UDR

UDR, Inc. is a prominent real estate investment trust focused on the ownership, acquisition, development, and management of multifamily apartment communities across the United States. The company has a strong track record of delivering consistent returns by strategically managing its portfolio, which includes over 51,000 apartment homes and additional properties in various stages of development. UDR targets urban areas that exhibit above-average job growth and face a shortage of affordable housing options, ensuring its investments align with market demand. Its operations are divided into two segments: Same-Store Communities, which consist of stabilized properties, and Non-Mature Communities, encompassing recently acquired or developed properties. Through its efforts, UDR aims to provide high-quality living experiences for residents while delivering long-term value to its shareholders.

Harry Alcock

Senior Vice President and Chief Investment Officer

3 past transactions

GiGstreem

Venture Round in 2023
GiGstreem, LLC, founded in 2016 and based in Tysons, Virginia, specializes in providing high-speed broadband Internet access to homes and businesses along the East Coast. The company offers a range of internet service options, including fiber and micro/fiber hybrid technologies, designed to deliver fast and reliable connectivity at competitive prices. In addition to standard internet services, GiGstreem provides business phone solutions, managed network services, and temporary Wi-Fi for live events, catering to various customer needs. By focusing on customer support and affordability, GiGstreem aims to differentiate itself from larger competitors in the broadband market.

SmartRent

Series B in 2019
SmartRent is an enterprise home automation company that develops innovative software and hardware solutions for property owners, managers, and residents in multifamily communities. Founded in 2016 and headquartered in Scottsdale, Arizona, SmartRent provides a platform that allows property managers and residents to control locks, lights, and thermostats in both vacant units and common areas from anywhere in the world. The company's technology integrates with various property management systems and hardware manufacturers, enabling enhanced asset monitoring and protection. SmartRent's solutions aim to create operational efficiencies and drive additional revenue opportunities for property managers while delivering a seamless experience for residents. The majority of the company's revenue comes from the United States, though its services also extend internationally.

MyNewPlace

Series A in 2006
MyNewPlace is a prominent apartment listing website in the United States, facilitating connections between landlords and potential tenants. The platform offers a comprehensive search feature for apartments and homes for rent, along with valuable city information and demographic data. Users can access property details, including photos and videos, as well as integrated mapping to enhance their search experience. MyNewPlace is recognized for its user-friendly design and was a pioneer in incorporating social networking features into the rental process. The company also provides resources such as rental living tips through its blog, LocalTalk. Founded in San Francisco's SoMa neighborhood, MyNewPlace is owned by RealPage, headquartered in Carrollton, Texas. In 2009, the company expanded its offerings with a mobile app that includes GPS-based apartment searches and note-taking capabilities for listings.
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