UDR Expands Joint Venture with LaSalle to $850 Million
- Joint Venture Expansion: UDR has expanded its joint venture with LaSalle Investment Management to approximately $850 million, adding $230 million in funding, which underscores the company's strong growth potential in the multifamily real estate market.
- Use of Proceeds: The proceeds will be utilized for share repurchases, debt repayment, and general corporate purposes, aimed at enhancing financial flexibility and increasing shareholder returns.
- Geographic Diversification: The addition of four apartment communities enhances the geographic diversification of the joint venture, not only stabilizing the investment portfolio but also providing current returns to the partner.
- Future Growth Opportunities: UDR and LaSalle plan to explore incremental growth opportunities in 2026, indicating both parties' confidence in future market potential and commitment to ongoing collaboration.
Trade with 70% Backtested Accuracy
Analyst Views on UDR
About UDR
About the author
Daily Dividend Update: IVR, BXP, STT, UDR, HEI
BXP Dividend Announcement: BXP declared a quarterly cash dividend of $0.70 per share for the period from October 1, 2025, to December 31, 2025, payable on January 29, 2026, to shareholders of record as of December 31, 2025.
State Street Dividend Announcement: State Street announced a quarterly cash dividend of $0.84 per share, payable on January 12, 2026, to shareholders of record as of January 2, 2026.
UDR Dividend Announcement: UDR declared a quarterly dividend of $0.43 per share for the fourth quarter of 2025, payable on February 2, 2026, marking its 213th consecutive quarterly dividend.
HEICO Dividend Announcement: HEICO announced a cash dividend of $0.12 per share, its 95th consecutive semiannual dividend, payable on January 20, 2026, to shareholders of record as of January 5, 2026.
UDR Enhances Partnership with LaSalle Investment Management
Joint Venture Expansion: UDR, Inc. has closed a $230 million expansion of its joint venture with LaSalle Investment Management, increasing the total size to approximately $850 million.
New Contributions: UDR will contribute four apartment communities totaling 974 homes, located in Portland, Orlando, and Richmond, while retaining 51% ownership in these new assets.
Financial Structure: The contributed assets will be encumbered with 50% debt, leading to a total leverage of about 33% at the joint venture level, with UDR expecting to receive around $200 million in cash proceeds.
Future Plans: UDR and LaSalle Investment Management are looking to explore additional growth opportunities for the joint venture in 2026, using proceeds for share repurchases, debt repayment, and general corporate purposes.
