UDR, Apollo Plan $2 Billion Apartment Joint Venture

By Public Technologies
  • UDR and Apollo plan a $2 billion joint venture comprising 19 apartment communities totaling 7,059 homes.
  • Apollo will invest $1.34 billion for an approximately two-thirds stake; the transaction implies a capitalization rate of approximately 6%.
  • The remaining one-third stake stays with UDR, which will consolidate the venture and manage the portfolio for an asset management fee.
  • A repurchase option allows UDR to buy Apollo’s stake at an expected 7%-7.5% fixed return for a finite period from closing’s fifth anniversary.
  • Closing is expected October 29, 2026; proceeds will fund higher-growth assets, debt reduction and general corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UDR Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261020404386) on October 21, 2026, and is solely responsible for the information contained therein.

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