M&A Deal Summary

Kuwait Finance House and UDR Acquire Twenty400

On September 1, 2011, Kuwait Finance House and UDR acquired real estate company Twenty400 for 84M USD

Acquisition Highlights
  • This is Kuwait Finance House’s 1st and UDR’s 22nd transaction in the Real Estate sector.
  • This is Kuwait Finance House’s 2nd and UDR’s 8th largest (disclosed) transaction.
  • This is Kuwait Finance House’s 1st and UDR’s 22nd transaction in the United States.
  • This is Kuwait Finance House’s 1st and UDR’s 3rd transaction in Virginia.

M&A Deal Summary
Date 2011-09-01
Target Twenty400
Sector Real Estate
Buyer(s) Kuwait Finance House
UDR
Deal Type Joint Venture
Deal Value 84M USD

Target

Twenty400

Arlington,, Virginia, United States
Twenty400, a 217-home luxury apartment community. The five-story property located in Arlington, Virginia was developed in 2010 and is currently in the final stages of lease up.

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Buyer(S) 2

Buyer

Kuwait Finance House

Kuwait City, Kuwait
Category Company
Founded 1977
Sector Financial Services
Employees2,537
DESCRIPTION

Kuwait Finance House (KFH) is considered a pioneer in the banking phenomenon known as Islamic Finance or Shari’a Compliant Banking. KFH is the first Islamic bank in the State of Kuwait and it’s one of the foremost Islamic financial institutions in the world.

DEAL STATS #
Overall 1 of 2
Sector (Real Estate) 1 of 2
Type (Joint Venture) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2011) 1 of 2
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-21 1301 Thomas Circle in Washington D.C.

Washington,, District of Columbia, United States

1301 Thomas Circle, a ten-story building, 292-home luxury apartment community is located in the Logan Circle neighborhood near the 14th Street Corridor and less than a mile from the White House.

Buy $154M
Buyer

UDR

Highlands Ranch, Colorado, United States
Category Company
Founded 1972
Sector Real Estate
Employees1,397
Revenue 1.6B USD (2023)
DESCRIPTION
UDR's corporate headquarters in Highlands Ranch, Colorado.
UDR's corporate headquarters in Highlands Ranch, Colorado.

UDR is a self-administered real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities generally located in high barrier-to-entry markets located throughout the United States. UDR was formerly known as United Dominion Realty Trust. UDR was founded in 1972 and is based in Highlands Ranch, Colorado.

DEAL STATS #
Overall 22 of 23
Sector (Real Estate) 22 of 23
Type (Joint Venture) 1 of 2
State (Virginia) 3 of 3
Country (United States) 22 of 23
Year (2011) 5 of 6
Size (of disclosed) 8 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 95 Wall Apartment Community

New York, New York, United States

95 Wall Apartment Community a 507-home luxury apartment community.The community is currently 93% occupied and has an average income per occupied home of over $3,100 per month.

Buy $325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-21 1301 Thomas Circle in Washington D.C.

Washington,, District of Columbia, United States

1301 Thomas Circle, a ten-story building, 292-home luxury apartment community is located in the Logan Circle neighborhood near the 14th Street Corridor and less than a mile from the White House.

Buy $154M
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