Property Management IndexCompare managers
Property Management Index / Managers

UDR.
Owner-operator.

Highlands Ranch, CO · Founded 1972 · udr.com
Show properties in
Changes property counts, units, ratings and maps. Company facts like people, legal events and fees are firm-wide.
Investor snapshotThe questions to ask before you hireSources ↓
Can you hire them for your building?
Rarely
Mainly runs buildings it owns[11][12]
How big are they?
60,535 units
#30 on NMHC's 2026 Top 50 Managers[72] · we count 3,974+ units in 60+ properties · our count
What do residents say?
3.7 on Google
4,699 reviews · 2025: 3.1 → 2026: 4
Legal or regulatory trouble lately?
7 events since 2023
antitrust, fair housing, lawsuit · details
What does management cost?
Not publicly disclosed
Ask for a fee proposal; see what others charge on their pages
Who runs DFW locally?
No named local leader found
Company leadership listed below · team
Growing or shrinking?
stable
55,696 units (2024) → 55,240 (2025)[12][11][10]
Who owns the firm?
Public company
No parent company

Dots are a quick visual read of the facts next to them, not a grade. DFW numbers are our own count from county records, HUD and firms' own sites.

Years in business
54[11]
Employees
1,426[14]
Units nationally
60,535 (NMHC #30, 2026)[72]
Assets under management
$10.33 billion in total assets on the balance sheet (not third-party AUM)[32]
Property typesmultifamily apartments[11]
Specialtiescentralized leasing and operationsunstaffed self-service communitiessmart home technology[44][45][43][42]
MarketsDallas-Fort Worth · since 1996AustinWashington, DCNew YorkPortlandLos AngelesBoston[19][38][20][27][10][46]
01Overview

UDR, Inc. is a publicly traded apartment REIT headquartered in Highlands Ranch, Colorado. It was founded in 1972 as a Virginia corporation and reincorporated in Maryland in 2003. UDR owns, operates, develops and redevelops apartment communities in coastal and Sun Belt metros, including Dallas-Fort Worth.

02What sets them apart

Against the industry average.

How UDR compares with the other large DFW managers on each measure we track.

  • ▲Better than 97% of peers on rating change, last year (+0.90 vs +0.11 average)
  • ▲Better than all peers on occupancy (96.6% vs 93.4% average)
  • ▼Behind all peers on legal events, 3 years (7 vs 2 average)
other firms average this firm, by rank: top third middle bottomThis firmRank
DFW unitsneither better nor worse3,974avg 6,306#18 of 30
Class A shareneither better nor worse63%avg 51%#12 of 30
Google rating↑ higher is betterworsebetter3.7avg 3.9#21 of 30
Rating change, last year↑ higher is betterworsebetter+0.90avg +0.11#2 of 30
Occupancy↑ higher is betterworsebetter96.6%avg 93.4%#1 of 8
Legal events, 3 years↓ lower is betterbetterworse7avg 2#30 of 30
Industry awards, 3 years↑ higher is betterworsebetter3avg 3#9 of 30

Compared with the 30 largest DFW managers. Rank 1 is the best where higher or lower is better, else the largest. DFW units use a log scale.

03Portfolio

What they run. In 7 metro areas.

Size, building class, age and location of the properties we can tie to this firm. Compare with the kind of asset you own.

Properties
60+
found so farpartial
Units
3,974+
plus 47 properties with no unit count yetpartial
Building area, sq ft
4.2M
county recordspartial
Median year built
2011
county recordspartial
Different owners
12
owners across the 13 of 60 properties with a county owner recordpartial

Building class (public record class rating, 8 of 60 properties rated)partial

A · 5B · 1C · 2
Class AClass BClass CNot ratedSize = units

Units by ZIP code

750011,202 · 6 prop.
75034953 · 3 prop.
75234401 · 1 prop.
75080343 · 1 prop.
75024319 · 2 prop.
75204305 · 1 prop.
018010 · 1 prop.
018760 · 1 prop.

Units by decade built

1970s464
1990s305
2000s974
2010s2,146
2020s85

Largest properties

PropertyAddressUnitsBuiltClassCheck it
COOL SPRINGS AT FRISCO BRIDGES I APTS3198 PARKWOOD BLVD, 750346552008County recordGoogleFirm siteWebsite
THE CANAL2061 WITTINGTON PL, 752344012015ACounty recordFirm site
FIORI ON VITRUVIAN PARK3990 VITRUVIAN WAY, 750013912011ACounty recordGoogleFirm siteWebsite
VITRUVIAN PARK - PHASE 23725 VITRUVIAN WAY3662019ACounty record
SAVOYE SQUARED PH II, RESIDENTIAL BLDG B3900 VITRUVIAN WAY, 750013472011ACounty recordFirm site
LOFTS AT PALISADES2525 EMPIRE DR, 750803432016County recordGoogleFirm siteWebsite
THIRTY3773377 BLACKBURN ST, 752043051998B+County recordGoogleFirm siteWebsite
CENTRAL SQUARE AT FRISCO6235 MAIN ST, 750342982017County recordGoogleFirm siteWebsite

Our count from public property records, HUD and the firm's own site; a listing alone never counts.

UDR's DFW communities are mostly in the northern suburbs. The largest cluster is Vitruvian Park in Addison, which includes Fiori on Vitruvian Park, The Villas at Fiori, Savoye, Vitruvian West and Addison Apartments at the Park. Other DFW holdings include Legacy Village in Plano, Cool Springs at Frisco Bridges and Central Square at Frisco, The Canal in Farmers Branch, THIRTY377 in Dallas, The Flats at Palisades in Richardson and Villaggio in Mansfield. Several of these came from a 2023 purchase of Dallas and Austin area properties.

04Resident experience

How residents rate their buildings.

Resident ratings drive leasing and renewals. Look at the trend and at which problems are rising, not only the average.

Average Google rating
3.7
weighted by review count
Google reviews
4,699
across 9 properties

Properties by Google rating

4.5+0
4-4.52
3.5-42
3-3.55
under 30

Resident reviews over time

Our read of public resident feedback on 7 of its DFW properties, 2019-11 to 2026-09. Years with little feedback are left out, and earlier years rest on fewer properties. No resident comments are shown.

123452020: average rating 4.1, sentiment +0.49 (from -1 to +1)20202021: average rating 4.1, sentiment +0.61 (from -1 to +1)20212022: average rating 2.7, sentiment -0.16 (from -1 to +1)20222023: average rating 3, sentiment -0.07 (from -1 to +1)20232024: average rating 2.8, sentiment -0.09 (from -1 to +1)20242025: average rating 3.1, sentiment +0.02 (from -1 to +1)20252026: average rating 4, sentiment +0.47 (from -1 to +1)2026

━ average rating · ╌ sentiment · higher is better for both

What residents complain about lower is better

How often residents raise each problem, our assessment: before the last 12 months and in the last 12 months. Fewer is better. Shown only when enough residents raise it.

ProblemBeforeLast 12 monthsChange
Poor communication30%16%↓ 14 pts fewer
Maintenance delays18%10%↓ 8 pts fewer
Staff unresponsive16%7%↓ 9 pts fewer
Billing fees13%8%↓ 5 pts fewercould be chance
Leasing process11%5%↓ 6 pts fewer
Rude staff9%5%↓ 4 pts fewercould be chance
Security crime10%3%↓ 7 pts fewer
Broken amenities6%6%Same

Other review sites, our read

BBBMixed

About 140 complaints closed in three years, about 40 in the last year, on the United Dominion Realty Trust profile; not accredited[3][5][4]

Our assessment · Sep 2026View profile ↗
ApartmentRatingsNegative

No company page; largest DFW property, Addison Apartments at the Park, has about 85 reviews, mostly unfavourable on staff and grounds[6][7]

Our assessment · Sep 2026View profile ↗
YelpNegative

No company page; DFW property Vitruvian West has about 100 reviews with sustained low sentiment; Addison Apartments at the Park has about 120[8][9]

Our assessment · Sep 2026View profile ↗

Our assessment of each site's record, not the site's own score, which we don't reproduce. Follow the link for the profile.

Based on Glassdoor and Indeed, our assessment of employee sentiment is mixed. Benefits and coworkers draw frequent praise, while advancement and pay growth draw frequent criticism. Links to the review profiles are in the sources.

UDR was named a Top Workplaces USA company in 2024 and 2025, and a 2025 Top Workplaces industry winner in real estate. These awards are run by Energage and based on employee surveys. UDR reports associate turnover below the industry benchmark in its annual filings.

05Risk and compliance

Lawsuits, settlements and regulators.

Newest first. These are what public records and news show; allegations are reported as allegations.

≈Matched by nameA record can concern an owner, an affiliate or a similar name. We label it when the source shows that.
§Unproven until decidedA lawsuit or complaint is an allegation unless a court or regulator decided it.
↗Check the sourceEach item links to the record it comes from. Read it before relying on it.
  • 2026-07 · lawsuitA proposed class action (Keller v. UDR, Inc.) alleges UDR used RealPage software relying on nonpublic competitor data to set San Diego rents, in violation of a city ordinance effective June 2025.[30]
  • 2025-04 · fair housingThe Equal Rights Center sued UDR and the owners of The MO in DC Superior Court, alleging tenant screening policies that discriminate by source of income and criminal record.[29]
  • 2025-04 · antitrustThe Washington State Attorney General sued RealPage and nine landlords, including UDR, under the state Consumer Protection Act, alleging RealPage revenue management software inflated Washington rents. These are allegations.[48]
  • 2025-01 · antitrustThe Maryland Attorney General sued RealPage and several landlords, including UDR, alleging they shared competitively sensitive data and used RealPage software to set rents at Maryland apartment buildings. These are allegations.[49]
  • 2025 · antitrustUDR disclosed it is a defendant in the consolidated RealPage rent-pricing antitrust cases in the Middle District of Tennessee and reported no recorded liability; it does not appear on the published list of settling defendants.[13][26]
  • 2024-01 · fair housingThe DC Attorney General sued UDR as manager of Waterside Towers, alleging it failed to address race- and sex-based harassment of Black female tenants by another resident; UDR settled by paying a $50,000 penalty, compensating the two tenants and agreeing to training and policy changes.[27][28]
Show 1 earlier
  • 2023-11 · antitrustThe District of Columbia Attorney General sued RealPage and 14 landlords, including UDR, alleging they used RealPage revenue management software to coordinate and inflate rents; no UDR settlement had been reported as of August 2026.[24][25]
Our summary

UDR is a defendant in rent-pricing antitrust litigation over RealPage software. This includes a 2023 suit by the District of Columbia Attorney General, a January 2025 suit by the Maryland Attorney General, an April 2025 suit by the Washington State Attorney General, and the consolidated federal cases in Tennessee. As of our check, UDR was not among the defendants that had announced settlements in the DC or federal cases. In July 2026 a proposed class action alleged that UDR's San Diego pricing violates a city ban on algorithmic rent-setting tools. These are allegations.

In DC, UDR settled a 2024 Attorney General suit alleging it failed to stop race- and sex-based harassment of tenants at Waterside Towers. The settlement included a civil penalty and required fair housing training. A separate 2025 suit by the Equal Rights Center alleges discriminatory tenant screening at The MO. We found no Texas-specific regulatory actions, no WARN layoff notices and no reported data breaches.

06Key personnel

Key personnel.

For an owner, the regional leaders in its own metro matter most, so leaders in DFW are listed first.

Thomas W. Toomey
Thomas W. ToomeyLinkedIn
Chairman, President and Chief Executive Officer[14]
CEO · joined 2001 (25 yrs)
Before: AIMCOLincoln Property Company[18]
Michael D. Lacy
Michael D. LacyLinkedIn
Senior Vice President - Chief Operating Officer[14][15]
COO · joined 2006 (20 yrs)
Before: RedPeak Properties[58]
Matthew A. Cozad
Matthew A. CozadLinkedIn
Senior Vice President - Corporate Services and Innovation[57]
Operations · joined 2008 (18 yrs)
Before: Keiter Stephens[57]
CB
Chris BeckerLinkedIn
Area Director[68]
Regional · Monterey, CA · joined 2018 (8 yrs)
JW
Joanna WieseLinkedIn
Area Director, Southern California[69]
Regional · Southern California · joined 2018 (8 yrs)
Before: The Picerne GroupUDRThe Hanover Company[73]
SH
Scott HobbsLinkedIn
Area Director[70]
Regional · Northern Virginia (Woodbridge, VA profile location)
TL
Timothy LegelLinkedIn
Area Director[71]
Regional · Northern Virginia (Arlington, VA profile location)
HA
H. Andrew CantorLinkedIn
Senior Vice President - Acquisitions and Dispositions[62][63]
Business development · joined 2009 (17 yrs)
Before: Archstone[63]
David D. Bragg
David D. BraggLinkedIn
Senior Vice President - Chief Financial Officer[14][16]
Leadership · joined 2025 (1 yrs)
Before: Roots Management GroupGreen StreetZelman & AssociatesISI GroupMerrill Lynch[16]
Keith Benson
Keith BensonLinkedIn
Senior Vice President - Chief Legal Officer[14]
Leadership · joined 2025 (1 yrs)
Before: USD Partners LPLatham & Watkins[50]
Josh Gampp
Josh GamppLinkedIn
SVP and Chief Technology Officer[21]
Leadership · joined 2013 (13 yrs)
Before: Level 3 CommunicationsJones Cyber SolutionsSapient Consulting[51]
TT
Trent TrujilloLinkedIn
Vice President - Investor Relations[52]
Leadership · joined 2020 (6 yrs)
Before: ScotiabankUBS[60][61]
R. Scott Wesson
R. Scott WessonLinkedIn
Senior Vice President - Chief Digital Officer[57]
Leadership · joined 2011 (15 yrs)
Before: RealFoundationsAIMCOLincoln Property Company[57]

Average leadership tenure: 12 years. Highlighted past employers have their own page here. LinkedIn profiles are linked, not copied.

What employees say, our read

GlassdoorMixed

About 560 employee reviews; benefits and career growth praised, recurring complaints about senior leadership and understaffing[1]

Our assessment · Sep 2026View profile ↗
IndeedMixed

About 210 employee reviews split both ways; benefits and managers praised, office politics and small raises criticised[2]

Our assessment · Sep 2026View profile ↗
About the leadership

Tom Toomey has led UDR as CEO since 2001, has chaired the board since 2018 and took on the President title after Joe Fisher left in September 2025. Before UDR, Toomey was COO and CFO at AIMCO and a senior vice president at Lincoln Property Company. Mike Lacy became Chief Operating Officer in January 2025. He began his career as an accountant at RedPeak Properties, joined UDR in 2006, and worked in acquisitions, pricing and revenue management, and as a regional manager in Southern California before running operations as SVP from 2019. Dave Bragg became CFO in July 2025 after roles at Roots Management Group and Green Street.

Keith Benson became Chief Legal Officer in 2025 after a decade as general counsel at USD Partners and earlier years as a partner at Latham & Watkins. Josh Gampp, who joined UDR in 2013 after technology roles at Level 3 Communications, is Chief Technology Officer and oversees centralized leasing, marketing and IT. Scott Wesson joined UDR as chief information officer in 2011 and became Chief Digital Officer in 2021, leading digital transformation; earlier he held technology leadership roles at AIMCO and Lincoln Property Company. Matt Cozad, at UDR since 2008, heads corporate services and innovation, overseeing property operating expenses, bad debt, maintenance, procurement and internal audit. Trent Trujillo has been the investor relations contact on UDR's earnings releases since early 2020 and previously worked in REIT equity research at Scotiabank and UBS.

UDR has no business development team seeking outside management clients, since it only manages what it owns or co-owns. The closest counterpart for owners and brokers is its transactions group. Andrew Cantor joined UDR in 2009 from Archstone and has run acquisitions and dispositions as a senior vice president since 2012. UDR last confirmed him in that role in March 2024, and we could not confirm from a newer company source that he still holds it.

Below the executive team, UDR runs its communities through area directors who each oversee a group of properties. UDR does not publish its regional or area leaders, so the names we list come from the professionals' own public profiles rather than from the company. They include area directors in Monterey, Southern California and Northern Virginia. Joanna Wiese, the Southern California area director, first worked at UDR as a regional manager from 2010, spent a year as a vice president of operations at The Picerne Group, and returned to UDR in 2018; she began her career at The Hanover Company. We found no public source naming who leads UDR's Dallas-Fort Worth or Texas operations.

07Performance and fees

What they report, and what they charge.

Private managers rarely publish results. Figures the firm reports about itself are marked "firm claim"; ask for audited numbers before you sign.

Occupancyfirm claim
96.6%
Same-store physical occupancy
96.6% same-store weighted average physical occupancy, Q2 2026[10]
as of 2026-06-30
Rent growthfirm claim
1.8%
Same-store revenue growth
Blended lease rate growth above the top of its 1.5% to 2.0% guidance range; same-store revenue up 1.8% year over year, Q2 2026[10]
as of 2026-06-30
NOIfirm claim
1.4%
Same-store NOI growth
Same-store NOI up 1.4% year over year, Q2 2026[10]
as of 2026-06-30
Expense controlfirm claim
2.6%
Same-store quarterly expense growth
Same-store expenses up 2.6% year over year in Q2 2026 and 3.5% year to date[10]
as of 2026-06-30
Collectionsfirm claim
99%
Expected rent collections
Management expected rent collections of about 99% to 99.1% in the second half of 2026, crediting proof-of-income and ID verification at screening; same-store bad debt fell 19.4% ($3.0 million) in 2025 versus 2024[54][11]
as of 2026-07-28
Retention and renewalsfirm claim
60%
Annualized resident retention
Annualized resident retention of 60%, described as a seasonally adjusted all-time high, Q2 2026[10]
as of 2026-06-30
CapExfirm claim
$856
Recurring capex per home
Recurring capex of $856 per home and NOI-enhancing capex of $619 per home on consolidated homes in the first half of 2026; total capex excluding development of $255.1 million, or $4,622 per stabilized home, in 2025 (up from $4,458 in 2024)[53][11]
as of 2026-06-30
1 older or undated claim, not compared
  • Turn timesold (as of 2013-01-17, firm claim): About 14 days on average to turn an apartment between residents, with a stated goal of cutting at least one day (reported in 2013; no newer figure found)[55]

No current figure: Turn times. Ask the firm for these before you sign.

Fees paid by owners

Not publicly disclosed. Management fees are usually quoted in a proposal.

Fees charged to residents (4)
Application fee (resident)$85 per adult applicant[47]
Administrative fee (resident)$175 one time[47]
Technology package (resident)$70 per month[47]
Late rent fee (resident)10% of monthly rent[47]
Case studies (2)
  • Funnel CRM and AI leasing rollout. In January 2025 UDR chose Funnel's CRM, AI leasing agent, fraud prevention tools, resident app and listing syndication for its whole portfolio, replacing in-house and out-of-industry tools as the next step in its centralized operating model.[43][21]
  • SmartRent smart home deployment. UDR invested in SmartRent's 2019 funding round and planned to install the SmartRent smart home system in more than 20,000 of its apartments that year.[42]
Our notes on performance and fees

UDR reports same-store occupancy, revenue, expenses, NOI and resident retention each quarter in its SEC filings. In its mid-2026 results it described leasing as ahead of its own expectations, with lease rate growth above its guidance range, and raised its full-year guidance. Expense growth ran ahead of revenue growth over the first half of 2026.

On its earnings calls, management has said resident turnover is well below its historical level, which it credits to its customer experience work. In early 2026 it named Dallas as its strongest Sun Belt market. Management says tighter screening, including proof of income and ID verification, has lowered bad debt, and its 2025 annual report showed same-store bad debt falling from 2024.

UDR publishes recurring and NOI-enhancing capital spending per home each quarter, and total capital spending per stabilized home each year. The only public figure we found on unit turn times dates from 2013, when UDR said it aimed to shorten the time needed to ready an apartment between residents. These are the company's own figures and are shown in the data panel.

UDR does not offer fee management to outside owners, and no management fee schedule was found. At its DFW communities it publishes resident fees on each property's website, including application, administrative, technology package and late fees. Examples from Fiori on Vitruvian Park in Addison are shown in the data panel.

08Awards

Awards and recognition.

Industry rankings and awards, newest first. Many are based on surveys the firm enters or pays for, so weigh them below results and resident ratings.

2025Top Workplaces USA (USA Today and Energage)[36]
2025Top Workplaces Industry winner, Real Estate[37]
2024Top Workplaces USA, with Culture Excellence awards for Employee Appreciation and Professional Development[36]
09Technology

Software and systems.

Matters for reporting to you, integration with your systems, and how leasing and rents are set.

Property management software
RealPage OneSite[66][67]
CRM and leasing
Funnel[21]
Revenue management
RealPage revenue management (alleged in attorney general and class action suits)[24][48][49][30]
Resident portal
residents.udr.com[19]
BI and reporting
In-house analytics and customer experience dashboard[44][35]
AI and automation
AI and voice AI tour booking through Funnel[21]
API and integrations
Snowflake enterprise data platform that ingests vendor-system data through APIs, file loads and data sharing, feeding Power BI[56]
Our notes on technology

UDR runs a centralized operating model and has run some communities with no on-site staff, using self-service leasing and maintenance tools. In January 2025 it replaced its in-house and out-of-industry tools with Funnel's CRM, AI leasing agent, fraud prevention tools and resident app. According to its technology team, part of its tour booking now runs through AI and voice AI. Residents use a company portal at residents.udr.com and the UDR Resident App.

UDR invested in SmartRent in 2019 and rolled out its smart home system widely. Management describes in-house analytics and a customer experience dashboard that tracks each resident's history. A 2026 job posting describes an enterprise data platform in Snowflake that replaces on-premises databases and pulls in data from vendor systems through APIs, file loads and data sharing, feeding Power BI reports.

UDR's property system is RealPage OneSite. Its 2026 on-site job postings ask staff to record move-in documents and tasks in OneSite, and in 2011 RealPage described online lease renewals that UDR helped design as part of the OneSite resident portal. State attorney general suits and the San Diego class action allege it also uses RealPage revenue management software for pricing.

10Growth

Momentum, year by year.

Growing firms win new contracts but can stretch staff; shrinking ones may be losing clients.

Signal: stable[12][11][10]

Units the firm reported, by year[12][11]
-1%56k2024: 55,696 units reported by the firm55k2025: 55,240 units reported by the firmEVENTS2023-08 · acquisition: Bought six Dallas and Austin area properties, including Central Square at Frisco, The Flats at Palisades and Villaggio, largely paid for with operating partnership units and assumed debt.2025-01 · leadership: Promoted Mike Lacy to Chief Operating Officer and added Chief Investment Officer duties to President Joe Fisher.2025 · new service: Moved from custom-built resident app and CRM tools to Funnel's platform as part of centralizing leasing and resident communications.2025-07 · leadership: Dave Bragg joined as Chief Financial Officer.2025-09 · leadership: Joe Fisher left as President and Chief Investment Officer; CEO Tom Toomey added the President title.2026-Q2 · portfolio: Sold a Nashville community, put three communities under contract for sale, took full ownership of three Portland and Los Angeles communities from joint venture liquidations, started a Northern Virginia development and formed a joint venture on a New York community.1996-12 · acquisition: Acquired South West Property Trust, a portfolio mainly in Texas including the Dallas market, for stock.1998-03 · acquisition: Acquired ASR Investments, with apartments in Arizona, Texas, New Mexico and Washington.1998-12 · acquisition: Acquired American Apartment Communities II, with apartments mainly in California, the Pacific Northwest, the Midwest and Florida.2008-03 · disposition: Sold 86 communities, mostly in North Carolina, Texas and Ohio, to a DRA Advisors and Steven D. Bell joint venture for $1.7 billion to shift toward West Coast and Washington, DC markets.2019 · new service: Invested in SmartRent and began a large rollout of its smart home system across UDR apartments.

Hover a point or an orange event dot for details. Unit counts are what the firm reported nationally.

Recent events

  • 2026-Q2 · portfolioSold a Nashville community, put three communities under contract for sale, took full ownership of three Portland and Los Angeles communities from joint venture liquidations, started a Northern Virginia development and formed a joint venture on a New York community.[10]
  • 2025-09 · leadershipJoe Fisher left as President and Chief Investment Officer; CEO Tom Toomey added the President title.[17][14]
  • 2025-07 · leadershipDave Bragg joined as Chief Financial Officer.[16]
  • 2025-01 · leadershipPromoted Mike Lacy to Chief Operating Officer and added Chief Investment Officer duties to President Joe Fisher.[15]
  • 2025 · new serviceMoved from custom-built resident app and CRM tools to Funnel's platform as part of centralizing leasing and resident communications.[21]
  • 2023-08 · acquisitionBought six Dallas and Austin area properties, including Central Square at Frisco, The Flats at Palisades and Villaggio, largely paid for with operating partnership units and assumed debt.[20]
Show 5 earlier
  • 2019 · new serviceInvested in SmartRent and began a large rollout of its smart home system across UDR apartments.[42]
  • 2008-03 · dispositionSold 86 communities, mostly in North Carolina, Texas and Ohio, to a DRA Advisors and Steven D. Bell joint venture for $1.7 billion to shift toward West Coast and Washington, DC markets.[41]
  • 1998-12 · acquisitionAcquired American Apartment Communities II, with apartments mainly in California, the Pacific Northwest, the Midwest and Florida.[38][39]
  • 1998-03 · acquisitionAcquired ASR Investments, with apartments in Arizona, Texas, New Mexico and Washington.[38][39]
  • 1996-12 · acquisitionAcquired South West Property Trust, a portfolio mainly in Texas including the Dallas market, for stock.[38][39]

UDR grew through acquisitions in the 1990s. It entered the Dallas market in 1996 by buying South West Property Trust, a Texas-focused apartment REIT, and added ASR Investments and American Apartment Communities II in 1998. In 2008 it sold a large portfolio, mostly in North Carolina, Texas and Ohio, to move toward coastal markets.

The owned portfolio has held roughly steady in recent years, and so has headcount. UDR has been selling some communities, buying out joint venture partners in others and starting selective new developments. In Texas, its main recent expansion was the 2023 purchase of Dallas and Austin area properties. At the time, management said it planned to lift margins at those properties using its centralized platform.

11Ownership

Who owns the firm, and why it matters.

A manager that also owns buildings, or answers to a fund, can have different priorities from yours.

OwnershipPublic company[11]
Parent companyNone
Business modelMainly runs buildings it owns[11][12]
Affordable housingSome Boston-area communities include income-restricted units under Massachusetts Chapter 40B, filled from a waitlist. No LIHTC, HUD Section 8 or housing authority management work was found.[46]
Employee growthRoughly flat: about 1,410 associates at end of 2023, 1,432 at end of 2024 and 1,426 at end of 2025[33][12][11]

Not publicly disclosed: Sister companies

Ownership changes

  • 2007-03 · renamedRenamed from United Dominion Realty Trust, Inc. to UDR, Inc.[40]
  • 2003-06 · reincorporationChanged its state of incorporation from Virginia to Maryland.[11]

UDR is listed on the New York Stock Exchange and has no parent company. It was founded in 1972 as United Dominion Realty Trust, a Virginia corporation. It reincorporated in Maryland in 2003 and took the name UDR, Inc. in 2007.

UDR manages the communities it owns with its own staff, so it is an owner-operator rather than a fee manager for outside clients. It also manages communities held in joint ventures with partners such as MetLife and LaSalle, and earns management fees on those. We found no evidence that it takes third-party management assignments from unaffiliated owners.

UDR does not run an affordable housing division. Some of its Boston-area communities include income-restricted units under Massachusetts Chapter 40B, filled from a waitlist. We found no LIHTC, HUD Section 8 or housing authority management work.

12Sources

Where every fact comes from.

Each [n] above links here. Property numbers, ratings and the map come from our database; each property links to its county record, its own website and its Google page.

Show all 73 sources
  1. UDR Reviews | Glassdoor glassdoor.com · seen 2026-09-29
  2. Working at UDR: 209 Reviews | Indeed.com indeed.com · seen 2026-09-29
  3. United Dominion Realty Trust | BBB Business Profile bbb.org · seen 2026-09-29
  4. United Dominion Realty Trust | BBB Complaints bbb.org · seen 2026-09-29
  5. UDR, Inc. | BBB Business Profile bbb.org · seen 2026-09-29
  6. Addison Apartments at the Park Reviews | ApartmentRatings apartmentratings.com · seen 2026-09-29
  7. Vitruvian West Reviews | ApartmentRatings apartmentratings.com · seen 2026-09-29
  8. Vitruvian West - Addison, TX | Yelp yelp.com · seen 2026-09-29
  9. Addison Apartments at the Park - Addison, TX | Yelp yelp.com · seen 2026-09-29
  10. UDR, Inc. Announces Second Quarter 2026 Results (8-K Ex. 99.1, July 27, 2026) sec.gov · seen 2026-09-28
  11. UDR, Inc. Form 10-K for fiscal year 2025 sec.gov · seen 2026-09-28
  12. UDR, Inc. Form 10-K for fiscal year 2024 sec.gov · seen 2026-09-28
  13. UDR, Inc. Form 10-Q for quarter ended September 30, 2025 sec.gov · seen 2026-09-28
  14. UDR, Inc. 2026 Proxy Statement (DEF 14A) sec.gov · seen 2026-09-28
  15. UDR, Inc. Announces Executive Management Promotions and Leadership Transition Plans sec.gov · seen 2026-09-28
  16. UDR, Inc. Announces Appointment of Dave Bragg as Chief Financial Officer sec.gov · seen 2026-09-28
  17. UDR Announces Departure of Joe Fisher as President sec.gov · seen 2026-09-28
  18. Thomas W. Toomey biography (Nareit) reit.com · seen 2026-09-28
  19. UDR Dallas apartments udr.com · seen 2026-09-28
  20. UDR buys 6 properties in Texas for $402M (Multifamily Dive) multifamilydive.com · seen 2026-09-28
  21. Panel recap: UDR's next generation of centralization (Funnel, April 2026) funnelleasing.com · seen 2026-09-28
  22. Working at UDR (Glassdoor) glassdoor.com · seen 2026-09-28
  23. UDR, Inc. employee reviews (Indeed) indeed.com · seen 2026-09-28
  24. Attorney General Schwalb Sues RealPage & Residential Landlords for Rental Price-Fixing oag.dc.gov · seen 2026-09-28
  25. Tracking algorithmic rent-pricing lawsuits (Multifamily Dive) multifamilydive.com · seen 2026-09-28
  26. In re RealPage, Inc., Rental Software Antitrust Litigation (No. II) settlement site realpagerentalsettlement.com · seen 2026-09-28
  27. Attorney General Schwalb Holds Property Manager Accountable for Facilitating Hostile Housing Environment for Black Female Tenants oag.dc.gov · seen 2026-09-28
  28. UDR settles with tenants in racial, sexual harassment case (Multifamily Dive) multifamilydive.com · seen 2026-09-28
  29. On Behalf of Equal Rights Center, Relman Colfax Alleges UDR Tenant Screening Policies are Discriminatory relmanlaw.com · seen 2026-09-28
  30. Class Action Suit Claims UDR Violates San Diego Law by Using Algorithmic Devices to Set Rental Prices classaction.org · seen 2026-09-28
  31. Google reviews of the firm's DFW properties (our analysis) google.com · seen 2026-09-30
  32. UDR, Inc. Form 10-Q for quarter ended March 31, 2026 sec.gov · seen 2026-09-28
  33. UDR, Inc. Form 10-K for fiscal year 2023 sec.gov · seen 2026-09-28
  34. UDR Q4 2025 earnings call transcript (The Motley Fool) fool.com · seen 2026-09-28
  35. UDR Q1 2026 earnings call transcript (The Motley Fool) fool.com · seen 2026-09-28
  36. UDR Inc Named a 2025 Top Workplace by USA Today s27.q4cdn.com · seen 2026-09-28
  37. UDR Inc Named 2025 Top Workplaces Industry Winner s27.q4cdn.com · seen 2026-09-28
  38. History of United Dominion Realty Trust, Inc. (FundingUniverse) fundinguniverse.com · seen 2026-09-28
  39. UDR, Inc. (Wikipedia) en.wikipedia.org · seen 2026-09-28
  40. SEC EDGAR company record for UDR, Inc. (former names) sec.gov · seen 2026-09-28
  41. UDR Finalizes $1.7B Portfolio (Commercial Property Executive) commercialsearch.com · seen 2026-09-28
  42. SmartRent Raises $32 Million to Support Large-Scale Deployments smartrent.com · seen 2026-09-28
  43. UDR, Inc., original pioneers of multifamily centralization, partner with Funnel (PR Newswire, January 28, 2025) prnewswire.com · seen 2026-09-28
  44. Coastal markets show strength in UDR's busy Q2 (Multifamily Dive, August 2023) multifamilydive.com · seen 2026-09-28
  45. UDR plans to increase the number of properties without staffers (Multifamily Dive, February 2023) multifamilydive.com · seen 2026-09-28
  46. Boston Affordable Housing (UDR) udr.com · seen 2026-09-28
  47. Apartment Expenses, Fiori on Vitruvian Park (UDR) udr.com · seen 2026-09-28
  48. Washington attorney general sues RealPage, 9 landlords (Multifamily Dive) multifamilydive.com · seen 2026-09-28
  49. Maryland AG alleges RealPage and six landlords engaged in price-fixing, boosting rents illegally (WTOP) wtop.com · seen 2026-09-28
  50. UDR Leadership Team: Keith Benson ir.udr.com · seen 2026-09-28
  51. UDR Leadership Team: Josh Gampp ir.udr.com · seen 2026-09-28
  52. UDR Investor Relations: Executive Management ir.udr.com · seen 2026-09-28
  53. UDR, Inc. Supplemental Financial Information, Second Quarter 2026 (8-K Ex. 99.2), Attachment 12 sec.gov · seen 2026-09-28
  54. Earnings call transcript: UDR posts slight Q2 2026 miss, raises outlook (Investing.com) investing.com · seen 2026-09-28
  55. UDR Focuses on Trimming "Make-Ready" Time (Multifamily Executive, January 17, 2013) multifamilyexecutive.com · seen 2026-09-28
  56. Senior Data Platform Engineer, UDR (job posting, posted July 9, 2026) freehire.me · seen 2026-09-28
  57. UDR Leadership Team (UDR Investor Relations) ir.udr.com · seen 2026-09-28
  58. UDR, Inc. Form 8-K, January 1, 2025 (appointment of Michael D. Lacy as Chief Operating Officer) sec.gov · seen 2026-09-28
  59. UDR Announces Transition in Responsibilities of Jerry A. Davis and Executive Management Promotions (8-K Ex. 99.1, December 16, 2020) sec.gov · seen 2026-09-28
  60. Trent N. Trujillo, VP Investor Relations at UDR (The Org) theorg.com · seen 2026-09-28
  61. Trent Trujillo, Scotiabank stock analyst (TipRanks) tipranks.com · seen 2026-09-28
  62. UDR, Inc. press release on Harry Alcock retirement and investment team (8-K Ex. 99.1, March 14, 2024) sec.gov · seen 2026-09-29
  63. Andrew Cantor, Senior Vice President, UDR, Inc. (Revere CRE profile) platform.reverecre.com · seen 2026-09-29
  64. UDR Announces Fourth Quarter and Full-Year 2019 Results and 2020 Guidance (8-K Ex. 99.1, February 11, 2020), contact Trent Trujillo sec.gov · seen 2026-09-29
  65. H. Andrew Cantor (LinkedIn, seen in search results only) linkedin.com · seen 2026-09-29
  66. Resident Service Specialist, Eight 80 Apartments, UDR (job posting, Newport Beach, CA, 2026) jobright.ai · seen 2026-09-29
  67. RealPage Online Renewals Reduces Turnover by 2 Percent and Increases Asking Rents by 3 Percent at UDR (RealPage, May 2, 2011) realpage.com · seen 2026-09-29
  68. Chris Becker, CPM, Area Director at UDR (LinkedIn, seen in search results only) linkedin.com · seen 2026-09-30
  69. Joanna Wiese, Area Director at UDR (LinkedIn, seen in search results only) linkedin.com · seen 2026-09-30
  70. Scott Hobbs, Area Director at UDR (LinkedIn, seen in search results only) linkedin.com · seen 2026-09-30
  71. Timothy Legel, Area Director at UDR (LinkedIn, seen in search results only) linkedin.com · seen 2026-09-30
  72. NMHC 2026 Top 50 Managers nmhc.org · seen 2026-10-01
  73. Joanna Wiese, Area Director at UDR (The Org; work history seen in search results) theorg.com · seen 2026-10-01