UDR, Inc. Announces Redemption of Series G Preferred Stock

UDR, Inc. (the "Company")

, a leading multifamily real estate investment trust, today announced that it will redeem all issued and outstanding shares of its 6.75% Series G Cumulative Redeemable Preferred Stock (NYSE: UDRPrG) on May 31, 2012. The Series G Preferred Stock will be redeemed at a redemption price of $25 per share in cash, plus accrued and unpaid dividends to the redemption date. Dividends shall cease to accrue on all shares of Series G Preferred Stock on the redemption date. There are currently 3,264,362 shares of Series G Preferred Stock issued and outstanding.