United Dominion Realty Trust, Inc. (NYSE: UDR) is a real estate investment trust focused on the ownership, acquisition, development, redevelopment and management of multifamily apartment communities. The company generates revenue primarily by leasing apartment homes to residents and operates as a vertically integrated residential real estate business.
UDR’s portfolio includes apartment communities serving a range of renters, from conventional multifamily residents to customers seeking amenity-rich properties in urban and suburban locations. Its services and operations include property management, leasing, resident relations, maintenance, renovations and the administration of community amenities and technology-enabled resident offerings.
Founded in 1972, UDR has grown from a regional apartment owner into a multifamily housing company with communities in several major U.S. markets, including locations in the Southeast, Southwest, Mid-Atlantic, Midwest and West. The company is headquartered in Highlands Ranch, Colorado, and its strategy emphasizes operating and investing in markets with diverse employment bases, population growth and demand for rental housing.
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