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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950123-10-102932.txt : 20101109
<SEC-HEADER>0000950123-10-102932.hdr.sgml : 20101109
<ACCEPTANCE-DATETIME>20101109092342
ACCESSION NUMBER:		0000950123-10-102932
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20101109
DATE AS OF CHANGE:		20101109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UDR, Inc.
		CENTRAL INDEX KEY:			0000074208
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				540857512
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-156002
		FILM NUMBER:		101174554

	BUSINESS ADDRESS:	
		STREET 1:		1745 SHEA CENTER DRIVE
		STREET 2:		SUITE 200
		CITY:			HIGHLANDS RANCH
		STATE:			CO
		ZIP:			80129
		BUSINESS PHONE:		720-283-6120

	MAIL ADDRESS:	
		STREET 1:		1745 SHEA CENTER DRIVE
		STREET 2:		SUITE 200
		CITY:			HIGHLANDS RANCH
		STATE:			CO
		ZIP:			80129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED DOMINION REALTY TRUST INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OLD DOMINION REAL ESTATE INVESTMENT TRUST
		DATE OF NAME CHANGE:	19850110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OLD DOMINION REIT ONE
		DATE OF NAME CHANGE:	19770921
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>d77571e424b5.htm
<DESCRIPTION>424B5
<TEXT>
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<TITLE>e424b5</TITLE>
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<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><B>PROSPECTUS SUPPLEMENT</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Filed pursuant to Rule&nbsp;424(b)(5)</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><B>(To Prospectus Dated December&nbsp;8, 2008 and</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Registration No.&nbsp;333-156002</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><B>Prospectus Supplement Dated September&nbsp;15, 2009)</B></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
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</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>239,014 Shares</B>
</DIV>


<DIV align="Center" style="font-size: 18pt; margin-top: 6pt"><B>UDR, INC.</B>
</DIV>

<DIV align="Center" style="font-size: 12pt; margin-top: 6pt"><B>Common Stock</B>
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the ATM Equity Offering<SUP style="FONT-size: 85%; vertical-align: text-top">SM<FONT style="font-family: Symbol">&#042;</FONT> </SUP>sales agreement dated September
15, 2009, entered into between us and Merrill Lynch, Pierce, Fenner &#038; Smith Incorporated and Morgan
Stanley &#038; Co. Incorporated, or &#147;MS,&#148; which was filed as an exhibit to our Current Report on Form
8-K filed with the Securities and Exchange Commission on September&nbsp;15, 2009 and is incorporated
herein by reference, we sold 239,014 shares of our common stock, par value $0.01 per share, through
MS, acting as our agent, in ordinary brokers&#146; transactions between August&nbsp;3, 2010 and November&nbsp;8,
2010, at an average sales price of $21.4681 per share, for aggregate gross proceeds of
approximately $5,131,170. Our aggregate net proceeds from such sales were approximately
$5,028,549, after deducting related expenses, including commissions to MS of approximately
$102,489, and SEC fees of $132.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock is listed and trades on the New York Stock Exchange, or NYSE, under the
symbol &#147;UDR.&#148; The last reported sale price of our common stock on the NYSE on November&nbsp;8, 2010 was
$23.67 per share.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus supplement should be read in conjunction with, and may not be delivered or
utilized without, the prospectus dated December&nbsp;8, 2008, the prospectus supplement dated September
15, 2009, the prospectus supplement dated October&nbsp;20, 2009, the prospectus supplement dated
February&nbsp;10, 2010, the prospectus supplement dated May&nbsp;4, 2010 and the prospectus supplement dated
August&nbsp;3, 2010.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Investing in our common stock involves risks. See &#147;Risk Factors&#148; beginning on page S-3 of the
accompanying prospectus supplement dated September&nbsp;15, 2009 and on page 1 of the accompanying
prospectus dated December&nbsp;8, 2008, and the risks set forth under the caption &#147;Item&nbsp;1A. Risk
Factors&#148; included in our most recent Annual Report on </B><B>Form 10-K</B><B> and Quarterly Reports on </B><B>Form 10-Q</B><B>.</B>
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or determined if this prospectus supplement or the
accompanying prospectus or prospectus supplement is truthful or complete. Any representation to
the contrary is a criminal offense.</B>
</DIV>
<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><B>BofA Merrill Lynch</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><B>Morgan Stanley</B></TD>
</TR>
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</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The date of this prospectus supplement is November&nbsp;9, 2010.
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
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    <TD width="96%"></TD>
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<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">*</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>ATM Equity Offering is a service mark of Merrill Lynch &#038; Co., Inc.</TD>
</TR>

</TABLE>


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<DIV style="font-family: 'Times New Roman',Times,serif">






<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ADDITIONAL FEDERAL INCOME TAX CONSIDERATIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This section supplements the discussion under the caption &#147;Federal Income Tax
Considerations&#148; in the prospectus dated December&nbsp;8, 2008, and under the caption &#147;Additional Federal
Income Tax Considerations&#148; in the prospectus supplement dated September&nbsp;15, 2009, to which this
prospectus supplement relates.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Hiring Incentives to Restore Employment Act of 2010. </I>On March&nbsp;18, 2010, the President signed
into law the Hiring Incentives to Restore Employment Act of 2010, or the &#147;HIRE Act.&#148; The HIRE Act
imposes a U.S. withholding tax at a 30% rate on certain types of payments made to &#147;foreign
financial institutions&#148; and certain other non-U.S. holders if certain disclosure requirements
related to U.S. accounts or ownership are not satisfied. If payment of withholding taxes is
required, non-U.S. holders that are otherwise eligible for an exemption from, or reduction of, U.S.
withholding taxes with respect to such distributions and proceeds will be required to seek a refund
from the IRS to obtain the benefit of such exemption or reduction. These provisions of the HIRE
Act generally are effective for payments made after December&nbsp;31, 2012. Prospective stockholders
should consult their own tax advisers regarding the effect, if any, of the HIRE Act on their
ownership and disposition of our shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Health Care and Reconciliation Act of 2010. </I>On March&nbsp;30, 2010, the President signed into law
the Health Care and Education Reconciliation Act of 2010, or the &#147;Reconciliation Act.&#148; The
Reconciliation Act will require certain U.S. stockholders who are individuals, estates or trusts
and whose income exceeds certain thresholds to pay an additional 3.8% Medicare tax. This tax will
apply for taxable years beginning after December&nbsp;31, 2012. The Medicare tax will apply to, among
other things, interest, dividends and other income derived from certain trades or business and net
gains from the sale or other disposition of stock, subject to certain exceptions. Prospective
stockholders should consult their tax advisors regarding the effect, if any, of the Reconciliation
Act on their ownership and disposition of our shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Possible Sunset of Reduced Tax Rate Provisions</I>. Because they were adopted
with sunset provisions, unless Congress passes additional legislation, several of the U.S. federal
income tax rates described in the accompanying prospectus dated December&nbsp;8, 2008 under the caption
&#147;Federal Income Tax Considerations,&#148; including, in the case of individuals, the 15% maximum tax
rate for long-term capital gains and qualified dividend income, will revert to prior, higher, rates
for taxable years beginning after December&nbsp;31, 2010. For such years, the capital gains tax rate is
scheduled to increase to 20%, the rate applicable to dividends is scheduled to increase to the tax
rate then applicable to ordinary income and the backup withholding rate is scheduled to increase to
31%.
</DIV>


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