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COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2021

COMMITMENTS AND CONTINGENCIES

Summary of real estate commitments

The following summarizes the Company’s real estate commitments at June 30, 2021 (dollars in thousands):

​	​	​	​	​	​	​	​	​	​
​	​	Number	​	UDR's		​	UDR's Remaining		​
​	​	Properties	​	Investment (a)		​	Commitment		​
Wholly-owned — under development		5	​	$	286,925	​	$	214,575
Joint ventures:			​			​
Preferred equity investments		3	​	​	11,355	(b)	​	55,304	(b)
Real estate technology investments:	​	​	​	​	​	​	​	​	​
RETV I	​	-	​	​	28,696	​	​	5,220	​
RETV II	​	-	​	​	3,471	​	​	14,400	​
Total			​	$	330,447	​	$	289,499

(a) Represents UDR’s investment as of June 30, 2021.

(b) Represents UDR’s investment in and remaining commitment for Makers Rise, 121 at Watters and Infield Phase I, which are under development as of June 30, 2021.

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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.

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