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UDR issues $300M of series A notes

UDR Inc. issued $300.0 million of its 3.500% series A medium-term notes due 2028.

The company said earlier that it aims to apply part of the net proceeds toward redeeming $300 million of its outstanding 4.25% senior notes due June 1, 2018.

The 2028 notes are fully and unconditionally guaranteed by United Dominion Realty LP.