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COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended
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Sep. 30, 2022
COMMITMENTS AND CONTINGENCIES |
Summary of real estate commitments | The following summarizes the Company’s real estate commitments at September 30, 2022 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number | ​ | UDR's | ​ | UDR's Remaining | ​
​ | ​ | Properties | ​ | Investment (a) | ​ | Commitment | ​
Wholly-owned — under development |  | 5 | ​ | $ | 368,465 | ​ | $ | 163,035 |
Unconsolidated joint ventures and partnerships: |  |  | ​ |  |  | ​ |  |  |
Real estate technology investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
RETV I (b) | ​ | - | ​ | ​ | 25,639 | ​ | ​ | 4,320 | ​
RETV II | ​ | - | ​ | ​ | 9,607 | ​ | ​ | 8,100 | ​
RET Strategic Fund | ​ | - | ​ | ​ | 7,435 | ​ | ​ | 17,500 | ​
Climate Technology Funds (c) | ​ | - | ​ | ​ | 5,262 | ​ | ​ | 4,656 | ​
RET ESG Fund (d) | ​ | - | ​ | ​ | 3,959 | ​ | ​ | 6,000 | ​
Total |  |  | ​ | $ | 420,367 | ​ | $ | 203,611 |
(a) | Represents UDR’s investment as of September 30, 2022.
(b) | Includes the impact of unrealized losses for the nine months ended September 30, 2022, which primarily relate to a decrease in SmartRent's public share price. (See Note 5, Joint Ventures and Partnerships).
(c) | In March 2022, the Company committed to invest $10.0 million in climate technology funds and funded $5.3 million. As of September 30, 2022, the investment is recorded in Other Assets on the Consolidated Balance Sheets.
(d) | In April 2022, the Company committed to invest $10.0 million in an ESG technology fund and funded $4.0 million. As of September 30, 2022, the investment is recorded in Investment in and advances to unconsolidated joint ventures, net on the Consolidated Balance Sheets.

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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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