This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

UDR Announces 2012 Community Dispositions And Capital Markets Activities

UDR, Inc. (the "Company") (NYSE: UDR), a leading multifamily real estate investment trust, today announced the disposition, and pending disposition, of 6,507 apartment homes in 21 non-core communities for gross, and net, proceeds of $610 million. Transaction details follow:

Disposition Activity  
Location   Communities     Homes    

Year Built/Renovated


Avg. Monthly Income per Occupied Home (1)

1Q12 Dispositions            
‘Other’ FL


900 1989 $742
Fredericksburg, VA


    676     1992     1,062
Total/Weighted Average 6 1,576 1990 $879
2Q12 Dispositions Under Contract
Phoenix, AZ 6 1,744 2002 $858
Jacksonville, FL 5 1,857 1990 794
Dallas, TX 2 477 2009 1,214
Richmond, VA 2     853     1986     933
Total/Weighted Average 15     4,931     1995     $881

Grand Total/Weighted Average

21 6,507 1994 $881

(1) As of December 31, 2011.


During the first quarter of 2012, the Company sold four ‘Other’ Florida and two Fredericksburg, VA communities for net proceeds of $133 million.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs