LaSalle and UDR completed a $510m joint venture.

LaSalle and UDR completed a $510m joint venture to create a portfolio of core multifamily assets in key markets across the US. The investment presents LaSalle a unique opportunity to partner with a best-in-class operator in a preferred sector with immediate and diversified scale in multifamily markets that are ranked highly by LaSalle’s global Research and Strategy group. The partnership capitalizes on the secular shift to product in high-barrier-to-entry markets in addition to attractive rent price points, strong operating history, and long-term expected NOI growth.