Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments [Table Text Block]

The following table summarizes the Company’s investment in and advances to unconsolidated joint ventures and partnerships, net which are accounted for under the equity method of accounting as of June 30, 2013 and December 31, 2012(dollar amounts in thousands):

Joint Venture	Location of Properties	Number of Properties	Number of Apartment Homes	Investment at						UDR’s Ownership Interest
				June 30, 2013			December 31, 2012
UDR/MetLife I (a)	Various	8 operating communities	1,641	$	52,455		$	75,129		13.2	%
		8 land parcels	N/A							4.3	%
UDR/MetLife II (a)	Various	15 operating communities	3,119	323,401			327,001			50.0	%
UDR/MetLife Vitruvian Park® (b)	Addison, TX	2 operating communities	739	80,162			—			50.0	%
		1 development community	391
		6 land parcels	N/A
Lodge at Stoughton	Stoughton, MA	1 operating community	240	16,020			16,311			95.0	%
KFH	Washington D.C.	3 operating communities	660	27,739			29,663			30.0	%
Texas JV	Texas	8 operating communities	3,359	1,999			3,457			20.0	%
13th & Market	San Diego, CA	1 development community	264	30,920			29,930			95.0	%
Domain College Park	College Park, MD	1 development community	256	26,108			25,546			95.0	%
				558,804			507,037
Deferred fees and gains on the sale of depreciable property				(25,469		)	(29,406		)
Total investment in and advances to unconsolidated joint ventures, net				$	533,335		$	477,631

Financial information relating to unconsolidated joint ventures operations

Combined summary financial information relating to all of the unconsolidated joint ventures and partnerships operations (not just our proportionate share), is presented below for the three months and six months ended June 30, 2013 and 2012 (dollars in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013			2012
Revenues	$	62,607	$	74,725		$	123,687		$	137,750
Real estate depreciation and amortization	21,336		26,489			43,114			52,374
Net (income)/loss	23,642		3,544			27,479			(5,077		)
UDR income/(loss) from unconsolidated entities	515		(2,412		)	(2,287		)	(5,103		)

Combined summary of balance sheets relating to unconsolidated joint ventures

Combined summary balance sheets relating to all of the unconsolidated joint ventures and partnerships (not just our proportionate share) are presented below as of June 30, 2013 and December 31, 2012 (dollars in thousands):

	June 30, 2013		December 31, 2012
Real estate, net	$	3,235,228	$	3,189,814
Total assets	3,303,195		3,266,518
Amount due to UDR	32,731		34,843
Third party debt	1,773,283		1,663,427
Total liabilities	1,846,961		1,747,855
Total equity	1,456,234		1,518,663
Equity held by noncontrolling interest	—		12,755
UDR’s investment in unconsolidated joint ventures, net	533,335		477,631