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Commitments and Contingencies
 6 Months Ended
Jun. 30, 2013
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES
Commitments
Real Estate Under Development
The following summarizes the Company’s real estate commitments at June 30, 2013 (dollars in thousands):
 
Number of
Properties
 
Costs Incurred
to Date
 
Expected Costs
to Complete (a)
 
 Average Ownership
Stake
Wholly owned — under development
6

 
$
433,707

 
$
348,743

 
100
%
Wholly owned — redevelopment
2

 
95,818

 
39,482

 
100
%
Joint ventures:
 
 
 
 
 
 
 
Unconsolidated joint ventures
3

 
196,531

 
3,678

 
76
%
 
 
 
$
726,056

 
$
391,903

 
 

(a) Represents UDR's remaining equity commitment of unconsolidated joint ventures.
Contingencies
Litigation and Legal Matters
The Company is subject to various legal proceedings and claims arising in the ordinary course of business. The Company cannot determine the ultimate liability with respect to such legal proceedings and claims at this time. The Company believes that such liability, to the extent not provided for through insurance or otherwise, will not have a material adverse effect on our financial condition, results of operations or cash flow.