Toggle SGML Header (+)


Section 1: 10-Q (10-Q)

udr:ManagementAndOtherFeesMemberudr:ManagementAndOtherFeesMemberudr:ManagementAndOtherFeesMemberudr:ManagementAndOtherFeesMemberudr:ManagementAndOtherFeesMemberudr:ManagementAndOtherFeesMemberudr:ManagementAndOtherFeesMemberP3MP1YP1YP3M292948423275545900udr:ManagementAndOtherFeesMemberudr:ManagementAndOtherFeesMember2780994278099415802393149862754210000042100000000000742080001018254falsefalse20192019Q3Q3--12-31--12-3110-Q2019-09-30truefalse1745 Shea Center Drive, Suite 200Highlands RanchCO80129720283-61200000074208udr:UnitedDominionRealityLPMembersrt:MaximumMemberus-gaap:AssetsLeasedToOthersMember2019-07-012019-09-300000074208us-gaap:PreferredStockMember2019-09-300000074208us-gaap:NoncontrollingInterestMember2019-09-300000074208us-gaap:CommonStockMember2019-09-300000074208us-gaap:AdditionalPaidInCapitalMember2019-09-300000074208us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-300000074208us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2019-09-300000074208us-gaap:PreferredStockMember2019-06-300000074208us-gaap:NoncontrollingInterestMember2019-06-300000074208us-gaap:CommonStockMember2019-06-300000074208us-gaap:AdditionalPaidInCapitalMember2019-06-300000074208us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300000074208us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2019-06-3000000742082019-06-300000074208us-gaap:PreferredStockMember2018-12-310000074208us-gaap:NoncontrollingInterestMember2018-12-310000074208us-gaap:CommonStockMember2018-12-310000074208us-gaap:AdditionalPaidInCapitalMember2018-12-310000074208us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310000074208us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2018-12-310000074208us-gaap:PreferredStockMember2018-09-300000074208us-gaap:NoncontrollingInterestMember2018-09-300000074208us-gaap:CommonStockMember2018-09-300000074208us-gaap:AdditionalPaidInCapitalMember2018-09-300000074208us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-09-300000074208us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2018-09-300000074208us-gaap:PreferredStockMember2018-06-300000074208us-gaap:NoncontrollingInterestMember2018-06-300000074208us-gaap:CommonStockMember2018-06-300000074208us-gaap:AdditionalPaidInCapitalMember2018-06-300000074208us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-06-300000074208us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2018-06-3000000742082018-06-300000074208us-gaap:PreferredStockMember2017-12-310000074208us-gaap:NoncontrollingInterestMember2017-12-310000074208us-gaap:CommonStockMember2017-12-310000074208us-gaap:AdditionalPaidInCapitalMember2017-12-310000074208us-gaap:AccumulatedOtherComprehensiveIncomeMember2017-12-310000074208us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2017-12-310000074208us-gaap:CommercialPaperMember2018-01-012018-12-310000074208srt:MinimumMemberudr:EmployeeDirectorMemberudr:LtipUnitsClassTwoMember2019-01-012019-09-300000074208srt:MaximumMemberudr:EmployeeDirectorMemberudr:LtipUnitsClassTwoMember2019-01-012019-09-300000074208srt:MaximumMemberudr:LtipUnitsMember2019-01-012019-09-300000074208udr:LtipUnitsClassOneMember2019-01-012019-09-300000074208udr:ThreePointOneZeroPercentSeniorUnsecuredNotesDue2034Member2019-10-300000074208udr:FourPointSixThreePercentTermMediumNotesDueJanuaryTwoThousandTwentyTwoMember2019-10-300000074208udr:TermLoanFacilityDueSeptember2023OnePointNinetyThreePercentMember2019-09-300000074208udr:TermLoanFacilityDueSeptember2023Member2019-09-300000074208udr:OthersMember2019-09-300000074208udr:EightPointFiveZeroPercentDebenturesDueSeptember2024Member2019-09-300000074208udr:A2.95MediumTermNoteDueSeptember2026Member2019-09-300000074208udr:ThreePointTwoZeroPercentSeniorUnsecuredNotesDue2030Member2019-07-020000074208udr:TermLoanFacilityDueSeptember2023OnePointNinetyThreePercentMember2018-12-310000074208udr:TermLoanFacilityDueSeptember2023Member2018-12-310000074208udr:OthersMember2018-12-310000074208udr:EightPointFiveZeroPercentDebenturesDueSeptember2024Member2018-12-310000074208udr:A2.95MediumTermNoteDueSeptember2026Member2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:UdrIncMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:UdrIncMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:UdrIncMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:UdrIncMember2018-01-012018-09-300000074208us-gaap:SeriesFPreferredStockMember2019-09-300000074208us-gaap:SeriesEPreferredStockMember2019-09-300000074208us-gaap:SeriesFPreferredStockMember2018-12-310000074208us-gaap:SeriesEPreferredStockMember2018-12-310000074208us-gaap:SeriesEPreferredStockMember2019-07-012019-09-300000074208us-gaap:SeriesEPreferredStockMember2018-07-012018-09-300000074208us-gaap:SeriesEPreferredStockMember2018-01-012018-09-300000074208us-gaap:SeriesEPreferredStockMember2019-01-012019-09-300000074208us-gaap:SeriesEPreferredStockMember2018-01-012018-12-310000074208udr:ToBeDevelopedParcelOfLandInDenverColoradoMember2019-02-012019-02-280000074208udr:ToBeDevelopedParcelOfLandInWashingtonD.cMember2019-01-012019-01-310000074208udr:FourPointSixThreePercentTermMediumNotesDueJanuaryTwoThousandTwentyTwoMember2019-10-012019-10-300000074208udr:FourPointSixThreePercentTermMediumNotesDueJanuaryTwoThousandTwentyTwoMember2019-10-012019-10-300000074208udr:UnitedDominionRealityLPMemberus-gaap:NoncontrollingInterestMember2019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LimitedPartnerMember2019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:GeneralPartnerMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:PartnershipCapitalMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:LimitedPartnersMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:NoncontrollingInterestMember2019-06-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LimitedPartnerMember2019-06-300000074208udr:UnitedDominionRealityLPMemberus-gaap:GeneralPartnerMember2019-06-300000074208udr:UnitedDominionRealityLPMemberudr:PartnershipCapitalMember2019-06-300000074208udr:UnitedDominionRealityLPMemberudr:LimitedPartnersMember2019-06-300000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2019-06-300000074208udr:UnitedDominionRealityLPMember2019-06-300000074208udr:UnitedDominionRealityLPMemberus-gaap:NoncontrollingInterestMember2018-12-310000074208udr:UnitedDominionRealityLPMemberus-gaap:LimitedPartnerMember2018-12-310000074208udr:UnitedDominionRealityLPMemberus-gaap:GeneralPartnerMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:PartnershipCapitalMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:LimitedPartnersMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2018-12-310000074208udr:UnitedDominionRealityLPMemberus-gaap:NoncontrollingInterestMember2018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LimitedPartnerMember2018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:GeneralPartnerMember2018-09-300000074208udr:UnitedDominionRealityLPMemberudr:PayableReceivableDueToFromGeneralPartnerMember2018-09-300000074208udr:UnitedDominionRealityLPMemberudr:PartnershipCapitalMember2018-09-300000074208udr:UnitedDominionRealityLPMemberudr:LimitedPartnersMember2018-09-300000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:NoncontrollingInterestMember2018-06-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LimitedPartnerMember2018-06-300000074208udr:UnitedDominionRealityLPMemberus-gaap:GeneralPartnerMember2018-06-300000074208udr:UnitedDominionRealityLPMemberudr:PayableReceivableDueToFromGeneralPartnerMember2018-06-300000074208udr:UnitedDominionRealityLPMemberudr:PartnershipCapitalMember2018-06-300000074208udr:UnitedDominionRealityLPMemberudr:LimitedPartnersMember2018-06-300000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2018-06-300000074208udr:UnitedDominionRealityLPMember2018-06-300000074208udr:UnitedDominionRealityLPMemberus-gaap:NoncontrollingInterestMember2017-12-310000074208udr:UnitedDominionRealityLPMemberus-gaap:LimitedPartnerMember2017-12-310000074208udr:UnitedDominionRealityLPMemberus-gaap:GeneralPartnerMember2017-12-310000074208udr:UnitedDominionRealityLPMemberudr:PayableReceivableDueToFromGeneralPartnerMember2017-12-310000074208udr:UnitedDominionRealityLPMemberudr:PartnershipCapitalMember2017-12-310000074208udr:UnitedDominionRealityLPMemberudr:LimitedPartnersMember2017-12-310000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2017-12-310000074208udr:UDRLighthouseDownREITL.P.Member2019-09-300000074208us-gaap:NoncontrollingInterestMember2019-07-012019-09-300000074208us-gaap:NoncontrollingInterestMember2019-01-012019-09-300000074208us-gaap:NoncontrollingInterestMember2018-07-012018-09-300000074208us-gaap:NoncontrollingInterestMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMembersrt:RestatementAdjustmentMemberus-gaap:AccountingStandardsUpdate201602Member2019-01-010000074208srt:RestatementAdjustmentMemberus-gaap:AccountingStandardsUpdate201602Member2019-01-010000074208us-gaap:GeneralAndAdministrativeExpenseMemberus-gaap:BuildingMember2019-07-012019-09-300000074208us-gaap:LandMember2019-07-012019-09-300000074208us-gaap:GeneralAndAdministrativeExpenseMemberus-gaap:BuildingMember2019-01-012019-09-300000074208us-gaap:LandMember2019-01-012019-09-300000074208udr:LandParcelMemberudr:UnconsolidatedJointVentureVitruvianParkMember2019-09-300000074208udr:DevelopmentCommunityMemberudr:UnconsolidatedJointVentureVitruvianParkMember2019-09-300000074208udr:NoteDueOctober2020Member2018-12-310000074208udr:NoteDueFebruary2020Member2018-12-310000074208udr:NoteDueDecember2019Member2018-12-310000074208udr:NoteDueAugust2022Member2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:NoteDueNovember2028Member2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:NoteDueDecember2028Member2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:NoteDueDecember2023Member2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:NoteDueAugust2021Member2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:NoteDueApril2026Member2018-12-310000074208srt:MaximumMember2019-07-012019-09-300000074208srt:MaximumMember2019-01-012019-09-300000074208srt:MaximumMember2018-07-012018-09-300000074208srt:MaximumMember2018-01-012018-09-300000074208udr:SeniorUnsecuredMediumTermNotes3.2PercentDueJanuary2030Member2019-07-012019-07-310000074208udr:UnitedDominionRealityLPMemberudr:UdrBankCreditFacilityMember2019-09-300000074208udr:UdrBankCreditFacilityMemberudr:TermLoanFacilityDueSeptember2023Member2019-09-300000074208udr:UdrBankCreditFacilityMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMemberus-gaap:MortgagesMemberudr:OperatingPartnershipMember2019-09-300000074208udr:FannieMaeMember2019-01-012019-09-300000074208udr:UnsecuredWorkingCapitalCreditFacilityDueJanuary2021Member2018-01-012018-12-310000074208udr:FannieMaeMember2018-01-012018-12-310000074208udr:UnitedDominionRealityLPMemberudr:UnsecuredCommercialPaperMember2019-09-300000074208udr:UdrBankCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2019-09-300000074208udr:UnsecuredWorkingCapitalCreditFacilityDueJanuary2021Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:UnsecuredCommercialPaperMember2018-12-310000074208udr:UdrBankCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2018-12-310000074208udr:UnsecuredWorkingCapitalCreditFacilityDueJanuary2021Member2018-12-310000074208udr:FannieMaeMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2019-09-300000074208udr:UdrIncMemberus-gaap:LimitedPartnerMember2019-09-300000074208udr:UdrIncMemberus-gaap:GeneralPartnerMember2019-09-300000074208udr:UdrIncMemberudr:ClassLimitedPartnerMember2019-09-300000074208udr:UdrIncMemberudr:ClassLimitedPartnerMember2019-09-300000074208udr:ClassLimitedPartnerMemberudr:NonAffiliatedPartnersMember2019-09-300000074208us-gaap:LimitedPartnerMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2018-12-310000074208udr:UdrIncMemberus-gaap:LimitedPartnerMember2018-12-310000074208udr:UdrIncMemberus-gaap:GeneralPartnerMember2018-12-310000074208udr:UdrIncMemberudr:ClassLimitedPartnerMember2018-12-310000074208udr:UdrIncMemberudr:ClassLimitedPartnerMember2018-12-310000074208udr:ClassLimitedPartnerMemberudr:NonAffiliatedPartnersMember2018-12-310000074208us-gaap:LimitedPartnerMember2018-12-310000074208udr:UnitedDominionRealityLPMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208udr:UnitedDominionRealityLPMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208udr:UnitedDominionRealityLPMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208udr:UnitedDominionRealityLPMemberus-gaap:AssetsLeasedToOthersMember2019-09-300000074208us-gaap:AssetsLeasedToOthersMember2019-09-300000074208udr:UnitedDominionRealityLPMembersrt:MaximumMemberudr:ApartmentHomesMember2019-09-300000074208srt:MinimumMemberus-gaap:AssetsLeasedToOthersMember2019-09-300000074208srt:MaximumMemberus-gaap:AssetsLeasedToOthersMember2019-09-300000074208srt:MaximumMemberudr:ApartmentHomesMember2019-09-300000074208udr:UnitedDominionRealityLPMembersrt:MinimumMember2019-06-300000074208udr:UnitedDominionRealityLPMembersrt:MaximumMember2019-06-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LandMember2019-09-300000074208us-gaap:BuildingMember2019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:AssetsLeasedToOthersMember2019-01-012019-09-300000074208us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:LandMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LandMember2019-07-012019-09-300000074208us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:LandMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LandMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMembersrt:MaximumMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMembersrt:MaximumMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:FinancialGuaranteeMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:ThreePointSevenTermNotesDueOctober2020Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:TermNote4.40PercentageDueJanuary2029Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:TermLoanFacilityDueSeptember2023Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:FourPointSixThreePercentTermMediumNotesDueJanuaryTwoThousandTwentyTwoMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:A4.00MediumTermNoteDueOctober2025Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:A3.75MTNDueJuly2024Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:A3.50MediumTermNoteDueJuly2027Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:A2.95MediumTermNoteDueSeptember2026Member2019-09-300000074208udr:MediumTermNotesDueAugust2031Member2019-09-300000074208udr:OperatingCommunityInSilverSpringMarylandMember2019-07-012019-07-310000074208us-gaap:LandMember2019-06-012019-06-300000074208udr:OperatingCommunityInArlingtonVirginiaMember2019-05-012019-05-310000074208udr:ThreePointSevenTermNotesDueOctober2020Member2019-08-012019-08-310000074208us-gaap:LineOfCreditMember2019-07-012019-09-300000074208udr:UnconsolidatedJointVentureWestCoastDevelopmentJvMember2019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2018-12-310000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentEssexOrlandoFlMember2018-12-310000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1641LincolnSantaMonicaCaMember2018-12-310000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1532HarrisonSanFranciscoCaMember2018-12-310000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1300FairmountPhiladelphiaPaMember2018-12-310000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1200BroadwayNashvilleTnMember2018-12-310000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentVenturesMember2018-12-310000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentPortalsWashingtonDcMember2018-12-310000074208udr:UnconsolidatedJointVentureWestCoastDevelopmentJvMember2018-12-310000074208udr:DevelopmentCommunityMember2018-12-310000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureWestCoastDevelopmentJvMember2019-09-300000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureVitruvianParkMember2019-09-300000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureThreeMember2019-09-300000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureSevenUdrMetlifeIiPartnershipMember2019-09-300000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureOtherMetLifeMember2019-09-300000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureOneUDRMetLifePartnershipMember2019-09-300000074208udr:UnconsolidatedJointVentureThreeMember2019-07-310000074208udr:PreferredEquityInvestmentSeattleWaMember2019-01-310000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureWestCoastDevelopmentJvMember2018-12-310000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureVitruvianParkMember2018-12-310000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureThreeMember2018-12-310000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureSevenUdrMetlifeIiPartnershipMember2018-12-310000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureOtherMetLifeMember2018-12-310000074208udr:OperatingCommunityMemberudr:UnconsolidatedJointVentureOneUDRMetLifePartnershipMember2018-12-310000074208udr:PreferredEquityInvestmentSeattleWaMember2018-12-310000074208udr:PreferredEquityInvestmentAnaheimCaMember2018-12-310000074208udr:HomeOperatingCommunity386InAnaheimMember2018-12-310000074208udr:HomeOperatingCommunity155InSeattleMember2018-12-310000074208udr:PreferredEquityInvestment1300FairmountPhiladelphiaPaMember2018-08-310000074208us-gaap:LandMember2019-09-300000074208us-gaap:ConstructionInProgressMember2019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:InterestRateCapMemberus-gaap:NondesignatedMember2019-09-300000074208us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-09-300000074208us-gaap:InterestRateCapMemberus-gaap:NondesignatedMember2019-09-300000074208udr:InterestRateSwapSubsequentlyTerminatedAndSettledMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-06-300000074208udr:UnitedDominionRealityLPMemberus-gaap:InterestRateContractMemberudr:OtherIncomeExpenseMember2019-07-012019-09-300000074208us-gaap:InterestRateContractMemberudr:OtherIncomeExpenseMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:InterestRateContractMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:InterestRateContractMemberudr:OtherIncomeExpenseMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestExpenseMember2019-01-012019-09-300000074208us-gaap:InterestRateContractMemberudr:OtherIncomeExpenseMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:InterestRateContractMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:InterestRateContractMemberudr:OtherIncomeExpenseMember2018-07-012018-09-300000074208us-gaap:InterestRateContractMemberudr:OtherIncomeExpenseMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:InterestRateContractMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:InterestRateContractMemberudr:OtherIncomeExpenseMember2018-01-012018-09-300000074208us-gaap:InterestRateContractMemberudr:OtherIncomeExpenseMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:InterestRateContractMember2018-01-012018-09-300000074208us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestExpenseMember2019-07-012019-09-300000074208us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestExpenseMember2019-01-012019-09-300000074208us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestExpenseMember2018-07-012018-09-300000074208us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestExpenseMember2018-01-012018-09-300000074208us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-09-300000074208us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-12-310000074208us-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208us-gaap:OtherAssetsMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2019-09-300000074208us-gaap:InterestRateContractMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208us-gaap:InterestRateContractMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208us-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208us-gaap:OtherAssetsMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2018-12-310000074208us-gaap:InterestRateContractMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208us-gaap:InterestRateContractMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208srt:MaximumMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMember2018-12-310000074208us-gaap:UnsecuredDebtMember2018-12-310000074208udr:ThreePointTwoZeroPercentSeniorUnsecuredNotesDue2030Memberus-gaap:TreasuryLockMember2019-10-300000074208udr:ThreePointOneZeroPercentSeniorUnsecuredNotesDue2034Memberus-gaap:TreasuryLockMember2019-10-300000074208us-gaap:TreasuryLockMemberudr:MediumTerm3.00PercentageNoteDueAugust2031Member2019-08-310000074208udr:ThreePointSevenTermNotesDueOctober2020Member2019-09-300000074208udr:SeniorUnsecuredMediumTermNotes3.2PercentDueJanuary2030Member2019-09-300000074208udr:MediumTerm3.00PercentageNoteDueAugust2031Member2019-09-300000074208udr:FourPointSixThreePercentTermMediumNotesDueJanuaryTwoThousandTwentyTwoMember2019-09-300000074208udr:A3.50MediumTermNotesDueJanuary2028Member2019-09-300000074208udr:A3.50MediumTermNoteDueJuly2027Member2019-09-300000074208udr:ThreePointSevenTermNotesDueOctober2020Member2018-12-310000074208udr:SeniorUnsecuredMediumTermNotes3.2PercentDueJanuary2030Member2018-12-310000074208udr:MediumTerm3.00PercentageNoteDueAugust2031Member2018-12-310000074208udr:FourPointSixThreePercentTermMediumNotesDueJanuaryTwoThousandTwentyTwoMember2018-12-310000074208udr:FourPointFourZeroPercentMediumTermNoteDueJanuaryTwoThousandTwentyNineMember2018-12-310000074208udr:A4.00MediumTermNoteDueOctober2025Member2018-12-310000074208udr:A3.75MTNDueJuly2024Member2018-12-310000074208udr:A3.50MediumTermNotesDueJanuary2028Member2018-12-310000074208udr:A3.50MediumTermNoteDueJuly2027Member2018-12-310000074208udr:UnitedDominionRealityLPMembersrt:WeightedAverageMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMembersrt:WeightedAverageMemberudr:FixedRateDebtMemberus-gaap:MortgagesMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMembersrt:WeightedAverageMemberudr:FixedRateDebtMember2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:VariableRateDebtMemberus-gaap:SecuredDebtMember2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMember2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:FixedRateDebtMemberus-gaap:SecuredDebtMember2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:FixedRateDebtMemberus-gaap:MortgagesMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMembersrt:WeightedAverageMember2019-01-012019-09-300000074208srt:WeightedAverageMemberus-gaap:UnsecuredDebtMember2019-01-012019-09-300000074208srt:WeightedAverageMemberus-gaap:SecuredDebtMember2019-01-012019-09-300000074208srt:WeightedAverageMemberus-gaap:CommercialPaperMember2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:UnsecuredWorkingCapitalCreditFacilityDueJanuary2021Member2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:UnsecuredRevolvingCreditFacilityDueTwoThousandTwentyThreeMember2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:TermLoanFacilityDueSeptember2023OnePointNinetyThreePercentMember2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:TermLoanFacilityDueSeptember2023Member2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:SeniorUnsecuredMediumTermNotes3.2PercentDueJanuary2030Member2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:MediumTerm3.00PercentageNoteDueAugust2031Member2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:FourPointSixThreePercentTermMediumNotesDueJanuaryTwoThousandTwentyTwoMember2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:FourPointFourZeroPercentMediumTermNoteDueJanuaryTwoThousandTwentyNineMember2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:EightPointFiveZeroPercentDebenturesDueSeptember2024Member2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:A4.00MediumTermNoteDueOctober2025Member2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:A3.75MTNDueJuly2024Member2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:A3.50MediumTermNotesDueJanuary2028Member2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:A3.50MediumTermNoteDueJuly2027Member2019-01-012019-09-300000074208srt:WeightedAverageMemberudr:A2.95MediumTermNoteDueSeptember2026Member2019-01-012019-09-300000074208srt:WeightedAverageMember2019-01-012019-09-300000074208udr:ThreePointOneZeroPercentSeniorUnsecuredNotesDue2034Member2019-10-300000074208udr:SeniorUnsecuredMediumTermNotes3.2PercentDueJanuary2030Member2019-10-300000074208udr:FourPointSixThreePercentTermMediumNotesDueJanuaryTwoThousandTwentyTwoMember2019-10-300000074208udr:ThreePointSevenTermNotesDueOctober2020Member2019-08-310000074208udr:SeniorUnsecuredMediumTermNotes3.2PercentDueJanuary2030Member2019-07-020000074208srt:MinimumMemberudr:FixedRateDebtMemberus-gaap:MortgagesMember2019-09-300000074208srt:MaximumMemberudr:FixedRateDebtMemberus-gaap:MortgagesMember2019-09-300000074208udr:VariableRateDebtMemberudr:TaxExemptSecuredNotesPayableMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:NoteDueNovember2028Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:NoteDueDecember2028Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:NoteDueDecember2023Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:NoteDueAugust2021Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:NoteDueApril2026Member2019-09-3000000742082019-10-012019-10-300000074208udr:ThreePointTwoZeroPercentSeniorUnsecuredNotesDue2030Member2019-07-022019-07-020000074208us-gaap:CommercialPaperMember2019-01-012019-09-300000074208udr:UnsecuredWorkingCapitalCreditFacilityDueJanuary2021Member2019-01-012019-09-300000074208udr:TermLoanFacilityDueSeptember2023OnePointNinetyThreePercentMember2019-01-012019-09-300000074208udr:TermLoanFacilityDueSeptember2023Member2019-01-012019-09-300000074208udr:SeniorUnsecuredMediumTermNotes3.2PercentDueJanuary2030Member2019-01-012019-09-300000074208udr:MortgageDueFebruary2020Member2019-01-012019-09-300000074208udr:MediumTerm3.00PercentageNoteDueAugust2031Member2019-01-012019-09-300000074208udr:FourPointSixThreePercentTermMediumNotesDueJanuaryTwoThousandTwentyTwoMember2019-01-012019-09-300000074208udr:FourPointFourZeroPercentMediumTermNoteDueJanuaryTwoThousandTwentyNineMember2019-01-012019-09-300000074208udr:FixedRateMortgageDueOctober2029Member2019-01-012019-09-300000074208udr:EightPointFiveZeroPercentDebenturesDueSeptember2024Member2019-01-012019-09-300000074208udr:A4.00MediumTermNoteDueOctober2025Member2019-01-012019-09-300000074208udr:A3.75MTNDueJuly2024Member2019-01-012019-09-300000074208udr:A3.50MediumTermNotesDueJanuary2028Member2019-01-012019-09-300000074208udr:A3.50MediumTermNoteDueJuly2027Member2019-01-012019-09-300000074208udr:A2.95MediumTermNoteDueSeptember2026Member2019-01-012019-09-300000074208udr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberudr:TaxExemptNotesPayableMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:FixedRateDebtMemberus-gaap:MortgagesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:FixedRateDebtMemberus-gaap:MortgagesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgagesMember2019-09-300000074208udr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberudr:TaxExemptNotesPayableMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:FixedRateDebtMemberus-gaap:MortgagesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:FixedRateDebtMemberus-gaap:MortgagesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:FixedRateDebtMemberus-gaap:MortgagesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgagesMember2019-09-300000074208udr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberudr:TaxExemptNotesPayableMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208udr:FixedRateDebtMemberus-gaap:MortgagesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgagesMember2018-12-310000074208udr:FixedRateDebtMemberus-gaap:LineOfCreditMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:LineOfCreditMember2018-12-310000074208udr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberudr:TaxExemptNotesPayableMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208udr:FixedRateDebtMemberus-gaap:MortgagesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgagesMember2018-12-310000074208udr:FixedRateDebtMemberus-gaap:LineOfCreditMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:LineOfCreditMember2018-12-310000074208srt:MinimumMemberus-gaap:UnsecuredDebtMember2019-01-012019-09-300000074208srt:MinimumMemberus-gaap:RevolvingCreditFacilityMember2019-01-012019-09-300000074208srt:MinimumMemberudr:UnsecuredWorkingCapitalCreditFacilityDueJanuary2021Member2019-01-012019-09-300000074208srt:MaximumMemberus-gaap:UnsecuredDebtMember2019-01-012019-09-300000074208srt:MaximumMemberus-gaap:RevolvingCreditFacilityMember2019-01-012019-09-300000074208srt:MaximumMemberudr:UnsecuredWorkingCapitalCreditFacilityDueJanuary2021Member2019-01-012019-09-300000074208us-gaap:UnsecuredDebtMember2019-01-012019-09-300000074208us-gaap:RevolvingCreditFacilityMember2019-01-012019-09-300000074208udr:ForwardSalesAgreementMember2019-09-300000074208udr:AtMarketOfferingMember2017-07-310000074208udr:AtMarketOfferingMember2019-09-300000074208udr:UnitedDominionRealityLPMember2018-09-3000000742082018-09-300000074208udr:UnitedDominionRealityLPMember2017-12-3100000742082017-12-310000074208udr:OperatingCommunityInNorwoodMassachusettsMember2019-08-310000074208udr:OperatingCommunityInWalthamMassachusettsMember2019-06-300000074208udr:OperatingCommunityInSt.PetersburgFloridaMember2019-05-310000074208udr:OperatingCommunityInKingOfPrussiaPennsylvaniaMember2019-05-310000074208udr:OperatingCommunityInTowsonMarylandMember2019-04-300000074208udr:OperatingCommunityInSt.PetersburgFloridaMember2019-02-280000074208udr:HomeOperatingCommunity386InAnaheimMember2019-01-310000074208us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208us-gaap:EquityUnitPurchaseAgreementsMember2019-07-012019-09-300000074208us-gaap:ConvertiblePreferredStockMember2019-07-012019-09-300000074208udr:StockCompensationPlanAndForwardSalesAgreementMember2019-07-012019-09-300000074208us-gaap:EquityUnitPurchaseAgreementsMember2019-01-012019-09-300000074208us-gaap:ConvertiblePreferredStockMember2019-01-012019-09-300000074208udr:StockCompensationPlanAndForwardSalesAgreementMember2019-01-012019-09-300000074208us-gaap:EquityUnitPurchaseAgreementsMember2018-07-012018-09-300000074208us-gaap:ConvertiblePreferredStockMember2018-07-012018-09-300000074208udr:StockCompensationPlanAndForwardSalesAgreementMember2018-07-012018-09-300000074208us-gaap:EquityUnitPurchaseAgreementsMember2018-01-012018-09-300000074208us-gaap:ConvertiblePreferredStockMember2018-01-012018-09-300000074208udr:StockCompensationPlanAndForwardSalesAgreementMember2018-01-012018-09-300000074208udr:DebtAssumedAsPartOfAcquisitionMember2019-07-012019-09-300000074208udr:DebtAssumedAsPartOfAcquisitionMember2019-01-012019-09-300000074208udr:DebtAssumedAsPartOfAcquisitionMember2018-07-012018-09-300000074208udr:DebtAssumedAsPartOfAcquisitionMember2018-01-012018-09-3000000742082019-08-012019-08-310000074208udr:AtMarketOfferingMember2019-07-012019-09-300000074208udr:AtMarketOfferingMember2019-01-012019-09-300000074208us-gaap:SeniorNotesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:CommercialBankMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208us-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208us-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:CommercialBankMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208udr:CommercialBankMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000074208us-gaap:SeniorNotesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208udr:CommercialBankMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208us-gaap:SeniorNotesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208us-gaap:SeniorNotesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208udr:CommercialBankMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208udr:CommercialBankMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2018-12-310000074208srt:MinimumMemberudr:LtipUnitsMember2019-01-012019-09-300000074208udr:ThreePointTwoZeroPercentSeniorUnsecuredNotesDue2030Member2019-10-300000074208udr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberudr:TaxExemptNotesPayableMember2019-09-300000074208udr:FixedRateDebtMemberus-gaap:MortgagesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgagesMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:FixedRateDebtMemberus-gaap:MortgagesMember2019-09-300000074208udr:VariableRateDebtMemberudr:TaxExemptNotesPayableMember2019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:MortgagesMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:FixedRateDebtMember2019-09-300000074208udr:FixedRateDebtMemberus-gaap:MortgagesMember2019-09-300000074208udr:MortgageDueFebruary2020Member2019-09-300000074208udr:FixedRateMortgageDueOctober2029Member2019-09-300000074208udr:VariableRateDebtMemberudr:TaxExemptNotesPayableMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberudr:TaxExemptNotesPayableMember2018-12-310000074208udr:FixedRateDebtMemberus-gaap:MortgagesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgagesMember2018-12-310000074208udr:FixedRateDebtMemberus-gaap:LineOfCreditMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:LineOfCreditMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMember2018-12-310000074208udr:VariableRateDebtMemberus-gaap:SecuredDebtMember2018-12-310000074208udr:VariableRateDebtMemberudr:TaxExemptNotesPayableMember2018-12-310000074208udr:FixedRateDebtMemberus-gaap:SecuredDebtMember2018-12-310000074208udr:FixedRateDebtMemberus-gaap:MortgagesMember2018-12-310000074208udr:FixedRateDebtMemberus-gaap:LineOfCreditMember2018-12-310000074208us-gaap:SecuredDebtMember2018-12-310000074208udr:VariableRateDebtMemberudr:TaxExemptSecuredNotesPayableMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMember2018-01-012018-09-300000074208udr:TaxableReitSubsidiariesMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesWesternRegionMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesSouthwesternRegionMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesSoutheasternRegionMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesNortheastRegionMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesMidAtlanticRegionMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:NonMatureCommunitiesOtherMember2019-09-300000074208udr:SameCommunitiesWesternRegionMember2019-09-300000074208udr:SameCommunitiesSouthwesternRegionMember2019-09-300000074208udr:SameCommunitiesSoutheasternRegionMember2019-09-300000074208udr:SameCommunitiesNortheastRegionMember2019-09-300000074208udr:SameCommunitiesMidAtlanticRegionMember2019-09-300000074208udr:NonMatureCommunitiesOtherMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesWesternRegionMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesSouthwesternRegionMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesSoutheasternRegionMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesNortheastRegionMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesMidAtlanticRegionMember2018-12-310000074208udr:UnitedDominionRealityLPMemberudr:NonMatureCommunitiesOtherMember2018-12-310000074208udr:SameCommunitiesWesternRegionMember2018-12-310000074208udr:SameCommunitiesSouthwesternRegionMember2018-12-310000074208udr:SameCommunitiesSoutheasternRegionMember2018-12-310000074208udr:SameCommunitiesNortheastRegionMember2018-12-310000074208udr:SameCommunitiesMidAtlanticRegionMember2018-12-310000074208udr:NonMatureCommunitiesOtherMember2018-12-3100000742082019-01-012019-01-310000074208udr:MediumTerm3.00PercentageNoteDueAugust2031Member2019-08-310000074208udr:SeniorUnsecuredMediumTermNotes3.2PercentDueJanuary2030Member2019-07-310000074208udr:UnitedDominionRealityLPMembersrt:RestatementAdjustmentMemberus-gaap:AccountingStandardsUpdate201602Member2018-12-310000074208srt:RestatementAdjustmentMemberus-gaap:AccountingStandardsUpdate201602Member2018-12-310000074208udr:FourPointFourZeroPercentMediumTermNoteDueJanuaryTwoThousandTwentyNineMember2019-09-300000074208udr:A4.00MediumTermNoteDueOctober2025Member2019-09-300000074208udr:A3.75MTNDueJuly2024Member2019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:AssetsLeasedToOthersMember2019-06-302019-06-300000074208udr:UnitedDominionRealityLPMemberudr:ApartmentHomesMember2019-01-012019-09-300000074208us-gaap:AssetsLeasedToOthersMember2019-01-012019-09-300000074208udr:ApartmentHomesMember2019-01-012019-09-300000074208udr:ThreePointTwoZeroPercentSeniorUnsecuredNotesDue2030Member2019-10-012019-10-300000074208udr:ThreePointOneZeroPercentSeniorUnsecuredNotesDue2034Member2019-10-012019-10-300000074208udr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2019-09-300000074208udr:PreferredEquityInvestmentModeraLakeMerrittOaklandMember2019-04-300000074208udr:PreferredEquityInvestmentEssexOrlandoFlMember2018-09-300000074208srt:MinimumMemberudr:PreferredEquityInvestment1300FairmountPhiladelphiaPaMember2018-08-310000074208srt:MaximumMemberudr:PreferredEquityInvestment1300FairmountPhiladelphiaPaMember2018-08-310000074208udr:PreferredEquityInvestment1641LincolnSantaMonicaCaMember2018-08-310000074208udr:PreferredEquityInvestment1200BroadwayNashvilleTnMember2017-09-300000074208udr:PreferredEquityInvestmentSanFrancisoCaliforniaJvMember2017-06-300000074208udr:UnitedDominionRealityLPMemberudr:TotalCommunitiesMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesWesternRegionMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesSouthwesternRegionMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesSoutheasternRegionMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesNortheastRegionMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesMidAtlanticRegionMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:NonMatureCommunitiesOtherMember2019-07-012019-09-300000074208udr:TotalCommunitiesMember2019-07-012019-09-300000074208udr:SameCommunitiesWesternRegionMember2019-07-012019-09-300000074208udr:SameCommunitiesSouthwesternRegionMember2019-07-012019-09-300000074208udr:SameCommunitiesSoutheasternRegionMember2019-07-012019-09-300000074208udr:SameCommunitiesNortheastRegionMember2019-07-012019-09-300000074208udr:SameCommunitiesMidAtlanticRegionMember2019-07-012019-09-300000074208udr:NonMatureCommunitiesOtherMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:TotalCommunitiesMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesWesternRegionMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesSoutheasternRegionMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesNortheastRegionMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesMidAtlanticRegionMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:NonMatureCommunitiesOtherMember2019-01-012019-09-300000074208udr:TotalCommunitiesMember2019-01-012019-09-300000074208udr:SameCommunitiesWesternRegionMember2019-01-012019-09-300000074208udr:SameCommunitiesSouthwesternRegionMember2019-01-012019-09-300000074208udr:SameCommunitiesSoutheasternRegionMember2019-01-012019-09-300000074208udr:SameCommunitiesNortheastRegionMember2019-01-012019-09-300000074208udr:SameCommunitiesMidAtlanticRegionMember2019-01-012019-09-300000074208udr:NonMatureCommunitiesOtherMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:TotalCommunitiesMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesWesternRegionMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesSouthwesternRegionMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesSoutheasternRegionMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesNortheastRegionMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesMidAtlanticRegionMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:NonMatureCommunitiesOtherMember2018-07-012018-09-300000074208udr:TotalCommunitiesMember2018-07-012018-09-300000074208udr:SameCommunitiesWesternRegionMember2018-07-012018-09-300000074208udr:SameCommunitiesSouthwesternRegionMember2018-07-012018-09-300000074208udr:SameCommunitiesSoutheasternRegionMember2018-07-012018-09-300000074208udr:SameCommunitiesNortheastRegionMember2018-07-012018-09-300000074208udr:SameCommunitiesMidAtlanticRegionMember2018-07-012018-09-300000074208udr:NonMatureCommunitiesOtherMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:TotalCommunitiesMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesWesternRegionMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesSoutheasternRegionMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesNortheastRegionMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:SameCommunitiesMidAtlanticRegionMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:NonMatureCommunitiesOtherMember2018-01-012018-09-300000074208udr:TotalCommunitiesMember2018-01-012018-09-300000074208udr:SameCommunitiesWesternRegionMember2018-01-012018-09-300000074208udr:SameCommunitiesSouthwesternRegionMember2018-01-012018-09-300000074208udr:SameCommunitiesSoutheasternRegionMember2018-01-012018-09-300000074208udr:SameCommunitiesNortheastRegionMember2018-01-012018-09-300000074208udr:SameCommunitiesMidAtlanticRegionMember2018-01-012018-09-300000074208udr:NonMatureCommunitiesOtherMember2018-01-012018-09-300000074208udr:ThirdCommunityMember2019-09-300000074208udr:UdrMetlifeOperatingCommunitiesMember2019-08-310000074208udr:OperatingCommunityInSilverSpringMarylandMember2019-07-310000074208udr:OperatingCommunityInArlingtonVirginiaMember2019-05-310000074208udr:PreferredEquityInvestmentAnaheimCaMember2019-01-310000074208udr:UdrMetlifeTwoOperatingCommunitiesMember2019-08-012019-08-310000074208udr:UdrBankCreditFacilityMemberudr:UnsecuredRevolvingCreditFacilityDueTwoThousandTwentyThreeMember2019-09-300000074208udr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2015-01-012015-12-310000074208udr:UnconsolidatedJointVentureThreeMember2019-01-010000074208udr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2017-12-310000074208udr:UnitedDominionRealityLPMemberudr:VariableRateDebtMemberudr:TaxExemptNotesPayableMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:FixedRateDebtMemberus-gaap:MortgagesMember2019-01-012019-09-300000074208udr:VariableRateDebtMemberus-gaap:SecuredDebtMember2019-01-012019-09-300000074208udr:VariableRateDebtMemberudr:TaxExemptNotesPayableMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:FixedRateDebtMember2019-01-012019-09-300000074208udr:FixedRateDebtMemberus-gaap:SecuredDebtMember2019-01-012019-09-300000074208udr:FixedRateDebtMemberus-gaap:MortgagesMember2019-01-012019-09-300000074208us-gaap:SecuredDebtMember2019-01-012019-09-300000074208udr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2017-01-012017-12-310000074208udr:UnconsolidatedJointVentureVitruvianParkMember2019-09-300000074208udr:UnconsolidatedJointVentureThreeMember2019-08-310000074208udr:OperatingCommunityInNorwoodMassachusettsMember2019-08-012019-08-310000074208udr:OperatingCommunityInEnglewoodNewJerseyMember2019-08-012019-08-310000074208udr:OperatingCommunityInWalthamMassachusettsMember2019-06-012019-06-300000074208udr:OperatingCommunityInSt.PetersburgFloridaMember2019-05-012019-05-310000074208udr:OperatingCommunityInKingOfPrussiaPennsylvaniaMember2019-05-012019-05-310000074208udr:OperatingCommunityInTowsonMarylandMember2019-04-012019-04-300000074208udr:OperatingCommunityInSt.PetersburgFloridaMember2019-02-012019-02-280000074208udr:OperatingCommunityInBrooklynNewYorkMember2019-02-012019-02-280000074208udr:PreferredEquityInvestmentSeattleWaMember2019-01-012019-01-310000074208udr:PreferredEquityInvestmentAnaheimCaMember2019-01-012019-01-310000074208udr:PreferredEquityInvestmentSeattleWaMember2017-01-012017-12-310000074208udr:PreferredEquityInvestmentHillsboroOregonMember2017-01-012017-12-310000074208udr:NoteDueDecember2019Member2019-09-300000074208udr:NoteDueAugust2022Member2019-09-300000074208us-gaap:NoncontrollingInterestMember2019-07-012019-09-300000074208us-gaap:CommonStockMember2019-07-012019-09-300000074208us-gaap:AdditionalPaidInCapitalMember2019-07-012019-09-300000074208us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300000074208us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2019-07-012019-09-300000074208us-gaap:NoncontrollingInterestMember2019-01-012019-09-300000074208us-gaap:CommonStockMember2019-01-012019-09-300000074208us-gaap:AdditionalPaidInCapitalMember2019-01-012019-09-300000074208us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-09-300000074208us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2019-01-012019-09-300000074208us-gaap:NoncontrollingInterestMember2018-07-012018-09-300000074208us-gaap:CommonStockMember2018-07-012018-09-300000074208us-gaap:AdditionalPaidInCapitalMember2018-07-012018-09-300000074208us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-07-012018-09-300000074208us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2018-07-012018-09-300000074208us-gaap:NoncontrollingInterestMember2018-01-012018-09-300000074208us-gaap:CommonStockMember2018-01-012018-09-300000074208us-gaap:AdditionalPaidInCapitalMember2018-01-012018-09-300000074208us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-012018-09-300000074208us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2018-01-012018-09-300000074208udr:UdrIncMemberus-gaap:LimitedPartnerMember2019-01-012019-09-300000074208us-gaap:LimitedPartnerMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:NoncontrollingInterestMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LimitedPartnerMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:GeneralPartnerMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:PartnershipCapitalMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:LimitedPartnersMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:NoncontrollingInterestMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LimitedPartnerMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:GeneralPartnerMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:PartnershipCapitalMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:LimitedPartnersMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:NoncontrollingInterestMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LimitedPartnerMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:GeneralPartnerMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:PayableReceivableDueToFromGeneralPartnerMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:PartnershipCapitalMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:LimitedPartnersMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:NoncontrollingInterestMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:LimitedPartnerMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberus-gaap:GeneralPartnerMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:PayableReceivableDueToFromGeneralPartnerMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:PartnershipCapitalMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:LimitedPartnersMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:ClassLimitedPartnerMember2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:NonAffiliatedPartnersMember2019-09-300000074208udr:NonAffiliatedPartnersMemberudr:UnitedDominionRealityLPMember2019-09-300000074208udr:NonAffiliatedPartnersMemberudr:UDRLighthouseDownREITL.P.Member2019-09-300000074208udr:UDRLighthouseDownREITL.P.Member2019-09-300000074208udr:NonAffiliatedPartnersMember2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:NonAffiliatedPartnersMember2018-12-310000074208udr:UdrIncMemberudr:UnitedDominionRealityLPMember2018-12-310000074208udr:NonAffiliatedPartnersMemberudr:UnitedDominionRealityLPMember2018-12-310000074208udr:UdrIncMember2018-12-310000074208udr:ClassLimitedPartnerMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMember2019-09-300000074208udr:UnitedDominionRealityLPMember2018-12-3100000742082018-12-310000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2019-07-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentModeraLakeMerrittOaklandMember2019-07-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentEssexOrlandoFlMember2019-07-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1641LincolnSantaMonicaCaMember2019-07-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1532HarrisonSanFranciscoCaMember2019-07-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1300FairmountPhiladelphiaPaMember2019-07-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1200BroadwayNashvilleTnMember2019-07-012019-09-300000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentVenturesMember2019-07-012019-09-300000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentPortalsWashingtonDcMember2019-07-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2019-01-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentModeraLakeMerrittOaklandMember2019-01-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentEssexOrlandoFlMember2019-01-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1641LincolnSantaMonicaCaMember2019-01-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1532HarrisonSanFranciscoCaMember2019-01-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1300FairmountPhiladelphiaPaMember2019-01-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1200BroadwayNashvilleTnMember2019-01-012019-09-300000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentVenturesMember2019-01-012019-09-300000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentPortalsWashingtonDcMember2019-01-012019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2018-07-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentEssexOrlandoFlMember2018-07-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1641LincolnSantaMonicaCaMember2018-07-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1532HarrisonSanFranciscoCaMember2018-07-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1300FairmountPhiladelphiaPaMember2018-07-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1200BroadwayNashvilleTnMember2018-07-012018-09-300000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentVenturesMember2018-07-012018-09-300000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentPortalsWashingtonDcMember2018-07-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2018-01-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentEssexOrlandoFlMember2018-01-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1641LincolnSantaMonicaCaMember2018-01-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1532HarrisonSanFranciscoCaMember2018-01-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1300FairmountPhiladelphiaPaMember2018-01-012018-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1200BroadwayNashvilleTnMember2018-01-012018-09-300000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentVenturesMember2018-01-012018-09-300000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentPortalsWashingtonDcMember2018-01-012018-09-300000074208udr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2017-05-012017-05-310000074208udr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2017-03-012017-03-310000074208udr:UdrIncMemberudr:UnitedDominionRealityLPMember2019-09-300000074208udr:UnitedDominionRealityLPMember2019-09-300000074208udr:UdrIncMember2019-09-300000074208udr:HomeOperatingCommunity386InAnaheimMember2019-01-012019-01-310000074208udr:HomeOperatingCommunity155InSeattleMember2019-01-012019-01-310000074208udr:ForwardSalesAgreementMember2019-09-012019-09-300000074208udr:UdrBankCreditFacilityMemberudr:UnsecuredRevolvingCreditFacilityDueTwoThousandTwentyThreeMember2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:UDRLighthouseDownREITL.P.Member2019-07-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:UDRLighthouseDownREITL.P.Member2019-01-012019-09-300000074208udr:UnitedDominionRealityLPMemberudr:UDRLighthouseDownREITL.P.Member2018-07-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:UDRLighthouseDownREITL.P.Member2018-01-012018-09-300000074208udr:UnitedDominionRealityLPMemberudr:UDRLighthouseDownREITL.P.Member2019-09-300000074208udr:UnitedDominionRealityLPMemberudr:UDRLighthouseDownREITL.P.Member2018-12-310000074208udr:UnconsolidatedJointVenturesMember2019-09-300000074208udr:UnconsolidatedJointVenturesMember2018-12-310000074208udr:UnconsolidatedJointVenturesMember2019-07-012019-09-300000074208udr:UnconsolidatedJointVenturesMember2019-01-012019-09-300000074208udr:UnconsolidatedJointVenturesMember2018-07-012018-09-300000074208udr:UnconsolidatedJointVenturesMember2018-01-012018-09-300000074208udr:PreferredEquityInvestmentSeattleWaMember2017-12-310000074208udr:PreferredEquityInvestmentHillsboroOregonMember2017-12-310000074208udr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2015-12-310000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentModeraLakeMerrittOaklandMember2019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestmentEssexOrlandoFlMember2019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1641LincolnSantaMonicaCaMember2019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1532HarrisonSanFranciscoCaMember2019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1300FairmountPhiladelphiaPaMember2019-09-300000074208udr:DevelopmentCommunityMemberudr:PreferredEquityInvestment1200BroadwayNashvilleTnMember2019-09-300000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentVenturesMember2019-09-300000074208udr:DevelopmentCommunityMemberudr:OtherInvestmentPortalsWashingtonDcMember2019-09-300000074208udr:DevelopmentCommunityMember2019-09-300000074208udr:UnitedDominionRealityLPMembersrt:MaximumMember2018-01-012018-09-300000074208udr:KingOfPrussiaMember2019-09-300000074208udr:ThirdPartyDeveloperInWashingtonD.cMember2017-05-310000074208udr:VariableRateDebtMemberus-gaap:SecuredDebtMember2019-09-300000074208udr:FixedRateDebtMemberus-gaap:SecuredDebtMember2019-09-300000074208us-gaap:UnsecuredDebtMember2019-09-300000074208us-gaap:SecuredDebtMember2019-09-300000074208udr:ThirdPartyDeveloperInWashingtonD.cMember2017-05-012017-05-310000074208udr:UnitedDominionRealityLPMemberudr:RealEstateCommunitiesRedevelopmentMember2019-09-300000074208us-gaap:UnconsolidatedPropertiesMember2019-09-300000074208udr:WhollyOwnedPropertiesUnderDevelopmentMember2019-09-300000074208udr:WhollyOwnedPropertiesRedevelopmentMember2019-09-300000074208udr:RealEstateInvestmentOtherMember2019-09-300000074208udr:PreferredEquityInvestmentsMember2019-09-3000000742082019-09-300000074208udr:PreferredEquityInvestmentWestCoastDevelopmentJVMember2019-01-012019-09-300000074208udr:UnconsolidatedJointVentureThreeMember2019-08-012019-08-310000074208udr:UdrMetlifeOperatingCommunitiesMember2019-08-012019-08-310000074208us-gaap:CommercialPaperMember2019-09-300000074208us-gaap:CommercialPaperMember2018-12-310000074208udr:UnitedDominionRealityLPMember2019-07-012019-09-3000000742082019-07-012019-09-300000074208udr:UnitedDominionRealityLPMember2018-07-012018-09-3000000742082018-07-012018-09-300000074208udr:UnitedDominionRealityLPMember2018-01-012018-09-3000000742082018-01-012018-09-300000074208udr:OperatingCommunityInEnglewoodNewJerseyMember2019-08-310000074208udr:OperatingCommunityInBrooklynNewYorkMember2019-02-280000074208udr:HomeOperatingCommunity155InSeattleMember2019-01-310000074208udr:NoteDueOctober2020Member2019-01-012019-09-300000074208udr:NoteDueFebruary2020Member2019-01-012019-09-300000074208udr:NoteDueOctober2020Member2019-09-300000074208udr:NoteDueFebruary2020Member2019-09-300000074208udr:NoteDueDecember2019Member2018-03-3100000742082019-10-280000074208udr:UnitedDominionRealityLPMember2019-01-012019-09-3000000742082019-01-012019-09-30udr:instrumentudr:propertyudr:segmentudr:statexbrli:sharesiso4217:USDxbrli:pureiso4217:USDxbrli:sharesudr:itemudr:homeudr:classudr:communityudr:loan

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2019

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                    

Commission file number

1-10524 (UDR, Inc.)

333-156002-01 (United Dominion Realty, L.P.)

UDR, Inc.

United Dominion Realty, L.P.

(Exact name of registrant as specified in its charter)

Maryland (UDR, Inc.)

54-0857512

Delaware (United Dominion Realty, L.P.)

54-1776887

(State or other jurisdiction of

(I.R.S. Employer

incorporation of organization)

Identification No.)

1745 Shea Center Drive, Suite 200, Highlands Ranch, Colorado 80129

(Address of principal executive offices) (zip code)

(720283-6120

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01

UDR

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

UDR, Inc.

Yes No

United Dominion Realty, L.P.

Yes No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

UDR, Inc.

Yes No

United Dominion Realty, L.P.

Yes No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

UDR, Inc.:

Large Accelerated Filer

Accelerated Filer

Non-Accelerated Filer

Smaller Reporting Company

Emerging Growth Company

United Dominion Realty, L.P.:

Large Accelerated Filer

Accelerated Filer

Non-Accelerated Filer

Smaller Reporting Company

Emerging Growth Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

UDR, Inc.

United Dominion Realty, L.P.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

UDR, Inc.

Yes No

United Dominion Realty, L.P.

Yes No

The number of shares of UDR, Inc.’s common stock, $0.01 par value, outstanding as of October 28, 2019 was 293,053,423.

Table of Contents

UDR, INC.

UNITED DOMINION REALTY, L.P.

INDEX

PAGE

PART I — FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements

UDR, INC.:

Consolidated Balance Sheets as of September 30, 2019 (unaudited) and December 31, 2018 (audited)

5

Consolidated Statements of Operations for the three and nine months ended September 30, 2019 and 2018 (unaudited)

6

Consolidated Statements of Comprehensive Income/(Loss) for the three and nine months ended September 30, 2019 and 2018 (unaudited)

7

Consolidated Statements of Changes in Equity for the three and nine months ended September 30, 2019 and 2018 (unaudited)

8

Consolidated Statements of Cash Flows for the nine months ended September 30, 2019 and 2018 (unaudited)

10

Notes to Consolidated Financial Statements (unaudited)

12

UNITED DOMINION REALTY, L.P.:

Consolidated Balance Sheets as of September 30, 2019 (unaudited) and December 31, 2018 (audited)

47

Consolidated Statements of Operations for the three and nine months ended September 30, 2019 and 2018 (unaudited)

48

Consolidated Statements of Changes in Capital for the three and nine months ended September 30, 2019 and 2018 (unaudited)

49

Consolidated Statements of Cash Flows for the nine months ended September 30, 2019 and 2018 (unaudited)

50

Notes to Consolidated Financial Statements (unaudited)

51

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

70

Item 3. Quantitative and Qualitative Disclosures About Market Risk

95

Item 4. Controls and Procedures

95

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

96

Item 1A. Risk Factors

96

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

110

Item 3. Defaults Upon Senior Securities

111

Item 4. Mine Safety Disclosures

111

Item 5. Other Information

111

Item 6. Exhibits

112

Table of Contents

Signatures

114

Exhibit 4.1

Exhibit 4.2

Exhibit 31.1

Exhibit 31.2

Exhibit 31.3

Exhibit 31.4

Exhibit 32.1

Exhibit 32.2

Exhibit 32.3

Exhibit 32.4

Table of Contents

EXPLANATORY NOTE

This Report combines the quarterly reports on Form 10-Q for the quarter ended September 30, 2019 of UDR, Inc., a Maryland corporation, and United Dominion Realty, L.P., a Delaware limited partnership, of which UDR, Inc. is the parent company and sole general partner. Unless the context otherwise requires, all references in this Report to “we,” “us,” “our,” the “Company,” “UDR” or “UDR, Inc.” refer collectively to UDR, Inc., together with its consolidated subsidiaries and joint ventures, including United Dominion Realty, L.P. and UDR Lighthouse DownREIT L.P. (the “DownREIT Partnership”), also a Delaware limited partnership of which UDR is the sole general partner. Unless the context otherwise requires, the references in this Report to the “Operating Partnership” or the “OP” refer to United Dominion Realty, L.P., together with its consolidated subsidiaries. “Common stock” refers to the common stock of UDR and “stockholders” means the holders of shares of UDR’s common stock and preferred stock. The limited partnership interests of the Operating Partnership and the DownREIT Partnership are referred to as “OP Units” and “DownREIT Units,” respectively, and the holders of the OP Units and DownREIT Units are referred to as “unitholders.” This combined Form 10-Q is being filed separately by UDR and the Operating Partnership.

There are a number of differences between the Company and the Operating Partnership, which are reflected in our disclosures in this Report. UDR is a real estate investment trust (“REIT”), whose most significant asset is its ownership interest in the Operating Partnership. UDR also conducts business through other subsidiaries, including its taxable REIT subsidiary (“TRS”). UDR acts as the sole general partner of the Operating Partnership, holds interests in subsidiaries and joint ventures, owns and operates properties, issues securities from time to time and guarantees debt of certain of our subsidiaries. The Operating Partnership conducts the operations of a substantial portion of the business and is structured as a partnership with no publicly traded equity securities. The Operating Partnership has guaranteed certain outstanding debt of UDR.

As of September 30, 2019, UDR owned 110,883 units (100%) of the general partnership interests of the Operating Partnership and 176,099,189 OP Units, representing approximately 95.7% of the total outstanding OP Units in the Operating Partnership. UDR conducts a substantial amount of its business and holds a substantial amount of its assets through the Operating Partnership, and, by virtue of its ownership of the OP Units and UDR’s role as the Operating Partnership’s sole general partner, UDR has the ability to control all of the day-to-day operations of the Operating Partnership. Separate financial statements and accompanying notes, as well as separate discussions under “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” are presented in this report for each of UDR and the Operating Partnership.

Table of Contents

UDR, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

September 30, 

December 31, 

    

2019

    

2018

(unaudited)

(audited)

ASSETS

Real estate owned:

 

  

 

  

Real estate held for investment

$

11,542,550

$

10,196,159

Less: accumulated depreciation

 

(4,000,608)

 

(3,654,160)

Real estate held for investment, net

 

7,541,942

 

6,541,999

Real estate under development (net of accumulated depreciation of $0 and $0, respectively)

 

21,845

 

Total real estate owned, net of accumulated depreciation

 

7,563,787

 

6,541,999

Cash and cash equivalents

 

1,895

 

185,216

Restricted cash

 

21,646

 

23,675

Notes receivable, net

 

37,899

 

42,259

Investment in and advances to unconsolidated joint ventures, net

 

791,180

 

780,869

Operating lease right-of-use assets

135,889

Other assets

 

145,301

 

137,710

Total assets

$

8,697,597

$

7,711,728

LIABILITIES AND EQUITY

 

  

 

  

Liabilities:

 

  

 

  

Secured debt, net

$

600,624

$

601,227

Unsecured debt, net

 

3,335,273

 

2,946,560

Operating lease liabilities

130,135

Real estate taxes payable

 

42,031

 

20,608

Accrued interest payable

 

27,577

 

38,747

Security deposits and prepaid rent

 

36,382

 

35,060

Distributions payable

 

108,939

 

97,666

Accounts payable, accrued expenses, and other liabilities

 

72,680

 

76,343

Total liabilities

 

4,353,641

 

3,816,211

Commitments and contingencies (Note 13)

 

  

 

  

Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership

 

1,072,181

 

972,740

Equity:

 

  

 

  

Preferred stock, no par value; 50,000,000 shares authorized:

 

  

 

  

8.00% Series E Cumulative Convertible; 2,780,994 shares issued and outstanding at September 30, 2019 and December 31, 2018

 

46,200

 

46,200

Series F; 14,986,275 and 15,802,393 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively

 

1

 

1

Common stock, $0.01 par value; 350,000,000 shares authorized:

 

  

 

  

292,948,423 and 275,545,900 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively

 

2,929

 

2,755

Additional paid-in capital

 

5,702,782

 

4,920,732

Distributions in excess of net income

 

(2,496,328)

 

(2,063,996)

Accumulated other comprehensive income/(loss), net

 

(9,022)

 

(67)

Total stockholders’ equity

 

3,246,562

 

2,905,625

Noncontrolling interests

 

25,213

 

17,152

Total equity

 

3,271,775

 

2,922,777

Total liabilities and equity

$

8,697,597

$

7,711,728

See accompanying notes to consolidated financial statements.

5

Table of Contents

UDR, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2019

    

2018

2019

2018

REVENUES:

    

  

    

  

    

  

    

  

Rental income

$

289,008

$

263,256

$

835,393

$

770,373

Joint venture management and other fees

 

6,386

 

2,888

 

11,982

 

8,819

Total revenues

 

295,394

 

266,144

 

847,375

 

779,192

OPERATING EXPENSES:

 

  

 

  

 

  

 

  

Property operating and maintenance

 

46,869

 

44,090

 

131,702

 

126,129

Real estate taxes and insurance

 

38,490

 

34,352

 

110,624

 

99,541

Property management

 

8,309

 

7,240

 

24,018

 

21,185

Other operating expenses

 

2,751

 

3,314

 

11,132

 

8,148

Real estate depreciation and amortization

 

127,391

 

107,881

 

357,793

 

322,537

General and administrative

 

12,197

 

11,896

 

37,002

 

36,028

Casualty-related charges/(recoveries), net

 

(1,088)

 

678

 

(842)

 

2,364

Other depreciation and amortization

 

1,619

 

1,682

 

4,953

 

5,057

Total operating expenses

 

236,538

 

211,133

676,382

 

620,989

Gain/(loss) on sale of real estate owned

5,282

70,300

Operating income

 

58,856

 

55,011

 

176,275

 

228,503

Income/(loss) from unconsolidated entities

 

12,713

 

(1,382)

 

19,387

 

(5,091)

Interest expense

 

(42,523)

 

(34,401)

 

(110,482)

 

(95,942)

Interest income and other income/(expense), net

 

1,875

 

1,188

 

12,998

 

5,075

Income/(loss) before income taxes

 

30,921

 

20,416

 

98,178

 

132,545

Tax (provision)/benefit, net

 

(1,499)

 

(158)

 

(3,836)

 

(618)

Net income/(loss)

 

29,422

 

20,258

 

94,342

 

131,927

Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership

 

(2,162)

 

(1,616)

 

(6,871)

 

(10,819)

Net (income)/loss attributable to noncontrolling interests

 

(56)

 

(32)

 

(145)

 

(141)

Net income/(loss) attributable to UDR, Inc.

 

27,204

 

18,610

 

87,326

 

120,967

Distributions to preferred stockholders — Series E (Convertible)

 

(1,031)

 

(971)

 

(3,073)

 

(2,897)

Net income/(loss) attributable to common stockholders

$

26,173

$

17,639

$

84,253

$

118,070

Income/(loss) per weighted average common share:

 

  

 

  

 

  

 

  

Basic

$

0.09

$

0.07

$

0.30

$

0.44

Diluted

$

0.09

$

0.07

$

0.30

$

0.44

Weighted average number of common shares outstanding:

 

  

 

  

 

  

 

  

Basic

 

288,706

 

267,727

 

282,598

 

267,529

Diluted

 

289,529

 

268,861

 

283,292

 

269,020

See accompanying notes to consolidated financial statements.

6

Table of Contents

UDR, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

(In thousands)

(Unaudited)

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2019

    

2018

2019

2018

Net income/(loss)

$

29,422

$

20,258

$

94,342

$

131,927

Other comprehensive income/(loss), including portion attributable to noncontrolling interests:

 

  

 

  

 

  

 

  

Other comprehensive income/(loss) - derivative instruments:

 

  

 

  

 

  

 

  

Unrealized holding gain/(loss)

 

(659)

 

2,320

 

(7,181)

 

4,312

(Gain)/loss reclassified into earnings from other comprehensive income/(loss)

 

(624)

 

(564)

 

(2,504)

 

(1,162)

Other comprehensive income/(loss), including portion attributable to noncontrolling interests

 

(1,283)

 

1,756

 

(9,685)

 

3,150

Comprehensive income/(loss)

 

28,139

 

22,014

 

84,657

 

135,077

Comprehensive (income)/loss attributable to noncontrolling interests

 

(2,119)

 

(1,798)

 

(6,286)

 

(11,230)

Comprehensive income/(loss) attributable to UDR, Inc.

$

26,020

$

20,216

$

78,371

$

123,847

See accompanying notes to consolidated financial statements.

7

Table of Contents

UDR, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In thousands, except per share data)

(Unaudited)

    

    

    

Distributions

    

Accumulated Other Comprehensive

    

    

Preferred

Common

Paid-in

in Excess of

Income/(Loss),

Noncontrolling

Stock

Stock

Capital

Net Income

net

Interests

Total

Balance at June 30, 2019

$

46,201

$

2,831

$

5,244,819

$

(2,336,609)

$

(7,838)

$

18,611

$

2,968,015

Net income/(loss) attributable to UDR, Inc.

 

 

 

 

27,204

 

 

 

27,204

Net income/(loss) attributable to noncontrolling interests

 

 

 

 

 

 

40

 

40

Long Term Incentive Plan Unit grants/(vestings), net

 

 

 

 

 

 

6,562

 

6,562

Other comprehensive income/(loss)

 

 

 

 

 

(1,184)

 

 

(1,184)

Issuance/(forfeiture) of common and restricted shares, net

 

 

 

1,175

 

 

 

 

1,175

Issuance of common shares through public offering, net

 

 

96

 

449,041

 

 

 

 

449,137

Adjustment for conversion of noncontrolling interest of unitholders in the Operating Partnership and DownREIT Partnership

 

 

2

 

7,747

 

 

 

 

7,749

Common stock distributions declared ($0.3425 per share)

 

 

 

 

(100,657)

 

 

 

(100,657)

Preferred stock distributions declared-Series E ($0.3708 per share)

 

 

 

 

(1,031)

 

 

 

(1,031)

Adjustment to reflect redemption value of redeemable noncontrolling interests

 

 

 

 

(85,235)

 

 

 

(85,235)

Balance at September 30, 2019

$

46,201

$

2,929

$

5,702,782

$

(2,496,328)

$

(9,022)

$

25,213

$

3,271,775