M&A Deal Summary |
|
|---|---|
| Date | 2003-12-18 |
| Target | Missions at Back Bay Community |
| Sector | Real Estate |
| Buyer(s) | UDR |
| Deal Type | Add-on Acquisition |
| Deal Value | 14M USD |
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| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Real Estate |
| Employees | 1,397 |
| Revenue | 1.6B USD (2023) |
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 | 7 of 23 |
| Sector (Real Estate) | 7 of 23 |
| Type (Add-on Acquisition) | 5 of 17 |
| State (California) | 1 of 6 |
| Country (United States) | 7 of 23 |
| Year (2003) | 7 of 7 |
| Size (of disclosed) | 20 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-12-18 |
Calvert Apartments Community
Alexandria, Virginia, United States Calvert Apartments Community,was 92% occupied at closing with average monthly rents of $1,053 per apartment home, the community was developed as a single 14-story mid-rise tower built over 20,500 square feet of neighborhood retail and office space with an average of 781 square feet per apartment home. The community features a penthouse level pool and community area. |
Buy | $13M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-07-06 |
The Presidio Apartment Community
Oceanside, California, United States The Presidio at Rancho Del Oro was 89% occupied at closing with average monthly rents of $1,073 per home and is a low density garden-style property and averages 923 square feet per home. The community has an extensive list of amenities including a swimming pool, fitness center, business center, tennis courts and clubhouse. |
Buy | $33M |
