<SEC-DOCUMENT>0000950123-11-044062.txt : 20110504
<SEC-HEADER>0000950123-11-044062.hdr.sgml : 20110504
<ACCEPTANCE-DATETIME>20110503190346
ACCESSION NUMBER:		0000950123-11-044062
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20110504
DATE AS OF CHANGE:		20110503

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:		11807740

	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>d81788b5e424b5.htm
<DESCRIPTION>424B5
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    <B><FONT style="font-family: 'Times New Roman', Times">Filed
    pursuant to Rule&#160;424(b)(5)<BR>
    Registration
    <FONT style="white-space: nowrap">No.&#160;333-156002</FONT></FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">PROSPECTUS
    SUPPLEMENT<BR>
    (To Prospectus Dated December&#160;8, 2008 and<BR>
    Prospectus Supplement Dated September&#160;15, 2009)</FONT></B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 24pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">UDR,
    INC.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 16pt; font-family: Arial, Helvetica; color: #000000; background: transparent">

    <B><FONT style="font-family: 'Times New Roman', Times">Common
    Stock</FONT></B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    Pursuant to the ATM Equity
    Offering<SUP style="font-size: 85%; vertical-align: top">SM*</SUP>

    sales agreement dated September&#160;15, 2009, entered into
    between us and Merrill Lynch, Pierce, Fenner&#160;&#038; Smith
    Incorporated and Morgan Stanley&#160;&#038; Co. Incorporated, or
    the Agents, which was filed as an exhibit to our Current Report
    on
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    filed with the Securities and Exchange Commission on
    September&#160;15, 2009 and is incorporated herein by reference,
    we sold 4,395,601&#160;shares of our common stock, par value
    $0.01 per share, through the Agents, acting as sales agents or
    principals, between November&#160;9, 2010 and April&#160;4, 2011.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    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
    May&#160;3, 2011 was $25.73 per share.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    This prospectus supplement should be read in conjunction with,
    and may not be delivered or utilized without, the prospectus
    dated December&#160;8, 2008, the prospectus supplement dated
    September&#160;15, 2009, the prospectus supplement dated
    October&#160;20, 2009, the prospectus supplement dated
    February&#160;10, 2010, the prospectus supplement dated
    May&#160;4, 2010, the prospectus supplement dated August&#160;3,
    2010 and the prospectus supplement dated November&#160;9, 2010.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <B>Investing in our common stock involves risks. See &#147;Risk
    Factors&#148; beginning on
    <FONT style="white-space: nowrap">page&#160;S-3</FONT>
    of the accompanying prospectus supplement dated
    September&#160;15, 2009 and on page&#160;1 of the accompanying
    prospectus dated December&#160;8, 2008, and the risks set forth
    under the caption &#147;Item&#160;1A.&#160;Risk Factors&#148;
    included in our most recent Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    and Quarterly Reports on
    <FONT style="white-space: nowrap">Form&#160;10-Q.</FONT></B>
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    <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 style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

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    <TD width="50%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <B><FONT style="font-family: 'Times New Roman', Times">BofA
    Merrill Lynch</FONT></B></TD>
    <TD nowrap align="right">    <B><FONT style="font-family: 'Times New Roman', Times"> Morgan
    Stanley</FONT></B></TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: transparent">
    The date of this prospectus supplement is May&#160;3, 2011.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
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    <SUP style="font-size: 85%; vertical-align: top">*</SUP>&#160;ATM

    Equity Offering is a service mark of Merrill Lynch&#160;&#038;
    Co., Inc.
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