Annual Report (Form 10-K), fiscal year 1993

Item 1. Business
United Dominion Realty Trust, Inc. (the "Trust"), a Virginia corporation, is a self-administered equity real estate investment trust ("REIT"), formed in 1972, whose business is devoted to one industry segment, the ownership of income-producing real estate, primarily apartments. The Trust acquires, upgrades and operates its properties with the goals of maximizing its funds from operations (defined as income before gains(losses) on investments and extraordinary items adjusted for certain non-cash items, primarily real estate depreciation) and quarterly distributions to shareholders, while building equity primarily through real estate appreciation. Prior to 1991, the Trust's investment policy was to emphasize the acquisition of under-leased, under-managed, and/or under-maintained properties that could be physically or otherwise upgraded and could be acquired at significant discounts from replacement costs. At the beginning of 1991, changed economic conditions and the Trust's financial strength enabled it to embark on a major expansion of its apartment portfolio involving (i) the acquisition of more stable apartment properties having high occupancy levels and not requiring substantial renovation, and (ii) entry into new markets, most recently the Baltimore/Washington area, central Florida and Nashville, Tennessee. The properties have been acquired generally at significant discounts from replacement cost and at attractive current yields. The sellers have been primarily financially distressed real estate limited partnerships, the RTC, the FDIC, lenders who had foreclosed and insurance companies seeking to reduce their real estate exposure. Since 1991, the Trust has acquired 38 apartment properties containing 9,885 units at a total cost of approximately $277 million. As of March 28, 1994, the Trust's portfolio of income-producing real estate consisted of ninety-five properties including seventy-six apartment complexes, fifteen shopping centers, and four other properties. (See Item 2.



Item 2. Properties
The table below sets forth a summary of the Trust's portfolio of rental properties owned at December 31, 1993. See also Notes 1 and 2 to Financial Statements and Schedule XI - Summary of Real Estate Owned.
Item 2. Properties (continued) December 31, 1993
(1) Two anchor tenants occupying more than 60,000 square feet at this center filed for bankruptcy during 1991. (2) An anchor tenant occupying 53,000 sqaure feet at this center filed for bankruptcy. (3) An anchor tenant occupying 34,800 square feet vacated its space in May, 1992. This space has been leased as of June 1, 1994. (4) On June 30, 1993 the Trust sold a specialty medical building that had been vacant for the first half of the year. (5) Building was vacated by the anchor tenant. The space was fully leased effective June 15, 1993.
Item 3.

Item 3. Legal proceedings
None
Item 4.

Item 4. Submission of matters to a vote of security holders
No matters were submitted to a vote of the Trust's shareholders during the last quarter of its fiscal year ended December 31, 1993.
Executive officers
The executive officers of the Trust, listed below, serve in their respective capacities for approximate one year terms and are subject to re-election annually by the Board of Directors, normally in May of each year.
Name Age Office Since
John P. McCann 49 President and Chief 1974 Executive Officer
James Dolphin 44 Senior Vice President 1979 and Chief Financial Officer
Barry M. Kornblau 44 Senior Vice President and 1991 Director of Apartment Operations
Mr. McCann, a Director, has been the Trust's managing officer since 1974, serving as its President since 1979, its Secretary from 1974 to 1980, and its Treasurer from 1982 to 1985.
Mr. Dolphin, a Director, was first employed by the Trust in May, 1979 as Controller and served as Corporate Secretary from 1980 to January, 1993. He was elected Vice President of Finance in 1985 and Senior Vice President in 1987. Prior to joining the Trust, Mr. Dolphin was employed by Arthur Young and Company, Certified Public Accountants.
Mr. Kornblau joined the Trust in 1991 as Senior Vice President and Director of Apartment Operations. From 1985 through 1990, he was President and Chief Executive Officer of Summit Realty Group, Inc. which managed the Trust's apartment properties during that period. He is a licensed real estate broker and a C.P.M.
Part II
Item 5.

Item 5. Market for registrant's common equity and related stockholder matters
Incorporated herein by reference from the captions "Common Stock Price" and "Shareholders" appearing on the inside back cover of the Trust's 1993 Annual Report to Shareholders, included in Exhibit 13. Information regarding the Trust's dividend policy is included in Item 7.
Item 6.

Item 6. Selected financial data
Incorporated herein by reference from the caption "Selected Financial Information" appearing on page 7 of the Trust's preliminary prospectus dated March 29, 1994, included in the Form S-3 Registration Statement (Registration No. 33-52521) filed with the Securities and Exchange Commission on March 7, 1994 and amended on March 29, 1994 included in Exhibit 99(ii).
Item 7.

Item 7. Management's discussion and analysis of financial condition and results of operations.
Incorporated herein by reference from the caption "Management's Discussion of Financial Condition and Operations" appearing on pages 8 through 10 of the Trust's preliminary prospectus dated March 29, 1994, included in the Form S-3 Registration Statement (Registration No. 33-52521) filed with the Securities and Exchange Commission on March 7, 1994 and amended on March 29, 1994 included in Exhibit 99(ii).
Item 8.


Item 8. Financial statements and supplementary data
The Trust's financial statements at December 31, 1993 and 1992 and for each of the three years in the period ended December 31, 1993, and the independent auditor's report thereon and the Trust's unaudited quarterly financial data for the two-year period ended December 31, 1993 are incorporated herein by reference from pages through of the Trust's preliminary prospectus dated March 29, 1994, included in the Form S-3 Registration Statement (Registration No. 33-52521) filed with the Securities and Exchange Commission on March 7, 1994 and amended on March 29, 1994 included in Exhibit 99(ii).
Item 9.

Item 9. Changes in and disagreements with accountants on accounting and financial disclosure
None
Part III
Item 10.



Item 10. Directors and executive officers of the registrant
Incorporated herein by reference from the Trust's definitive proxy statement to be filed with respect to its Annual Meeting of Shareholders to be held on May 10, 1994.
Information regarding the executive officers of the Trust is included in Part I. The Trust also employs five other officers who hold the office of vice president or equivalent as follows:
Curtis W. Carter, 37, joined the Trust in 1991 as Assistant Vice President in charge of apartment property management and was subsequently elected Vice President. From December 1985 through 1990, he was Vice President of Property Management for Summit Realty Group, Inc. He is a CPM.
Richard B. Chess, 40, joined the Trust in October, 1987 as Director of Acquisitions. He was elected Assistant Vice President in 1988 and Vice President in 1989. From 1984 to 1987 he was employed by Manufacturers Life Insurance Company as Senior Analyst - Real Estate Syndications. He previously served in the Pennsylvania General Assembly and is admitted to the practice of law in Virginia and Pennsylvania.
Jerry A. Davis, 31, joined the Trust in March, 1989 as Controller and was subsequently elected Assistant Secretary. In 1991 he was elected Vice President and Controller-Corporate Accounting. From 1986 to 1989, he was employed by Crestar Bank, Richmond, Virginia, as an officer and financial analyst. He was previously employed by Arthur Young & Company, Certified Public Accountants, Richmond, Virginia. He is a certified public accountant.
Richard A. Giannotti, 38, joined the Trust as Director of Development and Construction in September, 1985. He was elected Assistant Vice President in 1988 and Vice President in 1989. Prior to joining the Trust he was employed as Project Manager by Vaughan Associates, Architects and by Beckstoffer and Associates, Architects, both of Richmond, Virginia. He is a registered architect.
Katheryn E. Surface, 35, joined the Trust in 1992 as Assistant Vice President and Legal Counsel and in 1993 was elected General Counsel, Corporate Secretary and Vice President. From 1986 to 1992, she was an attorney with the law firm of Hunton and Williams, the Trust's outside counsel.
Item 11.

Item 11. Executive compensation
Incorporated herein by reference from the Trust's definitive proxy statement to be filed with respect to its Annual Meeting of Shareholders to be held on May 10, 1994.
Item 12.

Item 12. Security ownership of certain beneficial owners and management
Incorporated herein by reference from the Trust's definitive proxy statement to be filed with respect to its Annual Meeting of Shareholders to be held on May 10, 1994.
Item 13.

Item 13. Certain relationships and related transactions
Incorporated herein by reference from the Trust's definitive proxy statement to be filed with respect to its Annual Meeting of Shareholders to be held on May 10, 1994.
Part IV
Item 14.

Item 14. Exhibits, financial statement schedules, and reports on Form 8-K
(a) The following documents are filed as a part of this report and are hereby incorporated by reference:
Page Numbers (manually signed original)
Preliminary Prospectus Dated March 29, 1994, Contained in the Trust's Form S-3 Registration Statement (Registration No. 33-52521) Filed with the Securities and Exchange Commission on March 7, 1994 and amended on March 29, 1994 Form (Exhibit 99(ii)) 10-K
1. Financial Statements:
Report of Ernst & Young, Independent Auditors 27
Balance sheets at December 31, 1993 and 1992 28
Statements of operations for each of the three years in the period ended December 31, 1993 29
Statements of shareholders' equity for each of the three years in the period ended December 31, 1993 31
Statements of cash flows for each of the three years in the period ended December 31, 1993 30
Notes to financial statements through 32-39
Supplementary information - Quarterly financial data (unaudited) 39
2. Financial Statement Schedules
Schedule II - Amounts Receivable from Directors, Officers, and Employees 41
Schedule VIII - Valuation and Qualifying Accounts 42
Schedule X - Supplementary Earnings Statement Information 43
Schedule XI - Summary of Real Estate Owned 44 - 45
All other schedules are omitted since the required information is not present or is not present in amounts sufficient to require submission of the schedule, or because the information required is included in the financial statements and notes thereto.
3. Exhibits
The exhibits listed on the accompanying exhibit index are filed as part of this annual report.
(b) Reports on Form 8-K
(i) A Form 8-K dated December 22, 1993 was filed with the Securities and Exchange Commission on December 22, 1993 and amended by Form 8-K/A dated February 18, 1994. The filing reported the acquisition of certain properties which in the aggregate were deemed to be significant. The financial statements filed as part of this report are statements of rental operations of the Village at Old Tampa Bay Apartments, Peppertree Apartments and Beechwood Apartments.
UNITED DOMINION REALTY TRUST, INC.
EXHIBIT INDEX
Item 14 (a)
References to pages under the caption "Location" are to sequentially numbered pages of the manually signed original of this Form 10-K, and references to exhibits, forms, or other filings indicate that the form or other filing has been filed, that the indexed exhibit and the exhibit referred to are the same and that the exhibit referred to is incorporated by reference.
Exhibit Description Location
3(a)(i) Restated Articles of Incorporation Exhibit 3 to the Trust's Quarterly Report on Form 10-Q for the quarter ended June 30, 1992
3(a)(ii) Amendment of Restated Articles Exhibit 6(a)(l) to the of Incorporation Trust's Form 8-A Registration Statement
3(b) By-Laws Exhibit 4(c) to the Trust's Form S-3 Registration Statement (Registration No. 33-44743) filed with the Commission on December 31, 1991
4(i) Specimen Common Stock Pages 46 through 47 Certificate
4(ii)(a) Loan Agreement dated as of Exhibit 6(c)(l) to the November 7, l991, between the Trust's Form 8-A Trust and Aid Association for Registration Statement Lutherans
4(ii)(b) Loan Agreement dated as of Exhibit 6(c)(2) November 14, 1991, between the to the Trust's Form 8-A Trust and Signet Bank/Virginia Registration Statement
4(ii)(c) Note Purchase Agreement dated Exhibit 6(c)(3) to as of February 19, 1992, between the Trust's Form 8-A the Trust and Principal Mutual Registration Statement Life Insurance Company
4(ii)(d) Credit Agreement dated as of Exhibit 6(c)(4) to the December 15, 1992, between the Trust's Form 8-A Trust and Signet Bank/Virginia Registration Statement
4(ii)(e) Note Purchase Agreement dated Exhibit 6(c)(5) to the as of January 15, l993, between Trust's Form 8-A the Trust and CIGNA Property Registration Statement and Casualty Insurance Company, Connecticut General Life Insurance Company, Connecticut General Life Insurance Company, on behalf of one or more separate accounts, Insurance Company of North America, Principal Mutual Life Insurance Company and Aid Association for Lutherans
The Trust agrees to furnish to the Commission on request a copy of any instrument with respect to long-term debt of the Trust or its subsidiary the total amount of securities authorized under which does not exceed 10% of the total assets of the Trust.
10(i) Employment Agreement between Exhibit 10(v)(i)to the Trust and John P. McCann, Form 10-K for the year dated October 29, l982 ended December 31, 1982.
10(ii) Employment Agreement between Exhibit 10(v)(ii) to the Trust and James Dolphin, Form 10-K for the year dated October 29, l982 ended December 31, 1982.
10(iii) Employment Agreement between Exhibit 10(iii) to the Trust and Barry M. Kornblau, Form 10-K for the year dated January 1, 1991. December 31, 1990.
10(iv) 1985 Stock Option Plan, Exhibit B to the Trust's as amended definitive proxy statement dated April 13, 1992.
10(v) 1991 Stock Purchase and Loan Exhibit 10(v) to Plan Form 10-K for the year ended December 31, 1991.
13 Page of the Trust's 1993 Page 21 Annual Report to Shareholders that includes information incorporated by reference into this Form 10-K.
21 The Trust's only subsidiary is The Commons of Columbia, Inc., a Virginia corporation, which does not do business under any other name.
24 Consent of Independent Page 40 Auditors
99(ii) Pages 7 through 10, Pages 22 through 39 inclusive, and pages through, inclusive of the preliminary prospectus dated March 29, 1994, included in the Trust's Form S-3 Registration Statement (Registration No. 33-52521) filed with the Commission on March 7, 1994 and amended on March 29, 1994.
With the exception of the information incorporated by reference into Item 5, the 1993 Annual Report to Shareholders is not deemed filed as part of this report.
ANNUAL REPORT ON FORM 10-K
ITEM 14(a)(1) and (2), (c) and (d)
FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULES
CERTAIN EXHIBITS
FINANCIAL STATEMENT SCHEDULES
YEAR ENDED DECEMBER 31, 1993
UNITED DOMINION REALTY TRUST, INC.
RICHMOND, VIRGINIA
General information
General Offices United Dominion Realty Trust 10 S. Sixth Street, Suite 203 Richmond, Virginia 23219-3802 (804)780-2691 (804)343-1912 FAX
General Counsel Hunton & Williams Riverfront Plaza-East Tower 901 E. Byrd Street Richmond, Virginia 23219-4074
Independent Auditors Ernst & Young 901 East Cary Street Richmond, Virginia 23219
Transfer Agent Mellon Securities Trust Company Four Station Square, 3rd Floor Pittsburgh, Pennsylvania 15219-1173
Shareholders On March 1, 1994, the Trust had 4,505 shareholders of record.
Employees As of February 20, 1994, the Trust had 556 full and part-time employees.
Annual Meeting The Annual Meeting of Shareholders is scheduled for Tuesday, May 10, 1994, at 4:00 p.m., at the Omni Richmond Hotel in Richmond, Virginia. All Shareholders are cordially invited to attend.
Member National Association of Real Estate Investment Trusts (NAREIT) National Apartment Association National Multi-Housing Council International Council of Shopping Centers
Stock Listing New York Stock Exchange Symbol UDR
10-K Report The Trust offers its shareholders, without charge, copies of its Annual Report on Form 10-K, as reported to the Securities and Exchange Commission.
Dividend Reinvestment and Stock Purchase Plan The Trust offers its shareholders the opportunity to purchase additional shares of common stock through the Dividend Reinvestment and Stock Purchase Plan. Information regarding the Plan can be obtained directly from the Trust's office. Requests should be addressed to Shareholder Relations, United Dominion Realty Trust, at the Trust's office.
Common Stock Price The table below sets forth the range of the high and low sales prices per share for each quarter of the last two years. Dividend information reflects dividends declared for each calendar quarter and paid at the end of the following month. Information for 1992 and the first quarter of 1993 give retroactive effect to a 2-for-1 stock split in May 1993.
Dividend 1992 High Low Declared 1st Quarter $11 1/2 $10 $.165 2nd Quarter 10 13/16 9 3/4 .165 3rd Quarter 12 3/16 10 9/16 .165 4th Quarter 12 11/16 10 7/8 .165
1st Quarter $14 13/16 $11 7/8 $.175 2nd Quarter 14 5/8 12 1/2 .175 3rd Quarter 16 5/8 13 1/2 .175 4th Quarter 16 7/8 12 5/8 .175
(1) In 1991, 1992 and 1993 the Trust entered into stock purchase agreements whereby certain officers purchased shares of common stock at the then current market price. The Trust provides 100% financing for the purchase of the stock with interest payable quarterly at rates escalating from 7% to 8-1/2%. The underlying notes mature beginning in November, 1998. The Trust holds as collateral all stock purchased through this plan.
(1) The balance is netted against the cost of real estate owned on the balance sheet
SCHEDULE X
UNITED DOMINION REALTY TRUST, INC.
SUPPLEMENTARY EARNINGS STATEMENT INFORMATION
THREE YEARS ENDED DECEMBER 31, 1993
(DOLLARS IN THOUSANDS)
Charged to Expense
Description 1993 1992 1991
Advertising $1,078 $731 $652 Rental Promotions 420 650 553
Other items requiring disclosure are not shown as they are less than 1% of rental income.
Depreciable Life of Date of Date Building Construction Acquired Component Apartments: 2131 Apartments/Nashville, TN 1972 12/16/92 35 yrs. Azalea/Richmond, VA 1967 12/31/84 35 yrs. Bay Cove/Clearwater, FL 1972 12/16/92 35 yrs. Bayberry Commons/Portsmouth, VA 1973/74 04/07/88 35 yrs. Beechwood/Greensboro, NC 1985 12/22/93 35 yrs. Braeland Commons/Columbia, MD 1983 12/29/92 35 yrs. Bramblewood/Goldsboro, NC 1980/82 12/31/84 35 yrs. Brynn Marr/Jacksonville, NC 1973/77 12/31/84 35 yrs. Canterbury Woods/Charlotte, NC 1968/70 12/18/85 35 yrs. Cedar Point/Raleigh, NC 1972 12/18/85 35 yrs. Cinnamon Ridge/Raleigh, NC 1968/70 12/01/89 35 yrs. Colonial Villa/Columbia, SC 1974 09/16/92 35 yrs. Colony of Stone Mtn/Atlanta, GA 1970/72 06/12/90 35 yrs. Colony Village/New Bern, NC 1972/74 12/31/84 35 yrs. Country Walk/Columbia, SC 1974 12/19/91 35 yrs. Courthouse Green/Richmond, VA 1974/78 12/31/84 35 yrs. Courtney Square/Raleigh, NC 1979/81 07/08/93 35 yrs. The Cove at Lake Lynn/Raleigh, NC 1986 12/01/92 35 yrs. Craig Manor/Salem,VA 1975 11/06/87 35 yrs. The Creek/Wilmington, NC 1973 06/30/92 35 yrs. Crescent Square/Atlanta, GA 1970 03/22/89 35 yrs. Dover Village/Orlando, FL 1981 03/31/93 35 yrs. Eastwind/Virginia Beach, VA 1970 04/04/88 35 yrs. Eden Commons/Columbia, MD 1984 12/29/92 35 yrs. Emerald Bay/Charlotte, NC 1972 02/06/90 35 yrs. English Hills/Richmond, VA 1969/76 12/06/91 35 yrs. Forest Hills/Wilmington, NC 1964/69 06/30/92 35 yrs. Forestbrook/Columbia, SC 1974 07/01/93 35 yrs. Foxcroft/Tampa, FL 1972 01/28/93 35 yrs. Gable Hill/Columbia, SC 1985 12/04/89 35 yrs. Gatewater Landing/Glen Burnie, MD 1970 12/16/92 35 yrs. Grand Oaks/Charlotte, NC 1966/67 05/01/84 35 yrs. Hampton Court/Alexandria, VA 1967 02/19/93 35 yrs. Harbour Town/Nashville, TN 1974 12/10/93 35 yrs. Heather Lake/Hampton, VA 1972/74 03/01/80 35 yrs. Heatherwood/Greenville, SC 1978 09/30/93 35 yrs. Heritage Trace/Newport News, VA 1973 06/30/89 35 yrs. The Highlands/Charlotte, NC 1970 01/17/84 35 yrs. Key Pines/Spartanburg, SC 1974 09/25/92 35 yrs. The Lakes/Nashville, TN 1986 09/15/93 35 yrs. Lake Washington Downs/Melbourne,FL 1984 09/24/93 35 yrs. Laurel Ridge/Roanoke, VA 1970/72 05/17/88 35 yrs. Laurel Village/Richmond, VA 1972 09/06/91 35 yrs. The Ledges/Winston-Salem, NC 1959 08/13/86 35 yrs. Liberty Crossing/Jacksonville, NC 1972/74 11/30/90 35 yrs. Meadow Run/Richmond, VA 1973/74 12/31/84 35 yrs. Meadowdale Lakes/Richmond, VA 1967/71 12/31/84 35 yrs. The Melrose/Dumfries, VA 1951 12/11/85 35 yrs. Mill Creek/Atlanta, GA 1972 11/11/88 35 yrs. Mill Creek/Wilmington, NC 1986 09/30/91 35 yrs. Northview/Salem, VA 1969 09/29/78 35 yrs. Olde West Village/Richmond, VA 1978/82/85/87 12/31/84 & 8/27/91 35 yrs. Orange Orlando/Orlando, FL 1971 01/21/93 35 yrs. Park Green/Raleigh, NC 1987 09/27/91 35 yrs. Parkwood Court/Alexandria, VA 1964 06/30/93 35 yrs. Patriot Place/Florence, SC 1974 10/23/85 35 yrs. Peppertree/Charlotte, NC 1987 12/14/93 35 yrs. Pinebrook/Clearwater,FL 1977 09/28/93 35 yrs. Plum Chase/Columbia, SC 1974 01/04/91 35 yrs. River Road/Ettrick, VA 1973/74 08/31/81 35 yrs. Riverwind/Spartanburg, SC 1987 12/31/93 35 yrs. Rollingwood/Richmond, VA 1974/78 12/31/84 35 yrs. St. Andrews Commons/Columbia, SC 1986 05/20/93 35 yrs. Spring Forest/Raleigh, NC 1978/81 05/21/91 35 yrs. Stanford Village/Atlanta, GA 1985 09/26/89 35 yrs. Summit-on-Park/Charlotte, NC 1963 01/17/84 35 yrs. Summit West/Tampa, FL 1972 12/16/92 35 yrs. Timbercreek/Richmond, VA 1969 08/31/83 35 yrs. Towne Square/Hopewell, VA 1967 08/27/85 35 yrs. Twin Rivers/Hopewell, VA 1972 01/06/82 35 yrs. Village at Old Tampa Bay/Oldsmar,FL 1986 12/08/93 35 yrs. Windsor Harbor/Charlotte, NC 1971 01/13/89 35 yrs. Woodland Hollow/Charlotte, NC 1974/76 11/03/86 35 yrs. Woodscape/Newport News, VA 1974/76 12/29/87 35 yrs.
SCHEDULE XI. Summary of Real Estate Owned (continued)
Depreciable Life of Date of Date Building Construction Acquired Component Shopping Centers: Circle/Richmond, VA 1956/62/67 11/01/73 25/35 yrs. Cumberland Square/Dunn, NC 1972/78/84 08/28/86 35 yrs. Deerfield Plaza/Myrtle Beach, SC 1979 01/17/84 35 yrs. Glen Lea/Richmond, VA 1964/85 05/25/83 25 yrs. Gloucester Exchange/Gloucester, VA 1974 11/12/87 35 yrs. Hanover Village/Richmond, VA 1971/72 06/30/86 35 yrs. Kroger Sav-On/Waynesboro, VA 1975 03/07/80 35 yrs. Laburnum Park/Richmond, VA 1988/89 09/28/90 35 yrs. Laburnum Square/Richmond, VA 1978/85 02/11/81 40 yrs. Meadowdale/Richmond, VA 1976/82 12/31/84 35 yrs. Rite Aid/Richmond, VA 1974 12/31/84 35 yrs. Rose Manor/Smithfield, NC 1972/75 08/28/86 35 yrs. The Village/Durham, NC 1965 08/28/86 35 yrs. Village Square/Myrtle Beach, SC 1978/79 05/25/88 35 yrs. Willow Oaks/Hampton, VA 1968/74 08/01/84 35 yrs.
Office and Industrial Buildings: Franklin St./Richmond, VA 1890 07/01/86 35 yrs. Meadowdale Offices/Richmond, VA 1983 12/31/84 35 yrs. Statesman Park/Roanoke, VA 1974 05/22/75 33 yrs. Tri-County Buildings/Bristol, TN 1976/79 01/21/81 33 yrs.
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the registrant has duly caused this Annual Report to be signed on its behalf by the undersigned, thereunto duly authorized.
United Dominion Realty Trust, Inc. (registrant)
By /s/ James Dolphin James Dolphin Senior Vice President, Secretary, and Chief Financial Officer March 15, 1994
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below on March 15, 1994 by the following persons on behalf of the registrant and in the capacities indicated.
/s/ John P. McCann /s/ R. Toms Dalton,Jr. John P. McCann R. Toms Dalton, Jr. Director, President and Chief Director Executive Officer
/s/ James Dolphin /s/ Jeff C. Bane James Dolphin Jeff C. Bane Director, Senior Vice President, Director Secretary and Chief Financial Officer
/s/ Jerry A. Davis /s/ John C. Lanford Jerry A. Davis John C. Lanford Vice President, Controller-Corporate Accounting Director and Chief Accounting Officer
/s/ C. Harmon Williams, Jr. /s/ H. Franklin Minor C. Harmon Williams, Jr. H. Franklin Minor Chairman of the Board of Directors Director
/s/ Barry M. Kornblau /s/ Robert P. Buford Barry M. Kornblau Robert P. Buford Director, Senior Vice President and Director Director of Apartments