UDR, Inc. (NYSE: UDR), a multifamily real estate investment trust, and Apollo (NYSE: APO) announced their intention to form a new, long-term joint venture involving a diversified portfolio of apartment communities. The joint venture will own a portfolio of 19 high-quality communities totaling 7,059 apartment homes and valued at approximately US$2 billion. The transaction is expected to close on October 29, 2026, subject to execution of the documentation and customary closing conditions.
Latham & Watkins advised UDR in the transaction with a corporate deal team led by partners Julian Kleindorfer, Darren Guttenberg, Ann Buckingham, and Justin Elliott, with associates Daniel Eyal and Zachary Krooks.
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