UDR, Inc. (UDR) Prices Public Offering of 6.1M Shares of Common Stock at $49.38

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UDR Prices Public Offering of 6,100,000 Shares of Common Stock

June 21, 2021 5:27 PM EDT

DENVER--(BUSINESS WIRE)-- UDR, Inc. (the Company) (NYSE: UDR) announced today that it has priced an underwritten public offering of 6,100,000 shares of common stock at a price of $49.38 per share, all of which are being offered in connection with the forward sale agreements described below and all of which will be sold to one institutional investor.

BofA Securities and Citigroup are acting as joint book-running managers for the offering.

The Company has entered into forward sale agreements with BofA Securities and Citigroup or their affiliates (the forward purchasers) with respect to 6,100,000... More