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UDR, MetLife Trade Apartment Stakes

Companies Buy Out Each Other In Multimillion-Dollar Deal
The Acoma in Denver will be fully owned by MetLife Investment Management if a planned deal between MetLife and UDR goes as planned. (CoStar)
The Acoma in Denver will be fully owned by MetLife Investment Management if a planned deal between MetLife and UDR goes as planned. (CoStar)
By Molly Armbrister
August 13, 2019 | 1:27 P.M.

UDR and MetLife Investment Management have agreed to swap stakes in real estate the companies co-own in two deals that together total $880 million, as UDR attempts to focus its investments more specifically in markets that it has identified as strong targets for growth.

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