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JOINT VENTURES AND PARTNERSHIPS - Summary (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
home
community
property
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
home
community
property
Sep. 30, 2021
USD ($)
Jul. 31, 2022
USD ($)
home
Jun. 30, 2022
USD ($)
home
Apr. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
home
Dec. 31, 2021
USD ($)
Unconsolidated entities                  
Number of real estate properties | community 164   164            
Investment in unconsolidated entities $ 754,123   $ 754,123           $ 696,376
Sold joint ventures and other investments   $ 416   $ 3,964          
Income/(loss) from investments $ 10,003 14,450 $ 4,186 29,123          
Preferred Equity Investment 1532 Harrison San Francisco, CA                  
Unconsolidated entities                  
Number of apartment homes | home 136   136            
Unpaid balance of defaulted loan $ 47,200   $ 47,200            
Preferred Equity Investment Meetinghouse Portland, OR                  
Unconsolidated entities                  
Number of apartment homes | home               232  
Investment in unconsolidated entities               $ 11,600  
Rate               8.25%  
Preferred Equity Investment Heirloom Portland, OR                  
Unconsolidated entities                  
Number of apartment homes | home           286      
Investment in unconsolidated entities           $ 16,200      
Rate           8.25%      
Real estate technology investments RET ESG                  
Unconsolidated entities                  
Investment in unconsolidated entities             $ 4,000    
UDR Commitment             $ 10,000    
Operating Community                  
Unconsolidated entities                  
Investment in unconsolidated entities 253,342   253,342           270,915
Income/(loss) from investments $ (1,827) (3,756) $ (6,266) (14,659)          
Operating Community | Unconsolidated Joint Venture UDR Met Life I                  
Unconsolidated entities                  
Number of real estate properties | property 1   1            
Number of apartment homes | home 150   150            
Investment in unconsolidated entities $ 21,532   $ 21,532           $ 23,880
UDR's Ownership Interest 50.00%   50.00%           50.00%
Income/(loss) from investments $ (423) (608) $ (1,556) (1,922)          
Operating Community | Unconsolidated Joint Venture UDR MetLife II                  
Unconsolidated entities                  
Number of real estate properties | property 7   7            
Number of apartment homes | home 1,250   1,250            
Investment in unconsolidated entities $ 176,191   $ 176,191           $ 181,023
UDR's Ownership Interest 50.00%   50.00%           50.00%
Income/(loss) from investments $ 295 (289) $ 811 (3,126)          
Operating Community | Unconsolidated Joint Venture Other MetLife                  
Unconsolidated entities                  
Number of real estate properties | property 5   5            
Number of apartment homes | home 1,437   1,437            
Investment in unconsolidated entities $ 55,619   $ 55,619           $ 66,012
UDR's Ownership Interest 50.60%   50.60%           50.60%
Income/(loss) from investments $ (1,699) (2,859) $ (5,521) (9,611)          
Development Community | Preferred Equity Investment 1532 Harrison San Francisco, CA                  
Unconsolidated entities                  
Investment in unconsolidated entities                 $ 35,248
Income/(loss) from investments 5,158 1,003 5,152 2,896          
Development Community | Preferred Equity Investment 1641 Lincoln Santa Monica CA                  
Unconsolidated entities                  
Investment in unconsolidated entities 14,415   14,415           13,183
UDR Commitment $ 8,800   $ 8,800            
Rate 12.00%   12.00%            
Years to Maturity     2 months 12 days            
Income/(loss) from investments $ 428 379 $ 1,232 1,093          
Development Community | Preferred Equity Investment 1200 Broadway Nashville TN                  
Unconsolidated entities                  
Investment in unconsolidated entities                 61,326
Income/(loss) from investments   1,837 11,893 4,936          
Development Community | Preferred Equity Investment 1300 Fairmount Philadelphia, PA                  
Unconsolidated entities                  
Investment in unconsolidated entities 69,013   69,013           64,780
UDR Commitment $ 51,393   $ 51,393            
Rate 8.50%   8.50%            
Years to Maturity     1 year            
Income/(loss) from investments $ 1,457 1,338 $ 4,233 3,869          
Development Community | Preferred Equity Investment Modera Lake Merritt, Oakland                  
Unconsolidated entities                  
Investment in unconsolidated entities 34,073   34,073           33,828
UDR Commitment $ 27,250   $ 27,250            
Rate 9.00%   9.00%            
Years to Maturity     1 year 7 months 6 days            
Income/(loss) from investments $ (1,283) 739 $ 246 2,144          
Development Community | Preferred Equity Investment Thousand Oaks, CA                  
Unconsolidated entities                  
Investment in unconsolidated entities 24,342   24,342           22,764
UDR Commitment $ 20,059   $ 20,059            
Rate 9.00%   9.00%            
Years to Maturity     2 years 4 months 24 days            
Income/(loss) from investments $ 544 497 $ 1,578 1,415          
Development Community | Preferred Equity Investment Queens, New York                  
Unconsolidated entities                  
Investment in unconsolidated entities 53,104   53,104           48,210
UDR Commitment $ 40,000   $ 40,000            
Rate 13.00%   13.00%            
Years to Maturity     2 years 9 months 18 days            
Income/(loss) from investments $ 1,693 1,496 $ 4,885 4,300          
Development Community | Preferred Equity Investment Herndon, Virginia                  
Unconsolidated entities                  
Investment in unconsolidated entities 33,299   33,299           22,828
UDR Commitment $ 30,208   $ 30,208            
Rate 9.00%   9.00%            
Years to Maturity     3 years 3 months 18 days            
Income/(loss) from investments $ 743 251 $ 2,105 519          
Development Community | Preferred Equity Investment Allen, Texas                  
Unconsolidated entities                  
Investment in unconsolidated entities 22,009   22,009           14,134
UDR Commitment $ 19,843   $ 19,843            
Rate 9.00%   9.00%            
Years to Maturity     3 years 6 months            
Income/(loss) from investments $ 490 234 $ 1,359 462          
Development Community | Preferred Equity Investment Infield Phase I                  
Unconsolidated entities                  
Investment in unconsolidated entities 17,201   17,201            
UDR Commitment $ 16,044   $ 16,044            
Rate 14.00%   14.00%            
Years to Maturity     1 year 7 months 6 days            
Income/(loss) from investments $ 593   $ 1,129            
Development Community | Preferred Equity Investment Upton Place, Washington, D C                  
Unconsolidated entities                  
Investment in unconsolidated entities 55,465   55,465           29,566
UDR Commitment $ 52,163   $ 52,163            
Rate 9.70%   9.70%            
Years to Maturity     5 years 2 months 12 days            
Income/(loss) from investments $ 1,316   $ 3,061            
Development Community | Preferred Equity Investment Meetinghouse Portland, OR                  
Unconsolidated entities                  
Investment in unconsolidated entities 12,007   12,007            
UDR Commitment $ 11,600   $ 11,600            
Rate 8.25%   8.25%            
Years to Maturity     4 years 4 months 24 days            
Income/(loss) from investments $ 239   $ 466            
Development Community | Preferred Equity Investment Heirloom Portland, OR                  
Unconsolidated entities                  
Investment in unconsolidated entities 16,539   16,539            
UDR Commitment $ 16,185   $ 16,185            
Rate 8.25%   8.25%            
Years to Maturity     4 years 8 months 12 days            
Income/(loss) from investments $ 332   $ 347            
Development Community | Real estate technology investments RETV I                  
Unconsolidated entities                  
Investment in unconsolidated entities 25,639   25,639           71,464
UDR Commitment 18,000   18,000            
Income/(loss) from investments (1,458) 9,869 (28,009) 17,975          
Development Community | Real estate technology investments RETV II                  
Unconsolidated entities                  
Investment in unconsolidated entities 9,607   9,607           8,130
UDR Commitment 18,000   18,000            
Income/(loss) from investments 122 147 (603) 209          
Development Community | Real estate technology investments RET Strategic Fund                  
Unconsolidated entities                  
Investment in unconsolidated entities 7,435   7,435            
UDR Commitment 25,000   25,000            
Income/(loss) from investments (37)   (115)            
Development Community | Real estate technology investments RET ESG                  
Unconsolidated entities                  
Investment in unconsolidated entities 3,959   3,959            
UDR Commitment 10,000   10,000            
Income/(loss) from investments (72)   (72)            
Development Community | Preferred Equity Investments and Real Estate Technology Investments                  
Unconsolidated entities                  
Investment in unconsolidated entities 500,781   500,781           $ 425,461
Income/(loss) from investments 11,830 $ 17,790 10,452 $ 39,818          
Development Community | Portfolio Recapitalization                  
Unconsolidated entities                  
Number of apartment homes | home         14        
Investment in unconsolidated entities 102,674   102,674   $ 102,000        
UDR Commitment $ 102,000   $ 102,000            
Rate 8.00%   8.00%   8.00%        
Years to Maturity     6 years 8 months 12 days            
Income/(loss) from investments $ 1,565   $ 1,565