UDR and Apollo Establish $2 billion Apartment Joint Venture
UDR UDR Inc
$35.04 +1.83%
View chart & analysis → - 1UDR and Apollo plan a $2 billion joint venture involving 19 apartment communities.
- 2Apollo will invest $1.34 billion for approximately two-thirds of the entity's equity.
- 3The transaction implies a capitalization rate of 6.0%.
So what's the key point?
UDR and Apollo have decided to jointly operate 19 apartment communities. This investment will launch a $2 billion project.
Source Nasdaq +1 · View original ↗
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