UDR/MetLife II
UDR, Inc., a leading multifamily real estate investment trust, formed a new real estate joint venture with MetLife, known as UDR/MetLife II, with each party owning a 50-percent interest in a $1.3 billion portfolio of 12 multifamily communities totaling 2,528 apartment units.
The 12 communities include seven from the pair’s first joint venture formed in November 2010, while the remaining five are newly acquired apartment buildings…