DENVER--(BUSINESS WIRE)-- UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the second quarter of 2011 in the amount of $0.20 per share, payable in cash, on August 1, 2011 to UDR common stock shareholders of record as of July 11, 2011. The August 1^st dividend will be the 155^th consecutive quarterly dividend paid by the Company on its common stock.

UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E Preferred Stock for the second quarter of 2011 in the amount of $0.3322 per share. The preferred dividend is payable on August 1, 2011 to Series E preferred stock shareholders of record as of July 11, 2011.

Additionally, UDR announced that its Board of Directors declared a regular quarterly dividend on its Series G Preferred Stock for the period of April 30, 2011 to, but not including, July 29, 2011 in the amount of $0.421875 per share. The preferred dividend is payable on August 1, 2011 to Series G preferred stock shareholders of record as of July 11, 2011.

About UDR, Inc.

UDR, Inc. (NYSE:UDR), an S&P 400 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. As of March 31, 2011, UDR owned or had an ownership position in 59,614 apartment homes including 1,170 homes under development. For over 38 years, UDR has delivered long-term value to shareholders, the best standard of service to residents, and the highest quality experience for associates. Additional information can be found on the Company's website at www.udr.com.

Source: UDR

UDR, Inc.

H. Andrew Cantor, 720-283-6083

acantor@udr.com