UDR · 10-Q · 2026Q3 · Full report

Joint Venture Proceeds

UDR, Inc. · 2026-11-03 · Importance 58 · Surprise 42 · No source text

UDR stated that the Apollo JV, formed in October 2026, provided approximately $1.34 billion of cash proceeds. For the nine months ended September 30, 2026, UDR received $227.9 million of distributions from unconsolidated joint ventures and partnerships, including $30.6 million classified as operating cash flows and $197.3 million as investing cash flows. UDR invested $5.3 million in those ventures and recorded a $24.6 million proportionate share of their net income.

Key facts

• For the nine months ended September 30, 2026, UDR's investing cash flow was $233.9 million, compared with $(154.1) million in the comparable 2025 period. source
• In September 2026, UDR acquired a developer's interest in a 483-home Riverside, California community through repayment of the joint venture's first mortgage and a deed in lieu of foreclosure; the transaction increased UDR's real estate assets by approximately $246.8 million and produced a $1.1 million gain on consolidation. source
• In July 2026, UDR contributed a wholly owned 360-home Nashville community to its existing LaSalle joint venture, retained a 51% ownership interest, received approximately $103.2 million of cash proceeds, and recorded a gain of approximately $75.2 million. source
• For the nine months ended September 30, 2026, UDR invested $5.3 million in unconsolidated ventures, recognized its $24.6 million proportionate share of venture net income, and received $227.9 million of distributions, including $30.6 million operating and $197.3 million investing cash flows. source
• In April 2026, UDR acquired and began consolidating a 232-home operating community in Portland, Oregon through liquidation of its joint venture interest, repaid the venture's $53.4 million first mortgage loan, and settled its $18.9 million preferred equity investment; no cash consideration was paid to the partner. source
• In July 2026, UDR acquired and began consolidating a 286-home Portland, Oregon community through liquidation of its joint venture interest, repaid the venture's $74.1 million first mortgage loan, and settled its $27.5 million preferred equity investment; no cash consideration was paid to the partner. source
• In June 2026, UDR acquired the developer's equity interest in a 66-home operating community in Santa Monica, California, issuing $2.8 million of OP Units; the joint venture became wholly owned and UDR recognized a $3.8 million gain. source
• UDR had ownership interests in 8,410 completed or to-be-completed apartment homes through unconsolidated joint ventures or partnerships, including 2,649 homes owned by entities in which it held preferred equity investments. source

Impact estimates