Beyond these, we operate in a number of geographies that do not fit our long-term plan, but serve as warehouses of capital until sold. These market would comprise the majority of our non-core portfolio are more susceptible to new supply and generate lower rents and margin than our coastal market. Some of these markets include Florida and Nashville, are generating solid results currently. We are in no hurry to sell these assets and these solid performers. Their ultimate disposition will depend on potential use to the proceeds, asset pricing and the cost of alternative capital sources at the time of sale. When the time is right these depositions will be consummated in the usual course of business and will represent normal capital recycling.
UDR's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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