Investment Summary

UDR Invests In The Commons at Town Square

On December 16, 2003, UDR invested in real estate company The Commons at Town Square

Investment Highlights
  • This is UDR’s 2nd transaction in the Real Estate sector.
  • This is UDR’s 2nd transaction in the United States.
  • This is UDR’s 1st transaction in District of Columbia.

Investment Summary
Date 2003-12-16
Target The Commons at Town Square
Sector Real Estate
Investor(s) UDR
Deal Type Stake Purchase

Target

The Commons at Town Square

Washington, District of Columbia, United States
The Commons at Town Square was 99% occupied at closing, with average monthly rents of $968, this community is comprised of 116 homes located in five buildings of three- and four-story design. Townhomes in the adjoining blocks sell in the range of $250 thousand to $650 thousand per residence.

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Investor(S) 1

Investor

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 2 of 23
Sector (Real Estate) 2 of 23
Type (Stake Purchase) 1 of 2
State (District of Columbia) 1 of 4
Country (United States) 2 of 23
Year (2003) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 Inlet Bay Apartment Community

St. Petersburg, Florida, United States

Inlet Bay Apartment Community, a 464 apartment home community,The community has been developed in two phases at a combined low density of 8.14 homes per acre. All homes have private views of water features and/or natural areas.The community is approximately one mile south of I-275 and one-half mile from Old Tampa Bay.The Gateway submarket consists of some 14.6 million square feet of office, retail and industrial space.

Buy $31M
FOLLOWING DEAL
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
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