March 1 (Reuters) - Udr Inc:
* To enter Manhattan apartment market through the acquisition of 10 Hanover
square
* Deal valued at for $260.8 million
* Says purchase price will be funded through the assumption of an existing
$192.0 million fixed rate mortgage
* Says deal to be also funded with the issuance of approximately $64.3 million
of operating partnership units
* Says deal to be also funded with about approximately $4.5 million in cash
* Says entered into a definitive agreement with the witkoff group to buy 10
Hanover square, a 493-home apartment community
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* To enter Manhattan apartment market through the acquisition of 10 Hanover
square
* Deal valued at for $260.8 million
* Says purchase price will be funded through the assumption of an existing
$192.0 million fixed rate mortgage
* Says deal to be also funded with the issuance of approximately $64.3 million
of operating partnership units
* Says deal to be also funded with about approximately $4.5 million in cash
* Says entered into a definitive agreement with the witkoff group to buy 10
Hanover square, a 493-home apartment community
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.