Abstract
AbstractProperty, Real Estate & Development (MIC: 8.3 SIC: 6798 NAIC: 525930)UDR is a self‐administered real estate investment trust (REIT) that owns, acquires, renovates, develops and manages apartment communities nationwide. At Dec 31 2006, Co.'s apartment portfolio included 242 communities located in 33 markets, with a total of 70,339 completed apartment homes. In addition, Co. had five apartment communities under development. Co.'s subsidiaries include two operating partnerships, Heritage Communities L.P., and United Dominion Realty L.P. Co. focuses on the segment of the apartment market that generally consists of renters‐by‐necessity, including young professionals, single individuals, single parent households and immigrants.
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