M&A Deal Summary

UDR Acquires Ridge at Blue Hills Apartment Community

On September 7, 2010, UDR acquired real estate company Ridge at Blue Hills Apartment Community for 40M USD

Acquisition Highlights
  • This is UDR’s 17th transaction in the Real Estate sector.
  • This is UDR’s 13th largest (disclosed) transaction.
  • This is UDR’s 17th transaction in the United States.
  • This is UDR’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2010-09-07
Target Ridge at Blue Hills Apartment Community
Sector Real Estate
Buyer(s) UDR
Deal Type Add-on Acquisition
Deal Value 40M USD

Target

Ridge at Blue Hills Apartment Community

Braintree, Massachusetts, United States
Ridge at Blue Hills is situated in the heart of Braintree, close to South Shore Plaza and just thirteen miles from the Boston CBD. The “T” stations in Braintree and Quincy are minutes away, alternatively Ridge at Blue Hills offers easy access to major traffic arteries.

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Buyer(S) 1

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 17 of 23
Sector (Real Estate) 17 of 23
Type (Add-on Acquisition) 15 of 17
State (Massachusetts) 2 of 2
Country (United States) 17 of 23
Year (2010) 5 of 5
Size (of disclosed) 13 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-07 1818 Platinum Triangle Apartment Community

Anaheim, California, United States

1818 Platinum Triangle Apartment Community an emerging community in Orange County. The community is a short walk to The Grove of Anaheim live music venue, Angel Stadium and the Honda Center.

Buy $71M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-12 Rivergate Property

New York, New York, United States

Rivergate is a 35-story, 706-home community occupies a full city block between 34th and 35th Streets, FDR Drive and 1st Avenue. Residents benefit from this convenient location as it provides easy access to FDR Drive.

Buy $443M