UDR, Inc. Announces $230 Million Joint Venture Expansion
UDR, Inc. (UDR)
Last udr, inc. earnings: 2/11 04:16 pm
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US:NYSE Investor Relations:
udr.com/investor-relations
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Source: Business Wire
DENVER--(BUSINESS WIRE)--UDR, Inc. (the “Company”) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that it has closed a $230 million expansion of its joint venture with LaSalle Investment Management (the “Partner”), increasing the size of the joint venture to approximately $850 million. Under the terms of the transaction, UDR will:Contribute four additional apartment communities totaling 974 apartment homes, increasing the size of the venture to a total of 2,564 apartment homes. The newly contributed properties are located in Portland, Orlando, and Richmond, and have an average vintage of 1985.Retain 51% ownership in the communities contributed to the joint venture.Encumber the newly contributed assets with 50% debt and place debt on existing joint venture assets, bringing total joint venture-level leverage to approximately 33%.Receive approximately $200 million in cash proceeds.The Company plans to utilize the proceeds for share repurchases, debt
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UDR
News
- UDR, Inc. Declares Quarterly Dividends [Yahoo! Finance]Yahoo! Finance
- LaSalle Announces $230 Million Expansion of Joint Venture with UDR, Inc. [Yahoo! Finance]Yahoo! Finance
- UDR, Inc. Declares Quarterly DividendsBusiness Wire
- LaSalle Announces $230 Million Expansion of Joint Venture with UDR, Inc.PR Newswire
- United Dominion Realty Trust (NYSE:UDR) had its "underweight" rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $40.00 price target on the stock, down previously from $42.00.MarketBeat
UDR
Earnings
- 10/29/25 - Miss
UDR
Sec Filings
- 12/8/25 - Form 8-K
- 11/26/25 - Form 4
- 10/30/25 - Form 10-Q
- UDR's page on the SEC website