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PROSPECTUS SUPPLEMENT
(To Prospectus Dated December 8, 2008 and
Prospectus Supplement Dated March 31, 2011)
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Filed pursuant to Rule 424(b)(5)
Registration No. 333-156002 |
UDR, INC.
Common Stock
Pursuant to the ATM Equity OfferingSM* sales agreement dated March 31,
2011, entered into between us and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup
Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, or the
Agents, which was filed as an exhibit to our Current Report on Form 8-K filed with the Securities
and Exchange Commission on March 31, 2011 and is incorporated herein by reference, we sold
10,222,044 shares of our common stock, par value $0.01 per share, through the Agents, acting as
sales agents or principals, between March 31, 2011 and
July 6, 2011, at an average sales price of $25.08 per
share, for aggregate gross proceeds of approximately $256,357,731.
Our aggregate net proceeds from such sales were approximately
$251,225,654, after deducting related expenses, including commissions
to the Agents of approximately $5,127,155, and SEC fees of $4,922.
Our common stock is listed and trades on the New York Stock Exchange, or NYSE, under the
symbol UDR. The last reported sale price of our common
stock on the NYSE on August 4, 2011 was
$24.09 per share.
This prospectus supplement should be read in conjunction with, and may not be delivered or
utilized without, the prospectus dated December 8, 2008 and the prospectus supplement dated March
31, 2011.
Investing in our common stock involves risks. See Risk Factors beginning on page S-3 of the
accompanying prospectus supplement dated March 31, 2011 and on page 1 of the accompanying
prospectus dated December 8, 2008, and the risks set forth under the caption Item 1A. Risk
Factors included in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or determined if this prospectus supplement or the
accompanying prospectus or prospectus supplement is truthful or complete. Any representation to
the contrary is a criminal offense.
BofA
Merrill
Lynch Citigroup Credit Suisse J.P. Morgan
The
date of this prospectus supplement is August 5, 2011.
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* |
ATM Equity Offering is a service mark of Merrill Lynch & Co., Inc. |