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UDR completes common stock, debt offerings

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UDR completes common stock, debt offerings

UDR Inc. closed its public offering of 7.5 million common shares for $46.65 per common share.

Separately, the multifamily real estate investment trust issued $400.0 million of its 3.000% series A medium-term notes due 2031.

The REIT said earlier that it will use net proceeds from the offerings for acquisitions, debt repayment, working capital and other general corporate purposes.