(UDR) UDR Adds Asset at Record Price
Posted on June 30, 2011 at 16:43 PM EDT
UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), has recently acquired a luxury condo-turned-rental project in Washington DC, for $104 million or $670 per square foot – the highest price per square foot ever paid for a Class A rental property in the region. The 185-unit apartment complex called ‘View 14’ was [...] (UDR) UDR Adds Asset at Record Price