Deals·October 21, 2026 at 9:30 AM EDT·2 sources
UDR, Apollo form $2B joint venture
UDR -0.9%
UDR · last 30 trading days+4.2% since the news
News
acquisition, log scale$2.0B
$100M$1B$10B$100B
What happened
- UDR and Apollo formed a $2 billion joint venture involving 19 properties.
- Apollo will invest $1.34 billion to acquire an approximate two-thirds interest.
- The properties have a roughly 6% cap rate and average 39 years of age.
Joint venture value
$2 billion
Apollo capital investment
$1.34 billion
Properties
19
Cap rate
roughly 6%
Why it matters
The transaction gives Apollo an ownership position in a sizable multifamily portfolio and provides UDR with a joint-venture capital partner. It is relevant to real-estate M&A and sponsor activity.
Deal terms
acquisition
Apollo → 19 properties
Value
$2.0B
Investors
Apollo
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Timeline
- EarlierOct 21UDR, Inc.: Results of operations
- First reported by Multifamily DiveOct 21UDR, Apollo form $2B joint venture
- Commercial Observer reportsOct 21Apollo, UDR Partner on $2B Multifamily Joint Venture
Who is involved
acquiringUDR, Apollo form $2B joint venture19 propertiestargetApollobuyerUDRUDR
CompanyThe deal
Sources (2)
- Multifamily DiveOct 21UDR, Apollo form $2B joint venture
- Commercial ObserverOct 21Apollo, UDR Partner on $2B Multifamily Joint Venture
Related
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