UDR Announces Proposed Offering of 15M Shares of Common Stock

UDR, Inc. UDR today announced that it plans to sell 15,000,000 shares of its common stock in an underwritten public offering. UDR also plans to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares to cover overallotments, if any. All of the shares of common stock will be offered by the Company and will be issued under a currently effective shelf registration statement filed with the Securities and Exchange Commission