urstadt Biddle Properties Inc. is a publicly traded real estate investment trust (REIT) that primarily develops and acquires retail properties in the Northeastern United States. The company was founded in 1969 by Charles J. Urstadt and Willing L. Biddle and is based in Greenwich, Connecticut.

The company*s portfolio currently consists of 84 properties, spanning over 5 million square feet of retail space. These properties are primarily located in affluent suburbs and urban centers in Connecticut, New York, New Jersey, Pennsylvania, Virginia, and Maryland. The properties are typically anchored by national retailers such as Target, Walmart, Whole Foods, and Home Depot.

Urstadt Biddle Properties* strategy is to acquire well-located properties that offer sustainable cash flows with long-term value. The company focuses on properties that are situated near established residential neighborhoods with strong demographic profiles, as well as near major transportation hubs such as airports, highways, and public transportation.

The company*s management team is headed by William H. Lawrence, who serves as CEO and Chairman of the Board. Other key executives include Stephan A. Rapaglia, President and COO, John T. Hayes, CFO, and James W. Tully, Senior Vice President of Acquisitions.

Urstadt Biddle Properties is committed to the sustainable development and management of its real estate portfolio. The company has implemented energy-saving measures in its properties, including the installation of LED lighting and high-efficiency HVAC systems. Additionally, the company is actively pursuing the development of greenfield sites for new retail properties that are designed with sustainable building practices in mind.

In addition to its real estate holdings, Urstadt Biddle Properties is involved in various charitable and community initiatives. The company has supported numerous organizations, including the Boys and Girls Clubs, the American Red Cross, and local civic organizations in the communities where the company has properties.

Overall, Urstadt Biddle Properties Inc. is a well-established REIT that has a solid track record of acquiring and developing retail properties in high-growth markets. The company*s focus on sustainability and community involvement further enhances its reputation as a responsible property owner and developer.

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