# Apollo Funds and UDR Plan $1.34 Billion Apartment Stake

> Apollo-managed funds and UDR Inc. form $1.34 billion venture for 19 apartment communities.
- Title: Apollo Funds and UDR Plan $1.34 Billion Apartment Stake
- Summary: Apollo-managed funds and UDR Inc. form $1.34 billion venture for 19 apartment communities. Apollo-managed funds and UDR Inc. will invest $1.34 billion for a…
- Keywords: apollo, udr, apartment communities, venture stake, real estate, funds, crypto, finance, Plan, Billion, Apartment, Stake
- Source: TokenPost — https://tokenpost.com/news/business/37181
- Published: 2026-10-21T23:45:16+00:00
- Read time: 1 min
- Topics: apollo, udr, apartment communities, venture stake, real estate, funds, crypto, finance
## Apollo and UDR Form Apartment Venture
Apollo-managed funds and UDR Inc. plan to form a venture for 19 apartment communities valued at about $2 billion.
## Apollo Invests $1.34 Billion for Two-Thirds Stake
Apollo will invest $1.34 billion for an approximately two-thirds stake in the venture, with UDR keeping a one-third interest.
## Transaction Expected to Close Oct 29
The transaction is expected to close on October twenty-ninth, subject to transaction documents and customary closing conditions.
## Key takeaway

Apollo-managed funds and UDR Inc. will invest $1.34 billion for a two-thirds stake in 19 apartment communities valued at $2 billion.