UDR issues $350 million senior notes due 2033.
UDR, Inc. (UDR) announced today that it has priced an offering of $350 million 1.900% senior unsecured notes due 2033. The notes were priced at a discount to yield 1.939% or +110 basis points to the treasury curve. UDR said that proceeds would be used to redeem the $183 million remaining amount of its 3.750% senior notes due 2024, and for other current maturities.
UDR is a national apartment REIT with a current portfolio of 166 properties/51,649 units in 21 coastal and sunbelt markets. The company has a total market capitalization of approximately $15.2 billion and is a member of the S&P 500.
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UDR is a national apartment REIT with a current portfolio of 166 properties/51,649 units in 21 coastal and sunbelt markets. The company has a total market capitalization of approximately $15.2 billion and is a member of the S&P 500.
11/30/2020