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UDR Announces $1.7 Billion Portfolio Sale [View All]

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Home » Discuss » Topic Forums » Economy

InkAddict

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Fri Feb-01-08 08:36 PM
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UDR Announces $1.7 Billion Portfolio Sale

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http://www.snl.com/irweblinkx/file.aspx?IID=103025&FID=5529561

UDR, Inc. (NYSE:UDR) today announced that it has entered into a contract to sell 25,684 apartment homes in 86 communities for $1.7 billion to DRA Advisors LLC in a joint venture with Steven D. Bell & Company. Upon completion of the transaction, the Company will own 40,183 homes in 146 communities.

SHEDDING OHIO PROPERTIES -- SEE WHO'S BUYING.

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