UDR Inc. (formerly United Dominion Realty) is a publicly traded

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

that invests in

apartments An apartment (American English, Canadian English), flat (British English, Indian English, South African English), tenement (Scots English), or unit (Australian English) is a self-contained housing unit (a type of residential real estate) that ...

. The company is organized in

Maryland Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east ...

with its headquarters in

Highlands Ranch, Colorado Highlands Ranch is an unincorporated community and a census-designated place (CDP) located in and governed by Douglas County, Colorado, United States. The CDP is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area. The p ...

. 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. It is the 15th largest owner of apartments in the United States and the 31st largest apartment

property manager A property manager or estate manager is a person or firm charged with operating a real estate property for a fee. The property may be individual title owned or owned under the sectional title, share block company owned, and may be registered for ...

in the United States.

History

The company was founded in

in 1972. 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. In March 1998, the company acquired ASR Investments Corporation, which owned 7,550 apartments, for $313 million. 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.

References

External links

{{Authority control 1972 establishments in Colorado Companies based in Colorado Douglas County, Colorado Real estate companies established in 1972 Companies listed on the New York Stock Exchange Real estate investment trusts of the United States