DENVER, CO (REIT Media) March 17, 2008 - UDR, Inc. (NYSE: UDR) announced today that it has closed a two-year unsecured term loan facility. $200 million of the loan was swapped to a fixed rate of 3.61% through February 1, 2010, and the remaining $40 million floats at LIBOR plus a spread of 85 basis points.

Proceeds were used to redeem $200 million of 4.5% medium term notes that were due in March 2008, and the remaining $40 million will be used for general corporate purposes.

J.P. Morgan Securities Inc. and Wachovia Capital Markets, LLC were joint lead arrangers and joint book-running managers. A consortium of nine banks participated in the facility.

About UDR, Inc.

UDR, Inc. (NYSE: UDR), an S&P 400 company, is a leading multifamily real estate investment trust (REIT) with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. As of March 3, 2008, UDR owned 40,226 apartment homes and had 6,184 homes under development and another 738 homes under contract for development in its pre-sale program. For over 30 years, UDR has delivered long-term value to shareholders, the best standard of service to residents, and the highest quality experience for associates. Additional information can be found on the Company’s website at www.udr.com.

UDR, Inc.
Larry Thede, 720-283-2450
ir@udr.com
www.udr.com