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Commitments and Contingencies | 6 Months Ended
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Jun. 30, 2012
Commitments and Contingencies Disclosure [Abstract] |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES Commitments Real Estate Under Development The following summarizes the Company’s real estate commitments at June 30, 2012 (dollars in thousands):
| Number of Properties |  | Costs Incurred to Date |  | Expected Costs to Complete (a) |  | Average Ownership Stake
Wholly owned — under development | 5 |  |  | $ | 282,006 |  |  | $ | 319,094 |  |  | 100 | %
Joint ventures: |  |  |  |  |  |  |
Consolidated joint ventures | 1 |  |  | $ | 13,857 |  |  | $ | 32,143 |  |  | 90 | %
Unconsolidated joint ventures (b) | 2 |  |  | 36,874 |  |  | 16,843 |  |  | 95 | %
|  |  | $ | 332,737 |  |  | $ | 368,080 |  |  |
(a) Represents UDR's remaining equity commitment of unconsolidated joint ventures. (b) Excludes land related to San Francisco and Boston development joint ventures. See Note 5, Joint Ventures. Contingencies Litigation and Legal Matters The Company is subject to various legal proceedings and claims arising in the ordinary course of business. The Company cannot determine the ultimate liability with respect to such legal proceedings and claims at this time. The Company believes that such liability, to the extent not provided for through insurance or otherwise, will not have a material adverse effect on our financial condition, results of operations or cash flow.

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