UDR Buys Luxury Multifamily for $115M

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Last updated: April 28, 2008 08:16pm

UDR Buys Luxury Multifamily for $115M

By Brian K. Miller

SAN FRANCISCO-The $596,000 per-unit acquisition of the year-old Edgewater Luxury Apartments, its first since selling a $1.7-billion portfolio sale in March, translates to a cap rate in mid-4% range.

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