COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2020

13. COMMITMENTS AND CONTINGENCIES

Commitments

Real Estate Commitments

The following summarizes the Company’s real estate commitments at September 30, 2020 (dollars in thousands):


	Number	UDR's			UDR's Remaining
	Properties	Investment (a)			Commitment
Wholly-owned — under development	4	$	197,823		$	225,677
Wholly-owned — redevelopment	2		20,825			8,425
Joint ventures:
Preferred equity investments	1		13,693	(b)		6,801	(b)
Other investments	-		21,395			21,150
Total		$	253,736		$	262,053

(a)	Represents UDR’s investment as of September 30, 2020.

(b)	Represents UDR’s investment in and remaining commitment for Thousand Oaks, which is under development as of September 30, 2020.

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 flows.