UDR markets series A medium-term notes via three bookrunners

By Cristal Cody

Tupelo, Miss., Nov. 29 – UDR, Inc. plans to price an offering of medium-term notes, according to a 424B5 filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, BofA Merrill Lynch and U.S. Bancorp Investments, Inc. are the bookrunners.

The notes are fully and unconditionally guaranteed by United Dominion Realty, LP.

Proceeds will be used to repay outstanding debt, including funding the redemption of $300 million of 4.25% senior notes due June 1, 2018 and for other general corporate purposes.

UDR is a real estate investment trust that owns and operates apartment communities.

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