22.10.2007 12:59:00
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Unique Visits to UDR Web Site Surpasses One Million, up 23% from 2006
UDR, Inc. (NYSE: UDR) announced today that over 1 million unique
visitors went to its website in the first nine months of 2007, reaching
the million visitor milestone three months earlier than in 2006. Nearly
50% of the visits were the result of organic search engine referrals at
no marketing cost to UDR, Inc.
In July 2007, UDR launched a redesigned web site using new, customer
centric web technology. Web visitor count accelerated following this
launch, and in September alone, over 105,000 apartment shoppers visited
UDR communities at UDR.com to learn
about community amenities and rental rates as well as apply and reserve
an apartment home.
"More and more prospective residents are using
the internet to shop for and rent apartments,”
stated Martha Carlin, Executive Vice President, Property Operations. "Nearly
40% of our third quarter leasing was done via the internet, up from 29%
last year. Our goal is to obtain and process 90% of our leases on the
Internet. We continue to implement innovative changes to maintain our
leadership in this area and focus on ways to make doing business with us
easy for our customers.”
In early November, UDR, Inc. plans to launch a new Spanish-language
site, designed to open the company’s door to
Latino Americans, the nation's fastest-growing ethnic group. The site
will be found at http://es.udr.com.
"The Hispanic market represents a rapidly growing renter base in many
major city locations and we want to provide the proper site experience
and features to assist these prospects to gain easy access to UDR
apartment information," said Carlin. "According
to the 2000 census figures, minorities represented 31 percent of the
nation’s population, up from 24 percent in
1990.”
The Spanish site, which is unique within the multi-family housing
industry, will offer over 4,000 Spanish translated web pages and include
apartments for rent search resources. It will feature side-by-side
apartment comparison shopping, last community viewed navigation, RSS
feeds, and the ability to reserve an apartment online. In addition, UDR
Spanish language content will also be found on any web-enabled mobile
device.
About UDR, Inc.
UDR, Inc. (NYSE:UDR) is a leading multi-family 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. As of June 30, 2007, UDR owned 71,290
apartment homes and had 5,917 homes under development and another 1,108
homes under contract for development in its pre-sale program. 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. An S&P 400 company, UDR is the fourth largest apartment REIT
in the nation. Additional information can be found on the Company’s
website at www.udr.com.
Statements contained in this press release, which are not historical
facts, are forward-looking statements, as the term is defined in the
Private Securities Litigation Reform Act of 1995. You can identify these
forward-looking statements by the Company’s
use of words such as "expects,” "plans,” "estimates,” "projects,” "intends,” "believes,” and
similar expressions that do not relate to historical matters. Such
forward-looking statements are subject to risks and uncertainties which
can cause actual results to differ materially from those currently
anticipated, due to a number of factors, which include, but are not
limited to, unfavorable changes in the apartment market, changing
economic conditions, the impact of competition and competitive pricing,
acquisitions or new developments not achieving anticipated results,
delays in completing developments and lease-ups on schedule,
expectations on job growth, home affordability and demand/supply ratio
for multi-family housing, expectations concerning redevelopment
activities, expectations on occupancy levels, expectations concerning
the Texas joint venture, expectations that automation will help grow net
operating income, expectations on post-renovated stabilized annual
operating income, exceptions on annualized net operating income, and
other risk factors discussed in documents filed by the Company with the
Securities and Exchange Commission from time to time including the
Company's Annual Report on Form 10-K and the Company's Quarterly Reports
on Form 10-Q. All forward-looking statements in this press release are
made as of today, based upon information known to management as of the
date hereof. The Company assumes no obligation to update or revise any
of its forward-looking statements even if experience or future changes
show that indicated results or events will not be realized.
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