UDR, Inc. (UDR) is a self-administered real estate investment trust (REIT), which owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities located throughout the United States. UDR holds interests in other operating partnerships, subsidiaries and joint ventures, owns and operates properties, issues securities from time to time and guarantees debt of certain of its subsidiaries. UDR owned approximately 94.9% of the limited partnership interests of the Operating Partnership. Its consolidated apartment portfolio included 141 communities located in 21 markets, with a total of 41,250 completed apartment homes. The Company operates in two segments: Same-Store Communities, which include those communities acquired, developed, and stabilized prior to January 1, 2012, and held as of December 31, 2013 and Non-Mature Communities/Other, which include those communities that were acquired or developed in 2011, 2012 or 2013.