UDR Announces Pricing of Common Stock Offering (UDR)

UDR, Inc. UDR today announced the pricing of a public offering of 16,000,000 shares of its common stock at a price of $20.35 per share, for net proceeds of approximately $312.1 million after underwriting discounts and commissions and estimated offering expenses. UDR has granted the underwriters a 30-day option to purchase up to an additional 2,400,000 shares of common stock to cover overallotments, if any. The offering is expected to close on September 13, 2010, subject to customary closing conditions. All of the shares of common stock were offered by the Company and will be issued under a currently effective shelf registration statement filed with the Securities and Exchange Commission.