Udr, Inc. · NYSE:UDR
Udr — Merger or Acquisition (June 2015)
10 slides from Udr's merger presentation, Jun 22, 2015
Slide 1: Washington DC Acquisition in Exchange for OP Units
Exhibit 99.2 ox Opening doors to the future® — Washington DC Acquisition in Exchange for OP Units June 2015 UDR, Inc. (NYSE: UDR), has a demonstrated history of successfully CFO: managing, buying, selling, developing and redeveloping attractive real Tom Herzog estate properties in primary U.S. marke
Slide 2: Summary of Transaction
SUMMARY OF TRANSACTION v v v UDR has entered into a definitive agreement with Lone Star, Inc., Lone Star L.P. (collectively “Lone Star’), Home Properties, Inc. and Home Operating Partnership scorer “Home”) to acquire up to $908 million of apartment communities in the Washington DC m: The communities
Slide 3: Investment Benefits
INVESTMENT BENEFITS v v v v v v v Opportunity for UDR to acquire four newly constructed or recently redeveloped apartment communities and two communities with potential redevelopment opportunities in the recovering Washington DC market that meets its investment criteria at favorable pricing Utilizat
Slide 4: Eleven55 Ripley
OVERVIEW OF POTENTIAL ACQUISITIONS Eleven55 Ripley Homes: 379 Location: Silver Spring, M Year Completed: 2014 ($300K per home) Average Square Feet: 799 Average Monthly Revenue per Occupied Home: $2,142 ($2.68/SF) Occupancy: 88% Retail Space: 2,400 square feet Purchase Price: $126 million ($332K per
Slide 5: 1200 East West
OVERVIEW OF POTENTIAL ACQUISITIONS 1200 East West Homes: 247 Location: Silver Spring, MD Year Completed: 2010 ($347K per home) Average Square Feet: 821 Average Monthly Revenue per Occupied Home: $1,954 ($2.38/SF) Occupancy: 97% Retail Space: 6,589 square feet Purchase Price: $82 million ($316K per h
Slide 6: Courts at Huntington Station
OVERVIEW OF POTENTIAL ACQUISITIONS Courts at Huntington Station Homes: 421 Location: Alexandria, VA Year Completed: 2011 ($291K per home) Average Square Feet: 996 Average Monthly Revenue per Occupied Home: $2,143 ($2.15/SF) Occupancy: 92% Purchase Price: $147 million ($349K per home) The community i
Slide 7: Arbor Park of Alexandria
OVERVIEW OF POTENTIAL ACQUISITIONS Arbor Park of Alexandria + Homes: 851 + Location: Alexandria, VA + Year Completed/Renovated: 1969/2015 + Average Square Feet: 1,0: + Average Monthly Revenue per Occupied Home: $1,816 ($1.75/SF) + Occupancy: 81% + Purchase Price: $210 million ($247K per home) + Debt
Slide 8: The Courts at Dulles
OVERVIEW OF POTENTIAL ACQUISITIONS The Courts at Dulles Homes: 411 Location: Herndon, VA Year Completed: 2000 Average Square Feet: 951 Average Monthly Revenue per Occupied Home: $1,681 ($1.77/SF) Occupancy: 95% Purchase Price: $100 million ($243K per home) The community is less than 4 miles to Dulle
Slide 9: Newport Village
OVERVIEW OF POTENTIAL ACQUISITIONS Newport Village Homes: 937 Location: Alexandria, VA Year Completed: 1968 Average Square Feet: 1,051 Average Monthly Revenue per Occupied Home: $1,756 ($1.67/SF) Occupancy: 93% Purchase Price: $243 million ($259K per home) This community is located in the very desir
Slide 10: Forward-Looking Statements
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