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Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments [Table Text Block]

The following table summarizes the Company’s investment in and advances to unconsolidated joint ventures, net which are accounted for under the equity method of accounting as of March 31, 2013 and December 31, 2012 (dollar amounts in thousands):

Joint Venture		Location of Properties		Number of Properties		Number of Apartment Homes			Investment at								UDR’s Ownership Interest
									March 31, 2013				December 31, 2012
Operating:
UDR/MetLife I		Various		14 communities		2,547			$	75,959			$	75,129			13.3	%
				8 land parcels		N/A											4.3	%
UDR/MetLife II		Various		13 communities		2,752			311,005				327,001				50.0	%
Lodge at Stoughton		Stoughton, MA		1 community		240			16,162				16,311				95.0	%
KFH		Washington D.C.		3 communities		660			28,598				29,663				30.0	%
Texas JV		Texas		8 communities		3,359			2,608				3,457				20.0	%
Development:
13th & Market		San Diego, CA		1 community		264			30,514				29,930				95.0	%
Domain College Park		College Park, MD		1 community		256			25,930				25,546				95.0	%
									490,776				507,037
Deferred fees and gains on the sale of depreciable property									(29,379		)		(29,406		)
Total investment in and advances to unconsolidated joint ventures, net									$	461,397			$	477,631

Financial information relating to unconsolidated joint ventures operations

Combined summary financial information relating to all of the unconsolidated joint ventures operations (not just our proportionate share), is presented below for the three months ended March 31, 2013 and 2012 (dollars in thousands):

	Three Months Ended March 31,
	2013				2012
Revenues	$	61,080			$	63,025
Real estate depreciation and amortization	21,778				25,885
Net loss	3,837				8,621
UDR recorded loss from unconsolidated entities	2,802				2,691

Combined summary of balance sheets relating to unconsolidated joint ventures

Combined summary balance sheets relating to all of the unconsolidated joint ventures (not just our proportionate share) are presented below as of March 31, 2013 and December 31, 2012 (dollars in thousands):

	March 31, 2013				December 31, 2012
Real estate, net	$	3,181,823			$	3,189,814
Total assets	3,248,847				3,266,518
Amount due to UDR	30,310				34,843
Third party debt	1,676,444				1,663,427
Total liabilities	1,740,604				1,747,855
Total equity, inclusive of noncontrolling interest	1,508,243				1,518,663
Equity held by noncontrolling interest	12,490				12,755
UDR’s investment in unconsolidated joint ventures, net	461,397				477,631

X

- Definition

Combined summary of balance sheets relating to unconsolidated joint ventures.

+ References

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Summarized income statement relating to unconsolidated joint ventures.

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- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 323

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 18

-Paragraph 20

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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