Monday, July 16, 2012

ARA Announces Sale of a 3,187-Unit, Multi-State, UDR Portfolio in 3 Markets



 Jacksonville, FL (July 16, 2012) — The Jacksonville, FL, Washington, D.C. and Dallas, TX offices of Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multi-housing industry, announces the sale of the UDR Multi-State Portfolio.

This is part of a previously announced disposition by UDR. The nine-property, 3,187-unit portfolio is spread across three separate ARA markets including Jacksonville, FL, Dallas, TX and Richmond, VA.š UDR and ARA worked together to identify key buyers across the U.S. who demonstrated the desire, capability and market knowledge to acquire these assets.

 ARA Florida-based Principals, Marc deBaptiste (top right photo) and Kevin Judd (middle left photo) along with Vice President, Matt Wilcox, ARA Dallas, TX-based Principals Brian O’Boyle and Brian Murphy together with ARA Washington DC-based Principals Drew White, Mike Marshall and Ryan Ogden represented Denver, CO-based UDR, Inc., in the transaction. UDR is a leading multifamily REIT which manages, buys, sells, develops and re-develops assets across the U.S.

 For a complete copy of the company’s news release, please contact

Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360
Amy Morris at amorris@ARAusa.com, 678.553.9366; locally,
Marti Zenor, at mzenor@ARAusa.com, 561.988.8800.

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