UDR Announces Closing of Common Stock Offering and Exercise of Underwriters' Overallotment Option

UDR, Inc. UDR announced today the closing of its public offering of 20,700,000 shares of its common stock at a price of $25.00 per share, including 2,700,000 shares sold as a result of the underwriters' exercise of their overallotment option in full at the closing. Net proceeds from the offering after deducting underwriting discounts and estimated offering expenses are expected to be approximately $496.3 million. All of the shares of common stock were offered by the Company and were issued under a currently effective shelf registration statement filed with the Securities and Exchange Commission.