UDR prices $300M 5.125% senior notes due 2034 at yield 5.257%

UDR, Inc.

$300M aggregate principal, 5.125% coupon, priced at 98.977% to yield 5.257%.
Effective interest rate 5.08% after prior interest rate hedges, excluding costs.
Notes mature Sept 1, 2034; settlement expected Aug 15, 2024.
Net proceeds to repay commercial paper and for general corporate purposes.
Fully and unconditionally guaranteed by United Dominion Realty, L.P.

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