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Commitments and Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract] |
Real estate commitments | The following summarizes the Company’s real estate commitments at June 30, 2015 (dollars in thousands):
| Number of Properties |  | Costs Incurred as of June 30, 2015 (a) |  | Expected Costs to Complete |  | Average Ownership Stake
Wholly-owned — under development | 1 |  | $ | 92,645 |  | (b) | $ | 249,355 |  |  | 100 | %
Wholly-owned — redevelopment | 1 |  | 4,854 |  | (b) | 10,146 |  |  | 100 | %
Joint ventures: |  |  |  |  |  |  |
Unconsolidated joint ventures | 4 |  | 335,539 |  |  | 163,791 |  | (c) | Various |
Participating loan investments | 1 |  | 85,208 |  | (d) | 6,801 |  | (e) | 0 | %
Preferred equity investments | 5 |  | 129,592 |  | (f) | 6,735 |  | (g) | 48 | %
|  |  | $ | 647,838 |  |  | $ | 436,828 |  |  |
(a) | Represents 100% of project costs incurred as of June 30, 2015.
(b) | Costs incurred to date include $114,000 and $1.3 million of accrued fixed assets for development and redevelopment, respectively.
(c) | Represents UDR’s proportionate share of expected remaining costs to complete.
(d) | Represents the participating loan balance funded as of June 30, 2015.
(e) | Represents UDR’s remaining participating loan commitment for Steele Creek.
(f) | Represents UDR's share of capital contributed to the West Coast Development Joint Venture as of June 30, 2015.
(g) | Represents UDR's remaining funding commitment on Katella Grand II.

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- Definition Tabular disclosure of key provisions of an arrangement under which the entity has agreed to purchase goods or services over a period of time greater than one year or the normal operating cycle, if longer, including the item for which expenditures will be made, minimum quantities, milestones, time period and committed amount. + References No definition available. + Details
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