UDR, Inc. — Director's Dealing 2007

Feb 2, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: UNITED DOMINION REALTY TRUST INC (UDR)
CIK: 0000074208
Period of Report: 2006-12-31

Reporting Person: GROVE JON A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-31	Warrants (Right to Buy - KEYSOP)	$0	J	13640	Acquired	2013-03-25	Common Stock (13640)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	243720	Direct

Footnotes

F1: These shares were acquired through dividend reinvestment at various prices when dividends were declared.

F2: KEYSOP Shares acquired through Dividend Reinvestment Plan

F3: These options were acquired through Dividend Reinvestment and are exercisable upon acquisition.