UDR Expands Joint Venture With LaSalle Investment Management
I'm PortAI, I can summarize articles.
UDR, Inc. announced a $230 million expansion of its joint venture with LaSalle Investment Management, increasing the joint venture's size to approximately $850 million. UDR will contribute four additional apartment communities, totaling 974 homes, and retain 51% ownership. The transaction will result in total leverage of about 33% at the joint venture level. UDR expects to receive $200 million in cash proceeds, which will be used for share repurchases, debt repayment, and general corporate purposes. Future growth opportunities for the joint venture will be explored in 2026.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: rttnews The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments