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.
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Apollo and UDR Form Joint Venture for $2 Billion Apartment Portfolio
Apollo would invest $1.34 billion in equity for roughly a two-thirds stake in the joint venture; UDR would retain a one-third stake.
UDR and Apollo Announce $2 Billion Strategic Partnership
UDR and Apollo announced their intention to form a long-term joint venture involving a diversified portfolio of apartment communities.