GRAPEVINE, Texas, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Pending appeal of the recent conviction of two executives associated with United Development Funding IV (“UDF IV”) and United Development Funding Income Fund V (“UDF V” and together the “Trusts”), the Trusts announced the following management and Board of Trustee changes effective immediately:
Jim Kenney was appointed acting Chief Executive Officer of UDF IV and UDF V and elected to the UDF IV Board of Trustees as a Managing TrusteeStacey Dwyer was appointed acting Chief Financial Officer of UDF IV and UDF VLarry Jones was elected to the UDF V Board of Trustees as an independent trustee; he will also serve as Chairman of the Board of Trustees of both TrustsHollis Greenlaw resigned as a trustee of both TrustsAbout United Development Funding IV
United Development Funding IV is a Maryland real estate investment trust.