UDR, Inc. — Major Shareholding Notification 2008

Jul 30, 2008

SC 13G 1 sc0069.htm SCHEDULE 13G Schedule 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

UDR, Inc.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

902653104

(CUSIP Number)

July 1, 2008

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b) þ Rule 13d-1(c) o Rule 13d-1(d)

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CUSIP No. 902653104 13G Page 2 of 9 Pages

1	NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS ING Groep N.V.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP Not Applicable
	(a) o
	(b) o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	The Netherlands
	5	SOLE VOTING POWER
NUMBER OF		0
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		3,257,450
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		0
WITH:	8	SHARED DISPOSITIVE POWER
		6,476,550
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	6,476,550 1 2
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	Not Applicable
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
	5.05%
12	TYPE OF REPORTING PERSON
	HC

1 6,460,050 of these shares are held by indirect subsidiaries of ING Groep N.V. in their role as a discretionary manager of client portfolios.

2 16,500 of these shares are held by indirect subsidiaries of ING Groep N.V. in their role as trustee.

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CUSIP No. 902653104 13G Page 3 of 9 Pages

1	NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS ING Clarion Real Estate Securities, L.P. 3
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP Not Applicable
	(a) o
	(b) o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	201 King of Prussia Road, Suite 600, Radnor, PA 19087
	5	SOLE VOTING POWER
NUMBER OF		3,230,550
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		5,800
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		6,455,450
WITH:	8	SHARED DISPOSITIVE POWER
		0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	6,455,450
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(9) EXCLUDES CERTAIN SHARES Not Applicable
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
	5.03%
12	TYPE OF REPORTING PERSON
	IA

End Table Body

3 ING Clarion Real Estate Securities, L.P. is a wholly owned indirect subsidiary of ING Groep N.V.

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CUSIP No. 902653104 13G Page 4 of 9 Pages

Item 1(a).	Name of Issuer:
	UDR, Inc.
Item 1(b).	Address of Issuer's Principal Executive Offices:
	1745 Shea Center Drive, Suite 200
	Highlands Ranch, CO 80129
Item 2(a).	Name of Person Filing:
	ING Groep N.V.
	ING Clarion Real Estate Securities, L.P.
Item 2(b).	Address of Principal Business Office or, if None, Residence:
	ING Groep N.V.:
	Amstelveenseweg 500
	1081 KL Amsterdam
	P.O. Box 810
	1000 AV Amsterdam
	The Netherlands
	ING Clarion Real Estate Securities, L.P.
	201 King of Prussia Road
	Suite 600
	Radnor, PA 19087
Item 2(c).	Citizenship:
	See item 4 on Page 2
	See item 4 on Page 3
Item 2(d).	Title of Class of Securities:
	Ordinary Shares
Item 2(e).	CUSIP Number:
	902653104
Item 3.	If this statement is
filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (Not Applicable)

| (a) o | Broker or dealer registered under Section 15 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”); |
| --- | --- |
| (b) o | Bank as defined in Section 3(a)(6) of the Exchange Act; |

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CUSIP No. 902653104 13G Page 5 of 9 Pages

(c) o	Insurance company as defined in Section 3(a)(19) of the Exchange Act;
(d) o	Investment company registered under Section 8 of the Investment
Company Act of 1940, as amended (the “Investment Company Act”);
(e) o	Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) under
the Exchange Act;
(f) o	Employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F) under the Exchange Act;
(g) o	Parent holding company or control person in accordance with Rule
13d-1(b)(ii)(G) under the Exchange Act;
(h) o	Savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act;
(i) o	Church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act;
(j) o	Group in accordance with Rule 13d-1(b)(1)(ii)(J) under the Exchange
Act.

ITEM 4. Ownership.

(a) Amount beneficially owned:

See item 9 on Page 2 See item 9 on Page 3

(b) Percent of class:

See item 11 on Page 2 See item 11 on Page 3

(c) Number of shares as to which such person has:

(i)	Sole power to vote or to direct the vote:
	See item 5 on Page 2 See item 5 on Page 3
(ii)	Shared power to vote or to direct the vote:
	See item 6 on Page 2 See item 6 on Page 3

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CUSIP No. 902653104 13G Page 6 of 9 Pages

(iii)	Sole power to dispose or to direct the disposition of:
	See item 7 on Page 2 See item 7 on Page 3
(iv)	Shared power to dispose or to direct the disposition of:
	See item 8 on Page 2 See item 8 on Page 3

Item 5.	Ownership of Five Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of More than Five Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable
Item 10.	Certification.
	By signing below we certify that,
to the best of our knowledge and belief, the securities referred to
above were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

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CUSIP No. 902653104 13G Page 7 of 9 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

July 30, 2008 (Date)
ING GROEP N.V.
By:
/s/ Eric E. Ribbers
(Signature)
Eric E. Ribbers
Senior Compliance Officer (Name/Title)
/s/ R.M. Fischmann
(Signature)
R.M. Fischmann
Head of Compliance, Regulator & Industry Body (Name/Title)

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CUSIP No. 902653104 13G Page 8 of 9 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

July 30, 2008
(Date)
ING CLARION REAL ESTATE SECURITIES, L.P.
By:
/s/ William Zitelli
(Signature)
William Zitelli
Chief Compliance Officer
(Name/Title)

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CUSIP No. 902653104 13G Page 9 of 9 Pages

Exhibit A to Schedule 13G Joint Filing Agreement Pursuant to Rule 13d-1(k)

The undersigned persons (the “Reporting Persons”) hereby agree that a joint statement on this Schedule 13G, and any amendments thereto, be filed on their behalf by ING Groep N.V.

Each of the Reporting Persons is responsible for the completeness and accuracy of the information concerning each of them contained therein, but none of the Reporting Persons is responsible for the completeness or accuracy of the information concerning any other Reporting Person.

Date: July 30, 2008

ING GROEP N.V. — By:	/s/ Eric E. Ribbers
	Name:	Eric E. Ribbers
	Title:	Senior Compliance Officer
By:	/s/ R.M. Fischmann
	Name:	R.M. Fischmann
	Title:	Head of Compliance, Regulator & Industry Body
ING CLARION REAL ESTATE SECURITIES, L.P.
By:	/s/ William Zitelli
	Name:	William Zitelli
	Title:	Chief Compliance Officer

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