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:
Avg. Monthly Income per Occupied Home (1)
|2Q12 Dispositions Under Contract|
Grand Total/Weighted Average
(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.
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