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DENVER-Locally-based UDR Inc., a multifamily REIT, will acquire five operating communities as well as one pre-sale venture for $455.1 million. The deal helps the company create a strategic foothold in the Boston market according to a prepared statement, since three of the communities containing 586 homes are located there.

The communities include: 1818 Platinum Triangle in Anaheim, CA for $70 million; Marina Pointe in Marina del Rey, CA for $157.5 million; Garrison Square in Boston for $98 million; Ridge at Blue Hills in Braintree, MA for $40 million; Domain Brewers Hill in Baltimore; and the pre-sale venture is Lodge at Stoughton in Stoughton, MA for $43.1 million.

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