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COMMITMENTS AND CONTINGENCIES (Tables) | 12 Months Ended
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Dec. 31, 2019
COMMITMENTS AND CONTINGENCIES |
Summary of real estate commitments | The following summarizes the Company’s real estate commitments at December 31, 2019 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number | ​ | UDR's | ​ | UDR's Remaining | ​
​ | ​ | Properties | ​ | Investment (a) | ​ | Commitment | ​
Wholly-owned — under development |  | 3 | ​ | $ | 69,754 | ​ | $ | 208,723 |
Wholly-owned — redevelopment |  | 2 | ​ | ​ | 15,744 | ​ | ​ | 19,756 |
Joint ventures: |  |  | ​ |  |  | ​ |  |  |
Preferred equity investments |  | 2 | ​ | ​ | 73,868 | (b) | ​ | 9,121 | (c)
Other investments | ​ | - | ​ | ​ | 13,598 | ​ | ​ | 8,100 | (d)
Total |  |  | ​ | $ | 172,964 | ​ | $ | 245,700 |
(a) | Represents UDR’s investment as of December 31, 2019.
(b) | Represents UDR’s investment in 1300 Fairmount and Modera Lake Merritt, which were under development as of December 31, 2019.
(c) | Represents UDR’s remaining commitment for 1300 Fairmount and Modera Lake Merritt.
(d) | Represents UDR’s remaining commitment for other investment ventures.
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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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