UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E Preferred Stock for the first quarter of 2008 in the amount of $0.3322 per share. The preferred dividend is payable on April 30, 2008, to Series E preferred stock shareholders of record as of April 11, 2008.

Additionally, UDR announced that its Board of Directors declared a regular quarterly dividend on its Series G Preferred Stock for the period of January 30, 2008, to, but not including, April 30, 2008, in the amount of $0.421875 per share. The preferred dividend is payable on April 30, 2008, to Series G preferred stock shareholders of record as of April 11, 2008.

About UDR, Inc.

UDR, Inc. (NYSE:UDR - News), an S&P 400 company, is a leading multifamily real estate investment trust (REIT) with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. For over 30 years, UDR has delivered long-term value to shareholders, the best standard of service to residents, and the highest-quality experience for associates. Additional information can be found on the Company's website at www.udr.com.