Mr. McCann retired as Chairman of the Board and Chief Executive Officer of United Dominion Realty
Trust, Inc., in March 2001. Mr. McCann headed United Dominion, a NYSE-listed REIT located in
Richmond,
Virginia, as CEO for 27 years. As CEO, he oversaw United Dominion's growth from $3 million in real
estate investments in Virginia and three employees to more than $4 billion of apartments nationally
and
2,500 employees at the time of his retirement. The company is often cited as the prototype for the
modern real estate investment trust, a national, property-specific operating company with the
investment
capability to acquire and renovate and develop.
Mr. McCann was a long time member of the Board of Directors of the National Multi-Housing Council,
a
trade association of large apartment owners, and chaired its Legislative and Tax Committee. He was
also
a member of the Urban Land Institute and served as Chairman of the Board of Commissioners of the
Virginia Housing Development Authority, the Virginia state housing finance agency. Mr. McCann was on
the
Board of Directors of Storage USA until its merger with Security Capital Group in 2002.