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, 2017, the company owned interests in 127 apartment communities containing 39,998 apartment units.
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History
The company was founded in 1972.
On January 13, 1978, the company became a public company via an initial public offering.
In 2007, the company sold 9 apartment complexes containing 2,710 apartment units for $281 million.
In 2008, the company sold a healthcare facility in Glen Burnie, Maryland for $27.36 million.
In September 2010, the company announced the acquisition of 5 properties for $455.1 million.
In June 2011, the company sold a 185-unit apartment complex in Washington, D.C. for $104 million.
In 2011, the company acquired several properties in New York City, including 95 Wall Street for $325 million and 21 Chelsea for $138 million.
In January 2012, in partnership with Metlife, the company acquired Columbus Square, New York City for $630 million.
In December 2012, Tom Herzog was named chief financial officer of the company.
In 2014, the company sold a portfolio of properties in Tampa, Florida for $80 million.
In 2015, the company acquired 6 properties in the Washington, D.C. metropolitan area from Home Properties for $901 million and sold 8 properties for $284 million.
In March 2016, the company was added to the S&P 500 Index.
In May 2016, the company sold a shopping center in Bellevue, Washington for $45.35 million. The center had been acquired 10 years earlier for $31.5 million.
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References
External links
Source of article : Wikipedia
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