Ryland elects Thomas W. Toomey to its board of directors; Toomey currently serving as president, CEO of multi-family real estate investment trust UDR

Allison Oesterle

Allison Oesterle

Dec 12, 2013 – Business Wire

WESTLAKE VILLAGE, California , December 12, 2013 (press release) – The Ryland Group, Inc. (NYSE: RYL) today announced the election of Thomas W. Toomey to its Board of Directors.

Mr. Toomey is currently President, Chief Executive Officer and Director of UDR, Inc., a leading multi-family real estate investment trust and an S&P 400 company. Prior to joining UDR, Inc., Mr. Toomey was with Apartment Investment and Management Company where he served as Chief Operating Officer and Chief Financial Officer. He currently serves as a member of the Board of the National Association of Real Estate Investment Trusts and the National Multi Housing Council.

Headquartered in Southern California, Ryland is one of the nation's largest homebuilders and a leading mortgage-finance company. Since its founding in 1967, Ryland has built more than 305,000 homes and financed more than 250,000 mortgages. The Company currently operates in 17 states and is listed on the New York Stock Exchange under the symbol "RYL." For more information, please visit www.ryland.com.

The Ryland Group, Inc.
Drew Mackintosh
VP, Investor Relations and Corporate Communications

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