UDR, Inc. (the "Company") (NYSE: UDR), a leading multifamily real estate investment trust, today announced that it has completed the previously announced disposition of 15 unencumbered communities comprising 4,931 homes located in Phoenix, AZ; Jacksonville, FL; Dallas, TX and Richmond, VA for $477 million in gross proceeds. The Company exited the Phoenix, AZ and Jacksonville, FL markets with the completion of the sales.
About UDR, Inc.
UDR, Inc. (NYSE:
an S&P 400 company, is a leading multifamily real estate investment
trust with a demonstrated performance history of delivering superior and
dependable returns by successfully managing, buying, selling, developing
and redeveloping attractive real estate properties in targeted U.S.
markets. As of March 31, 2012, UDR owned or had an ownership position in
60,211 apartment homes including 2,972 homes under development. For over
39 years, UDR has delivered long-term value to shareholders, the best
standard of service to residents, and the highest quality experience for
associates. Additional information can be found on the Company's website
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