UDR to redeem $300 million 4.25% notes with new deal proceeds

New York, Nov. 29 – UDR, Inc. plans to repay its $300 million of 4.25% notes due June 1, 2018 using proceeds from an offering of new medium-term notes, according to a 424B5 filing with the Securities and Exchange Commission.

To redeem the notes, UDR will exercise the make-whole call provision.

Proceeds may also be used for general corporate purposes.

UDR is a Highlands Ranch, Colo., real estate investment trust that owns and manages multi-family apartment buildings.

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