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UDR, Inc. (UDR) Announces Proposed 7M Share Common Offering

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UDR Announces Public Offering of 7,000,000 Shares of Common Stock

March 30, 2021 4:16 PM EDT

DENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) (NYSE: UDR), announced today that it is commencing an underwritten public offering of 7,000,000 shares of common stock in connection with the forward sale agreements described below.

J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering.

The Company expects to enter into forward sale agreements with J.P. Morgan and Wells Fargo Securities or their affiliates (the forward purchasers) with respect to 7,000,000 shares of its common stock. In connection with the forward sale agreements, the forward purchasers or their... More