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Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]  
Real estate commitments
The following summarizes the Company’s real estate commitments at September 30, 2014 (dollars in thousands):
 
Number of
Properties
 
Costs Incurred
to Date (a)
 
Expected Costs
to Complete
 
 Average Ownership
Stake
Wholly-owned — under development
3
 
$
321,607

(b)
$
78,793

 
100
%
Wholly-owned — redevelopment
1
 
80,619

(b)
17,381

 
100
%
Joint ventures:
 
 
 
 
 
 
 
Unconsolidated joint ventures
2
 
158,986

 
143,981

(c)
51
%
Participating loan investments
1
 
43,822

(d)
48,187

(e)
0
%
 
 
 
$
605,034

 
$
288,342

 
 

(a)
Represents 100% of project costs incurred to date.
(b)
Costs incurred to date include $26.8 million and $2.1 million of accrued fixed assets for development and redevelopment, respectively.
(c)
Represents UDR’s contributed and remaining equity commitment in unconsolidated joint ventures.
(d)
Represents the participating loan balance funded as of September 30, 2014.
(e)
Represents UDR’s remaining participating loan commitment for Steele Creek.