UDR Expands Joint Venture With LaSalle, Boosts Financial Flexibility
UDRUDR(US:UDR) ZACKS·2025-12-20 00:21

Key Takeaways UDR expanded its JV with LaSalle to about 850M,addingfourcommunitiestotaling2,564apartmentunits.UDRwillretain51850M, adding four communities totaling 2,564 apartment units.UDR will retain 51% ownership, add 50% debt on new assets, and lift total JV-level leverage to nearly 33%.UDR expects about 200M in cash proceeds to fund share repurchases, debt repayment and general corporate uses.UDR Inc. (UDR) recently announced the expansion of its joint venture (“JV”) with LaSalle Investment Management by an additional $230 million. This increases the size of the JV to ...