UDR Completes $500M Asset Exchange

UDR, Inc. UDR today announced that it has completed a $500 million asset exchange with AvalonBay Communities, After the close of this transaction, UDR will own, or have an ownership interest, in eight communities consisting of 2,481 homes in the Boston metro area, 12 communities consisting of 2,676 homes in the San Francisco metro area and 30 communities consisting of 8,095 homes in Southern California.