UDR has announced a joint venture with Kuwait Finance House (KFH) to acquire 1301 Thomas Circle in Washington, DC, a luxury apartment community within walking distance of the White House. The deal is reportedly worth $154 million. 1301 Thomas Circle is a 292-unit luxury apartment community in the Logan Circle neighborhood, which is less than
AvalonBay and UDR Swap $500 Million in Assets
April 6, 2011 by
Ever so often, it is a good idea to trade with your friends. In the end, you both get new toys and it does not cost you any money. AvalonBay and UDR decided to swap assets from their apartment community portfolios this week, leaving each with a new set of toys. The $500 million transaction
