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Overview
UDR, Inc., also known as United Dominion Realty Trust, is a publicly traded real estate investment trust (REIT) that focuses on the development, acquisition, and management of upscale apartment communities across the United States. The company was founded in 1972 and is based in Highlands Ranch, Colorado. UDR owns and operates over 50,000 apartment homes in some of the most desirable markets in the country, including New York City, Boston, San Francisco, and Washington D.C. The company's portfolio includes a variety of properties, from luxury high-rise buildings to more affordable garden-style communities. In addition to developing and managing properties, UDR also invests in real estate development, re-development and redevelopment projects through its UDR Volkswagen. This arm of the company focuses on specialty development projects, such as mixed-use, urban infill, and adaptive reuse projects. UDR's mission is to provide residents with exceptional living experiences and create value for its shareholders. The company prides itself on its commitment to sustainability and has received various awards and recognition for its efforts in this area. UDR is listed on the New York Stock Exchange under the ticker symbol UDR and is a member of the S&P 500 index. As of 2021, the company has an estimated market capitalization of over $14 billion.
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