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UDR Inc.- (UDR)-operates as a self-administered equity real estate investment trust (REIT). It owns, acquires, renovates, develops, and manages middle-market apartment communities. The company targets young professionals, blue-collar families, single parent households, older singles, immigrants, and non related parties. As of June 30, 2005, the company's portfolio included 263 communities with 77,289 apartment homes nationwide. As a REIT, capital gains are accounted for differently, so please consult with a tax advisor.
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