UDR and Apollo Plan $2 Billion Apartment Joint Venture
UDR and Apollo announced plans to form a long-term joint venture owning 19 communities with 7,059 apartment homes, valued at approximately $2.0 billion.
WASHINGTON (dpa-AFX) - Wednesday, UDR, Inc. (UDR) and Apollo Global Management, Inc. (APO) announced their plan to form a new, long-term joint venture, owning a portfolio of 19 high-quality communities totaling 7,059 apartment homes and valued at approximately $2.0 billion.As per the terms of the d…