UDR and LaSalle Expand Joint Venture with $230 Million Apartment Acquisition

Reuters12-19 05:15

UDR and LaSalle Expand Joint Venture with $230 Million Apartment Acquisition

LaSalle Investment Management has expanded its joint venture with UDR, Inc., a leading multifamily real estate investment trust, through a $230 million transaction. The expansion increases the venture’s total size to approximately $850 million and adds four apartment communities with 974 homes in Portland, Orlando, and Richmond. With this deal, LaSalle holds a 49 percent ownership stake in the new assets, while UDR retains 51 percent. Both companies plan to continue exploring growth opportunities for the joint venture in 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UDR Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL51204) on December 18, 2025, and is solely responsible for the information contained therein.

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