-+ 0.00%
-+ 0.00%
-+ 0.00%

UDR, LaSalle Joint Venture Grows To $850M

Barchart·12/19/2025 16:56:16
Listen to the news
Denver-based multifamily real estate investment trust UDR expanded its joint venture with LaSalle Investment Management to $850M, contributing four additional properties to the partnership. UDR and LaSalle announced in a statement that they closed on a $230M expansion of their joint venture, which started in 2023 with four properties at $530M. The expansion adds 974 units to the venture, bringing the total to 2,564. The newly contributed properties are in Portland, Oregon, Orlando, Florida, and Richmond, Virginia. UDR will encumber the new assets with 50% debt and place debt on existing joint venture assets to bring the total joint venture-level leverage to approximately 33%. Under the...