UDR, Inc. (UDR) Declares $0.2775 Quarterly Dividend; 3.3% Yield
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UDR, Inc. (UDR) to Acquire Six Home Properties (HME) Communities
June 22, 2015 9:01 AM EDTUDR, Inc. (NYSE: UDR) has entered into a definitive agreement with Lone Star, Inc., Lone Star L.P. (collectively Lone Star), Home Properties, Inc. (NYSE: HME) and Home Operating Partnership (collectively Home) to acquire up to six communities valued at $908 million in exchange for a combination of common OP units of a newly formed operating partnership of the Company (UDR OP Units), cash and the assumption of debt. The estimated year-one cap rate on the transaction is approximately 5.2 percent. The identified apartment communities are located in the Companys core... More
