UDR, Inc.

Last updated
UDR, Inc.
Company type Public company
NYSE:  UDR
S&P 500 component
Industry Real estate investment trust
Founded1972;53 years ago (1972)
Headquarters Highlands Ranch, Colorado
Key people
Thomas W. Toomey, Chairman, CEO & President
Joseph D. Fisher CFO
Products Apartments
RevenueIncrease2.svg $1.671 billion (2024)
Decrease2.svg $84 million (2024)
Total assets Decrease2.svg $10.897 billion (2024)
Total equity Decrease2.svg $3.443 billion (2024)
Number of employees
1,419 (2024)
Website www.udr.com
Footnotes /references
[1]

UDR Inc. (formerly United Dominion Realty) is a publicly traded real estate investment trust that invests in apartments. The company is organized in Maryland with its headquarters in Highlands Ranch, Colorado. As of December 31, 2024, the company owned interests in 169 apartment communities containing 55.696 apartment units in 21 markets in the United States. [1]

Contents

It is the 15th largest owner of apartments in the United States and the 31st largest apartment property manager in the United States. [2]

History

The company was founded in Highlands Ranch, Colorado in 1972. [1]

In October 1996, the company acquired South West Property for $312 million in common stock. At that time, South West owned 14,975 apartments and UDR owned 41,004 apartments. [3]

In March 1998, the company acquired ASR Investments Corporation, which owned 7,550 apartments, for $313 million. [4]

In December 1998, the company acquired American Apartment Communities II, which owned 14,001 apartments primarily in California, the Pacific Northwest, the Midwest and Florida. [4]

References

  1. 1 2 3 "UDR Inc. 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 18, 2024.
  2. ↑ "NMHC Top 50". National Multifamily Housing Council.
  3. ↑ "UNITED DOMINION TO BUY SOUTH WEST PROPERTY" . The New York Times . Dow Jones & Company. October 2, 1996.
  4. 1 2 "UDR Inc. 1999 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 21, 2000.
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