UDR is a company that invests in real estate and specializes in owning, operating, acquiring, renovating, developing, redeveloping, disposing of, and managing multifamily apartment communities in specific areas of the United States.
The company has two segments that it reports on. The Same-Store Communities segment includes communities that were acquired, developed, and stabilized before January 1, 2021, and are still owned by the company on December 31, 2022. The Non-Mature Communities/Other segment includes communities that don’t meet the criteria for the Same-Store Communities segment, such as recently acquired, developed, and redeveloped communities, and non-apartment parts of mixed-use properties. The company’s major source of revenue comes from Same-Store Communities.
UDR has been in operation for over 49 years, and it specializes in providing high-quality apartment homes with exemplary service along with amenities to make its customers content. The company focuses on placing its communities in some of the most desirable locations throughout the United States, such as New York City’s Upper West Side or San Francisco’s Mission Bay District.
The company also makes use of innovative technology in its apartments to make the living experience more comfortable for its customers, such as providing free Wi-Fi and high-speed internet access. It also utilizes Smart home technology which includes smart locks, thermostats, light switches, and water leak detectors. In addition to this, UDR provides a Resident Portal for its customers to be able to conduct apartment-related business online.
This includes being able to pay rent, renew leases, and schedule maintenance requests all through the portal. The company also has services that are provided by its staff members which range from fielding sales questions to handling errands such as booking dinner reservations or receiving and delivering packages right to their customers’ doors. All of these offerings make UDR a great choice for anyone looking for the perfect apartment in an ideal location with all the luxuries and amenities that come along with it.
This is why when choosing to invest in UDR, you can be assured that your money will be well spent on real estate investment that is sure to provide an excellent return on investment. UDR Inc is a trusted leader in multifamily real estate investment and it strives to provide the best possible services and amenities for its customers. Its commitment to innovative technology and excellent customer service make it one of the top REITs (Real Estate Investment Trusts) in the United States today.