UDR plans common stock offering

09/8/2010 | American City Business Journals

UDR is planning to sell 13.5 million shares of its common stock through an underwritten public offering. Underwriters have a 30-day option to buy an additional 2,025,000 shares. The apartment operator plans to use the proceeds for general corporate purposes and to fund potential and recent acquisitions. It just announced it acquired five apartment complexes and one presale purchase.

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