Schedule III Real Estate Owned

12 Months Ended

Dec. 31, 2010

Real Estate Owned [Abstract]

REAL ESTATE OWNED

UDR, INC.
SCHEDULE III — REAL ESTATE OWNED
FOR THE YEAR ENDED DECEMBER 31, 2010
(In thousands)

									Cost of
									Improvements		Gross Amount at Which
			Initial Costs				Total		Capitalized		Carried at Close of Period
			Land and		Buildings		Initial		Subsequent		Land and		Buildings &		Total
			Land		and		Acquisition		to Acquisition		Land		Buildings		Carrying		Accumulated		Date of		Date
	Encumbrances		Improvements		Improvements		Costs		Costs		Improvements		Improvements		Value		Depreciation		Construction (a)		Acquired
WESTERN REGION
Harbor at Mesa Verde	$	47,091		20,477		28,538		49,015	$	10,872	$	20,716	$	39,171	$	59,887	$	18,028		2003	Jun-03
Pine Brook Village		18,270		2,582		25,504		28,086		4,480		3,841		28,725		32,566		12,393		1979	Jun-03
Pacific Shores		19,145		7,345		22,624		29,969		7,200		7,477		29,692		37,169		13,220		2003	Jun-03
Huntington Vista		31,274		8,055		22,486		30,541		5,863		8,238		28,166		36,404		12,670		1970	Jun-03
Missions at Back Bay		11,326		229		14,129		14,358		1,648		10,727		5,279		16,006		2,523		1969	Dec-03
Huntington Villas		55,752		61,535		18,017		79,552		4,624		61,819		22,357		84,176		9,274		1972	Sep-04
Vista Del Rey		12,659		10,670		7,080		17,750		1,465		10,776		8,439		19,215		3,514		1969	Sep-04
Foxborough		—		12,071		6,187		18,258		2,003		12,139		8,122		20,261		3,035		1969	Sep-04
Coronado at Newport — North		49,766		62,516		46,082		108,598		14,632		63,244		59,986		123,230		24,367		2000	Oct-04
Villa Venetia		—		70,825		24,179		95,004		4,769		70,938		28,835		99,773		11,484		1972	Oct-04
The Arboretum (c)		—		29,563		14,283		43,846		4,843		29,685		19,004		48,689		7,843		1970	Oct-04
Coronado South		103,525		58,785		50,067		108,852		11,106		59,002		60,956		119,958		23,819		2000	Mar-05
Pine Brook Village II		—		25,922		60,961		86,883		1,141		25,924		62,100		88,024		9,498		1975	May-08
1818 Platinum Triangle		—		16,663		51,905		68,568		26		16,663		51,931		68,594		1,161		2009	Aug-10
ORANGE COUNTY, CA		348,808		387,238		392,042		779,280		74,672		401,189		452,763		853,952		152,829
2000 Post Street		—		9,861		44,578		54,439		6,574		10,158		50,855		61,013		17,723		1987	Dec-98
Birch Creek		—		4,365		16,696		21,061		5,010		4,991		21,080		26,071		9,758		1968	Dec-98
Highlands Of Marin		—		5,996		24,868		30,864		26,113		6,972		50,005		56,977		13,800		1991	Dec-98
Marina Playa		—		6,224		23,916		30,140		7,242		6,727		30,655		37,382		13,618		1971	Dec-98
2000 Post III		—		1,756		7,753		9,509		2,983		3,290		9,202		12,492		2,999		2006	Dec-98
Crossroads Apartments		—		4,811		10,170		14,981		3,396		5,024		13,353		18,377		5,763		1986	Jul-04
River Terrace		33,130		22,161		40,137		62,298		1,604		22,250		41,652		63,902		13,429		2005	Aug-05
Bay Terrace		—		8,545		14,458		23,003		1,596		8,549		16,050		24,599		4,868		1962	Oct-05
CitySouth		—		14,031		30,537		44,568		14,981		14,033		45,516		59,549		10,321		1972	Nov-05
Highlands of Marin Phase II		—		5,353		18,559		23,912		9,696		5,706		27,902		33,608		4,559		1968	Oct-07
Edgewater		45,106		30,657		83,872		114,529		1,551		30,663		85,417		116,080		13,843		2007	Mar-08
Almaden Lake Village		27,000		594		42,515		43,109		1,864		622		44,351		44,973		6,555		1999	Jul-08
SAN FRANCISCO, CA		105,236		114,354		358,059		472,413		82,610		118,985		436,038		555,023		117,236
The Crest (c)		55,602		21,953		67,809		89,762		6,708		22,136		74,334		96,470		28,264		1989	Sep-04
Rosebeach		—		8,414		17,449		25,863		1,754		8,462		19,155		27,617		7,294		1970	Sep-04
The Villas @ San Dimas (c)		—		8,181		16,735		24,916		2,221		8,241		18,896		27,137		7,413		1981	Oct-04
The Villas at Bonita (c)		—		4,499		11,699		16,198		771		4,536		12,433		16,969		4,671		1981	Oct-04
Ocean Villas		8,896		5,135		12,789		17,924		1,092		5,205		13,811		19,016		5,036		1965	Oct-04
Pine@Sixth		—		5,805		6,305		12,110		12,306		6,238		18,178		24,416		9,704		2008	Aug-06
Jefferson at Marina del Rey		100,000		55,651		—		55,651		87,751		61,125		82,277		143,402		9,892		2008	Sep-07
Tierra Del Rey		—		39,586		36,679		76,265		1,610		39,589		38,286		77,875		6,976		1999	Dec-07
Marina Pointe		67,700		48,182		102,364		150,546		105		48,186		102,465		150,651		—		1993	Sep-10
LOS ANGELES, CA		232,198		197,406		271,829		469,235		114,318		203,718		379,835		583,553		79,250
Arbor Terrace		9,682		1,453		11,995		13,448		2,518		1,732		14,234		15,966		6,797		1996	Mar-98
Aspen Creek		10,819		1,178		9,116		10,294		1,788		1,411		10,671		12,082		4,529		1996	Dec-98
Crowne Pointe		8,229		2,486		6,437		8,923		3,961		2,737		10,147		12,884		5,014		1987	Dec-98
Hilltop		7,607		2,174		7,408		9,582		2,971		2,635		9,918		12,553		4,561		1985	Dec-98
The Hawthorne		—		6,474		30,226		36,700		1,613		6,511		31,802		38,313		10,559		2003	Jul-05
The Kennedy		17,941		6,179		22,307		28,486		913		6,212		23,187		29,399		7,026		2005	Nov-05
Borgata		—		6,379		24,569		30,948		200		6,384		24,764		31,148		5,214		2001	May-07
Hearthstone at Merrill Creek		—		6,848		30,922		37,770		1,507		6,859		32,418		39,277		5,099		2000	May-08
Island Square		—		21,284		89,389		110,673		2,167		21,331		91,509		112,840		13,022		2007	Jul-08
989elements		—		8,541		45,990		54,531		358		8,507		46,382		54,889		2,666		2006	Dec-09
elements too		—		27,468		72,036		99,504		6,806		29,649		76,661		106,310		6,844		2010	Feb-10
SEATTLE, WA		54,278		90,464		350,395		440,859		24,802		93,968		371,693		465,661		71,331
Rancho Vallecitos (c)		—		3,303		10,877		14,180		5,040		3,774		15,446		19,220		10,030		1988	Oct-99
Presidio at Rancho Del Oro		13,325		9,164		22,694		31,858		4,879		9,571		27,166		36,737		11,350		1987	Jun-04
Villas at Carlsbad		8,449		6,517		10,718		17,235		1,288		6,618		11,905		18,523		4,351		1966	Oct-04
Summit at Mission Bay		—		22,598		17,182		39,780		4,546		22,627		21,699		44,326		7,840		1953	Nov-04
Milazzo (c)		—		15,920		35,578		51,498		4,355		15,936		39,917		55,853		11,548		1986	May-06
SAN DIEGO, CA		21,774		57,502		97,049		154,551		20,108		58,526		116,133		174,659		45,119
Boronda Manor		—		1,946		8,982		10,928		8,210		3,099		16,039		19,138		6,056		1979	Dec-98
Garden Court		—		888		4,188		5,076		4,142		1,454		7,764		9,218		3,048		1973	Dec-98
Cambridge Court		—		3,039		12,883		15,922		12,804		5,131		23,595		28,726		9,345		1974	Dec-98
Laurel Tree		—		1,304		5,115		6,419		5,255		2,058		9,616		11,674		3,715		1977	Dec-98
The Pointe At Harden Ranch		—		6,388		23,854		30,242		22,990		9,731		43,501		53,232		16,496		1986	Dec-98
The Pointe At Northridge		—		2,044		8,028		10,072		8,980		3,190		15,862		19,052		6,269		1979	Dec-98
The Pointe At Westlake		—		1,329		5,334		6,663		4,942		2,106		9,499		11,605		3,604		1975	Dec-98
MONTEREY PENINSULA, CA		—		16,938		68,384		85,322		67,323		26,769		125,876		152,645		48,533
Verano at Rancho Cucamonga Town Square		54,308		13,557		3,645		17,202		51,947		22,898		46,251		69,149		18,494		2006	Oct-02
Windemere at Sycamore Highland		26,971		5,810		23,450		29,260		1,817		5,953		25,124		31,077		12,150		2001	Nov-02
Waterstone at Murrieta		—		10,598		34,703		45,301		4,749		10,858		39,192		50,050		15,894		1990	Nov-04
INLAND EMPIRE, CA		81,279		29,965		61,798		91,763		58,513		39,709		110,567		150,276		46,538
Foothills Tennis Village		15,629		3,618		14,542		18,160		5,277		3,958		19,479		23,437		9,740		1988	Dec-98
Woodlake Village		30,982		6,772		26,967		33,739		10,885		7,722		36,902		44,624		18,857		1979	Dec-98
SACRAMENTO, CA		46,611		10,390		41,509		51,899		16,162		11,680		56,381		68,061		28,597
Tualatin Heights		10,079		3,273		9,134		12,407		5,391		3,688		14,110		17,798		6,871		1989	Dec-98
Andover Park		15,938		2,916		16,995		19,911		6,257		3,102		23,066		26,168		9,794		1989	Sep-04
Hunt Club		17,020		6,014		14,870		20,884		4,693		6,281		19,296		25,577		8,265		1985	Sep-04
PORTLAND, OR		43,037		12,203		40,999		53,202		16,341		13,071		56,472		69,543		24,930
TOTAL WESTERN REGION		933,221		916,460		1,682,064		2,598,524		474,849		967,615		2,105,758		3,073,373		614,363

									Cost of
									Improvements		Gross Amount at Which
			Initial Costs				Total		Capitalized		Carried at Close of Period
			Land and		Buildings		Initial		Subsequent		Land and		Buildings &		Total
			Land		and		Acquisition		to Acquisition		Land		Buildings		Carrying		Accumulated		Date of		Date
	Encumbrances		Improvements		Improvements		Costs		Costs		Improvements		Improvements		Value		Depreciation		Construction (a)		Acquired
MID-ATLANTIC REGION
Dominion Lake Ridge		23,257		2,366		8,387		10,753		5,027		2,765		13,015		15,780		7,627		1987	Feb-96
Dominion Middle Ridge		34,042		3,311		13,283		16,594		6,216		3,626		19,184		22,810		10,660		1990	Jun-96
The Whitmore		—		6,418		13,411		19,829		19,534		7,423		31,940		39,363		14,032		2008	Apr-02
Presidential Greens		—		11,238		18,790		30,028		6,970		11,518		25,480		36,998		14,241		1938	May-02
Ridgewood		—		5,612		20,086		25,698		6,972		5,814		26,856		32,670		14,404		1988	Aug-02
The Calvert				263		11,189		11,452		15,457		8,275		18,634		26,909		8,111		1962	Nov-03
Commons at Town Square		—		136		7,724		7,860		985		6,871		1,974		8,845		966		1971	Dec-03
Waterside Towers		—		874		38,209		39,083		9,218		26,194		22,107		48,301		10,258		1971	Dec-03
Waterside Townhomes		—		129		3,724		3,853		435		2,725		1,563		4,288		737		1971	Dec-03
Wellington Place at Olde Town		28,681		13,753		36,059		49,812		16,131		14,497		51,446		65,943		18,594		2008	Sep-05
Andover House		—		14,357		51,577		65,934		2,335		14,360		53,909		68,269		11,806		2004	Mar-07
Sullivan Place		—		1,137		103,676		104,813		2,676		1,175		106,314		107,489		19,073		2007	Dec-07
Circle Towers		69,493		33,011		107,051		140,062		4,689		32,827		111,924		144,751		17,226		1972	Mar-08
Delancey at Shirlington		—		21,606		66,765		88,371		804		21,616		67,559		89,175		10,740		2006/07	Mar-08
Signal Hill		38,699		13,290		—		13,290		65,362		24,612		54,040		78,652		1,599		2010	Nov-10
METROPOLITAN, DC		194,172		127,501		499,931		627,432		162,811		184,298		605,945		790,243		160,074
Dominion Kings Place		16,582		1,565		7,007		8,572		3,538		1,794		10,316		12,110		6,296		1983	Dec-92
Dominion At Eden Brook		21,308		2,361		9,384		11,745		5,611		2,881		14,475		17,356		9,211		1984	Dec-92
Ellicott Grove		—		2,920		9,099		12,019		22,044		5,189		28,874		34,063		15,546		2008	Jul-94
Dominion Constant Freindship		10,683		903		4,669		5,572		3,220		1,138		7,654		8,792		4,457		1990	May-95
Lakeside Mill		15,242		2,666		10,109		12,775		3,484		2,845		13,414		16,259		8,566		1989	Dec-99
Tamar Meadow		17,602		4,145		17,150		21,295		4,230		4,490		21,035		25,525		10,757		1990	Nov-02
Calvert’s Walk		18,043		4,408		24,692		29,100		5,478		4,549		30,029		34,578		12,624		1988	Mar-04
Arborview Apartments		—		4,653		23,952		28,605		5,342		4,994		28,953		33,947		12,997		1992	Mar-04
Liriope Apartments		—		1,620		6,791		8,411		819		1,629		7,601		9,230		3,228		1997	Mar-04
20 Lambourne		32,000		11,750		45,590		57,340		3,036		11,808		48,568		60,376		8,417		2003	Mar-08
Domain Brewers Hill		—		4,669		40,630		45,299		150		4,669		40,780		45,449		865		2009	Aug-10
BALTIMORE, MD		131,460		41,660		199,073		240,733		56,952		45,986		251,699		297,685		92,964
Dominion Olde West		—		1,965		12,204		14,169		5,155		2,605		16,719		19,324		11,597		1978/82/84/85/87	Dec-84 & Aug-91
Dominion Creekwood		—		—		—		—		4,562		187		4,375		4,562		2,552		1984	Aug-91
Dominion English Hills		—		1,979		11,524		13,503		8,224		2,873		18,854		21,727		11,134		1969/76	Dec-91
Legacy at Mayland		41,507		—		—		—		18,906		1,701		17,205		18,906		9,761		2007	Dec-91
Gayton Pointe Townhomes		—		826		5,148		5,974		28,589		3,302		31,261		34,563		18,433		2007	Sep-95
Dominion West End		26,313		2,059		15,049		17,108		11,704		4,453		24,359		28,812		13,795		1989	Dec-95
Waterside At Ironbridge		—		1,844		13,238		15,082		6,321		2,249		19,154		21,403		9,281		1987	Sep-97
Carriage Homes at Wyndham		—		474		30,997		31,471		6,276		3,729		34,018		37,747		15,035		1998	Nov-03
RICHMOND, VA		67,820		9,147		88,160		97,307		89,737		21,099		165,945		187,044		91,588
Heather Lake		—		617		3,400		4,017		9,311		1,157		12,171		13,328		10,205		1972/74	Mar-80
Woodscape		—		798		7,209		8,007		8,493		1,996		14,504		16,500		11,249		1974/76	Dec-87
Eastwind		—		155		5,317		5,472		5,404		600		10,276		10,876		7,384		1970	Apr-88
Forest Lake At Oyster Point		—		780		8,862		9,642		7,892		1,337		16,197		17,534		9,911		1986	Aug-95
Dominion Waterside At Lynnhave		—		1,824		4,107		5,931		5,344		2,154		9,121		11,275		5,930		1966	Aug-96
Dominion Yorkshire Downs		—		1,089		8,582		9,671		5,217		1,489		13,399		14,888		7,029		1987	Dec-97
NORFOLK, VA		—		5,263		37,477		42,740		41,661		8,733		75,668		84,401		51,708
Garrison Square		—		5,591		91,027		96,618		48		5,591		91,075		96,666		1,629		1887/1990	Sep-10
Ridge at Blue Hills		25,375		6,039		34,869		40,908		118		6,039		34,987		41,026		—		2007	Sep-10
BOSTON, MA		25,375		11,630		125,896		137,526		166		11,630		126,062		137,692		1,629
Greens At Falls Run		—		2,731		5,300		8,031		4,359		3,069		9,321		12,390		5,398		1989	May-95
Manor At England Run		—		3,194		13,505		16,699		19,423		5,095		31,027		36,122		17,608		1990	May-95
Brittingham Square		—		650		4,962		5,612		3,453		916		8,149		9,065		4,654		1991	May-95
Greens At Schumaker Pond		—		710		6,118		6,828		4,844		958		10,714		11,672		6,478		1988	May-95
Greens At Cross Court		—		1,182		4,544		5,726		3,786		1,433		8,079		9,512		4,866		1987	May-95
The Tribute on Glenwood		32,126		4,719		—		4,719		44,736		12,128		37,327		49,455		2,153		2010	Jun-10
OTHER MID-ATLANTIC		32,126		13,186		34,429		47,615		80,601		23,599		104,617		128,216		41,157
TOTAL MID-ATLANTIC REGION		450,953		208,387		984,966		1,193,353		431,928		295,345		1,329,936		1,625,281		439,120
SOUTHEASTERN REGION
Summit West		—		2,176		4,710		6,886		7,000		3,042		10,844		13,886		8,146		1972	Dec-92
The Breyley		—		1,780		2,458		4,238		16,302		3,131		17,409		20,540		12,030		2007	Sep-93
Lakewood Place		21,149		1,395		10,647		12,042		6,953		2,035		16,960		18,995		10,768		1986	Mar-94
Hunters Ridge		22,203		2,462		10,942		13,404		5,786		3,408		15,782		19,190		9,299		1992	Jun-95
Bay Meadow		—		2,893		9,254		12,147		8,328		3,791		16,684		20,475		10,291		2004	Dec-96
Cambridge Woods		—		1,791		7,166		8,957		6,778		2,451		13,284		15,735		7,877		1985	Jun-97
Sugar Mill Creek		7,330		2,242		7,553		9,795		5,508		2,648		12,655		15,303		6,572		1988	Dec-98
Inlet Bay		—		7,702		23,150		30,852		10,933		8,520		33,265		41,785		17,432		1988/89	Jun-03
MacAlpine Place		—		10,869		36,858		47,727		4,266		10,970		41,023		51,993		15,769		2001	Dec-04
Island Walk		—		7,231		19,897		27,128		9,684		9,131		27,681		36,812		15,688		1985/87	Jul-06
Gallery at Bayport II		—		5,775		17,236		23,011		2,051		8,525		16,537		25,062		5,836		2008	Oct-06
The Vintage Lofts at West End		—		6,611		37,663		44,274		10,012		14,983		39,303		54,286		5,958		2009	Jul-09
TAMPA, FL		50,682		52,927		187,534		240,461		93,601		72,635		261,427		334,062		125,666
The Canopy Apartment Villas		—		2,895		6,456		9,351		21,457		5,204		25,604		30,808		16,542		2008	Mar-93
Altamira Place		15,640		1,533		11,076		12,609		18,430		3,150		27,889		31,039		19,087		2007	Apr-94
Regatta Shore		—		757		6,608		7,365		13,580		1,803		19,142		20,945		12,840		2007	Jun-94
Alafaya Woods		20,622		1,653		9,042		10,695		7,290		2,332		15,653		17,985		9,719		2006	Oct-94
Seabrook		—		1,846		4,155		6,001		6,771		2,532		10,240		12,772		7,113		2004	Feb-96
Los Altos		25,048		2,804		12,349		15,153		7,243		3,623		18,773		22,396		10,776		2004	Oct-96
Lotus Landing		—		2,185		8,639		10,824		7,426		2,657		15,593		18,250		8,068		2006	Jul-97
Seville On The Green		—		1,282		6,498		7,780		5,879		1,656		12,003		13,659		6,564		2004	Oct-97
Ashton @ Waterford		26,699		3,872		17,538		21,410		1,586		4,039		18,957		22,996		10,220		2000	May-98
Arbors at Lee Vista DCO		—		6,692		12,860		19,552		10,341		6,903		22,990		29,893		12,798		2007	Aug-06
The Place on Millenia Blvd		—		12,172		37,143		49,315		985		12,194		38,106		50,300		8,131		2007	Jan-08
ORLANDO, FL		88,009		37,691		132,364		170,055		100,988		46,093		224,950		271,043		121,858

									Cost of
									Improvements			Gross Amount at Which
			Initial Costs				Total		Capitalized			Carried at Close of Period
			Land and		Buildings		Initial		Subsequent			Land and		Buildings &		Total
			Land		and		Acquisition		to Acquisition			Land		Buildings		Carrying		Accumulated			Date of		Date
	Encumbrances		Improvements		Improvements		Costs		Costs			Improvements		Improvements		Value		Depreciation			Construction (a)		Acquired
Legacy Hill		—		1,148		5,867		7,015		7,615			1,669		12,961		14,630		8,722			1977	Nov-95
Hickory Run		—		1,469		11,584		13,053		8,107			1,959		19,201		21,160		10,044			1989	Dec-95
Carrington Hills		—		2,117		—		2,117		31,902			4,214		29,805		34,019		14,760			1999	Dec-95
Brookridge		—		708		5,461		6,169		3,594			998		8,765		9,763		5,165			1986	Mar-96
Breckenridge		—		766		7,714		8,480		3,329			1,141		10,668		11,809		5,781			1986	Mar-97
Colonnade		—		1,460		16,015		17,475		3,284			1,799		18,960		20,759		8,339			1998	Jan-99
The Preserve at Brentwood		25,294		3,181		24,674		27,855		4,621			3,304		29,172		32,476		12,534			1998	Jun-04
Polo Park		—		4,583		16,293		20,876		14,921			5,485		30,312		35,797		11,216			2008	May-06
NASHVILLE, TN		25,294		15,432		87,608		103,040		77,373			20,569		159,844		180,413		76,561
Greentree		17,930		1,634		11,227		12,861		12,147			2,683		22,325		25,008		13,885			2007	Jul-94
Westland		—		1,835		14,865		16,700		10,521			3,085		24,136		27,221		15,014			1990	May-96
Antlers		—		4,034		11,193		15,227		11,329			5,130		21,426		26,556		13,906			1985	May-96
St Johns Plantation		—		4,288		33,102		37,390		4,902			4,474		37,818		42,292		14,071			2006	Jun-05
The Kensley		—		3,179		30,711		33,890		1,573			3,191		32,272		35,463		7,030			2004	Jul-07
JACKSONVILLE, FL		17,930		14,970		101,098		116,068		40,472			18,563		137,977		156,540		63,906
The Groves		—		790		4,767		5,557		5,110			1,606		9,061		10,667		6,059			1989	Dec-95
Mallards of Brandywine		—		766		5,407		6,173		2,875			1,101		7,947		9,048		4,531			1985	Jul-97
The Reserve and Park at Riverbridge		40,133		15,968		56,401		72,369		3,941			16,128		60,182		76,310		22,492			1999/2001	Dec-04
PIERPOINT Port Orange		—		3,373		7,096		10,469		5,578			3,792		12,255		16,047		9,479			2007	Dec-05
OTHER FLORIDA		40,133		20,897		73,671		94,568		17,504			22,627		89,445		112,072		42,561
TOTAL SOUTHEASTERN REGION		222,048		141,917		582,275		724,192		329,938			180,487		873,643		1,054,130		430,552
SOUTHWESTERN REGION
Highlands of Preston		—		2,151		8,168		10,319		29,371			5,877		33,813		39,690		13,667			2008	Mar-98
THIRTY377		31,175		24,036		32,951		56,987		5,544			24,213		38,318		62,531		10,981			2007	Aug-06
Garden Oaks		—		2,132		5,367		7,499		854			6,854		1,499		8,353		793			1979	Mar-07
Springhaven		—		6,688		3,354		10,042		521			8,225		2,338		10,563		1,410			1977	Apr-07
Glenwood		—		7,903		554		8,457		811			8,068		1,200		9,268		504			1970	May-07
Talisker of Addison		7,341		10,440		634		11,074		1,199			10,792		1,481		12,273		687			1975	May-07
Clipper Pointe		6,816		13,221		2,507		15,728		1,351			14,803		2,276		17,079		1,343			1978	May-07
Ridgeview Park		—		2,350		—		2,350		8,307			2,364		8,293		10,657		2,179			2007	Jul-07
RIACHI AT ONE21		17,704		2,342		—		2,342		16,310			4,691		13,961		18,652		3,955			2007	Dec-07
Legacy Village		59,300		16,882		100,102		116,984		3,325			16,991		103,318		120,309		17,609			2005/06/07	Mar-08
Riachi at One21 Ph II		12,791		1,918		—		1,918		14,895			4,156		12,657		16,813		1,982			2009	Mar-09
Mustang Park (c)		—		5,556		22,664		28,220		84			5,623		22,681		28,304		1,939			2009	Jul-09
The Belmont		47,056		11,720		—		11,720		54,251			20,929		45,042		65,971		4,424			2010	Apr-10
Savoye		29,082		7,374		3,367		10,741		54,905			14,556		51,090		65,646		2,693			2010	Aug-10
DALLAS, TX		211,265		114,713		179,668		294,381		191,728			148,142		337,967		486,109		64,166
Sierra Foothills		20,977		2,728		—		2,728		20,710			5,032		18,406		23,438		12,303			1998	Feb-98
Finisterra		—		1,274		26,392		27,666		3,885			1,673		29,878		31,551		12,835			1997	Mar-98
Sierra Canyon		12,035		1,810		12,964		14,774		1,883			2,014		14,643		16,657		8,361			2001	Dec-01
Lumiere		—		5,092		11,998		17,090		6,688			4,708		19,070		23,778		11,211			1996	May-06
Waterford at Peoria		—		2,225		21,593		23,818		1,527			2,971		22,374		25,345		3,215			2008	Aug-08
Residences at Stadium Village		29,120		7,930		—		7,930		41,291			15,157		34,064		49,221		3,631			2009	May-09
PHOENIX, AZ		62,132		21,059		72,947		94,006		75,984			31,555		138,435		169,990		51,556
Barton Creek Landing		—		3,151		14,269		17,420		14,760			3,535		28,645		32,180		9,717			1986	Mar-02
Residences at the Domain		25,079		4,034		55,256		59,290		891			4,053		56,128		60,181		8,039			2007	Aug-08
AUSTIN, TX		25,079		7,185		69,525		76,710		15,651			7,588		84,773		92,361		17,756
Inn @ Los Patios		—		3,005		11,545		14,550		4,629			4,279		14,900		19,179		4,052			1990	Aug-98
Tiburon		17,500		3,600		—		3,600		18,626			6,258		15,968		22,226		4,073			2008	Jul-06
Laurelwoode		19,201		3,459		—		3,459		20,354			7,302		16,511		23,813		3,582			2008	Jan-07
OTHER TEXAS		36,701		10,064		11,545		21,609		43,609			17,839		47,379		65,218		11,707
TOTAL SOUTHWESTERN REGION		335,177		153,021		333,685		486,706		326,972			205,124		608,554		813,678		145,185
REAL ESTATE UNDER DEVELOPMENT
Savoye II		—		6,510		3,774		10,284		16,700			6,510		20,474		26,984		—
Mission Bay		—		23,625		—		23,625		729			23,654		700		24,354		—
Belmont Townhomes		—		288		—		288		605			853		40		893		—
2400 14th Street		—		31,747		—		31,747		13,934			31,392		14,289		45,681		—
TOTAL REAL ESTATE UNDER DEVELOPMENT		—		62,170		3,774		65,944		31,968			62,409		35,503		97,912		—
LAND
Waterside		—		11,862		93		11,955		126			11,862		219		12,081		176
Presidio		—		1,524		—		1,524		921			1,300		1,145		2,445		—
UDR Pacific Los Alisos, LP		—		17,298		—		17,298		6,273			16,385		7,186		23,571		—
Parkers Landing II TRS		—		1,710		—		1,710		762			1,511		961		2,472		(1,310	)
3033 Wilshire		—		11,055		—		11,055		4,091			11,055		4,091		15,146		—
Vitruvian		—		15,664		19,607		35,271		40,903			46,038		30,136		76,174		—
TOTAL LAND		—		59,113		19,700		78,813		53,076			88,151		43,738		131,889		(1,134	)
TOTAL REAL ESTATE UNDER DEVELOPMENT		—		121,283		23,474		144,757		85,044			150,560		79,241		229,801		(1,134	)
COMMERCIAL
Hanover Village		—		1,624		—		1,624		—			1,104		520		1,624		518
The Calvert — commercial side		—		34		1,598		1,632		1,176			1,172		1,636		2,808		670
Circle Towers Office Bldg		—		1,407		4,498		5,905		900			1,380		5,425		6,805		744
Brookhaven Shopping Center		—		4,138		7,093		11,231		9,459			6,928		13,762		20,690		1,704
Bellevue Plaza retail		22,271		24,377		7,517		31,894		(61	)		29,920		1,913		31,833		105
Grandview DCO		—		7,266		9,702		16,968		2,097			10,750		8,315		19,065		6,501
TOTAL COMMERCIAL		22,271		38,846		30,408		69,254		13,571			51,254		31,571		82,825		10,242
Other (b)		—		—		—		—		2,259			5		2,254		2,259		(2	)
TOTAL CORPORATE		—		—		—		—		2,259			5		2,254		2,259		(2	)
TOTAL COMMERCIAL & CORPORATE		22,271		38,846		30,408		69,254		15,830			51,259		33,825		85,084		10,240
TOTAL REAL ESTATE OWNED	$	1,963,670	$	1,579,914	$	3,636,872	$	5,216,786	$	1,664,561		$	1,850,390	$	5,030,957	$	6,881,347	$	1,638,326

(a)	Date of construction or date of last major renovation.
(b)	Includes unallocated accruals and capital expenditures.
	The aggregate cost for federal income tax purposes was approximately $6.2 billion at December 31, 2010.
	The depreciable life for all buildings is 35 years.
(c)	Classified as held for disposition at December 31, 2010.

3-YEAR ROLLFORWARD OF REAL ESTATE OWNED AND ACCUMULATED DEPRECIATION

The following is a reconciliation of the carrying amount of total real estate owned at December 31, (in thousands):

	2010			2009			2008
Balance at beginning of the year	$	6,315,047		$	5,831,753		$	5,956,481
Real estate acquired		425,825			28,220			1,014,232
Real estate acquired through JV consolidation		—			185,929			—
Capital expenditures and development		167,986			273,552			297,565
Real estate sold		(20,328	)		—			(1,436,525	)
Retirement of fully depreciated assets		(7,183	)		(4,407	)		—
Balance at end of the year	$	6,881,347		$	6,315,047		$	5,831,753

The following is a reconciliation of total accumulated depreciation for real estate owned at December 31:

	2010			2009			2008
Balance at beginning of the year	$	1,351,293		$	1,078,689		$	1,371,759
Depreciation expense for the year		297,889			277,011			245,898
Accumulated depreciation on sales		(3,673	)		—			(538,968	)
Accumulated depreciation on retirements		(7,183	)		(4,407	)		—
Balance at end of year	$	1,638,326		$	1,351,293		$	1,078,689