How many units does UDR manage?
In real estate, zoning laws, and housing market definitions, a residential property is typically considered an apartment complex when it contains five or more individual dwelling units under single ownership. Buildings with one to four units are generally classified as residential multi-family properties—such as duplexes, triplexes, or quadruplexes—which fall under standard residential mortgage lending guidelines and consumer financing rules. Once a property reaches or exceeds five units, it crosses into commercial real estate territory, requiring commercial loans, specialized property management strategies, and distinct municipal building code compliance. Large-scale apartment complexes often feature dozens or even hundreds of units, frequently accompanied by shared community amenities like swimming pools, fitness centers, gated access, and dedicated leasing offices designed to serve a large tenant community.
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