REIT Prices Note Offering

United Dominion Realty Trust, Richmond, Va., has priced a $50 million offering of 4.5% senior unsecured notes due March 3, 2008.The notes represent a re-opening of the 4.5% senior notes due 2008 issued by the company on Feb. 27, and will, together with those notes, constitute a single series with an aggregate amount of $200 million, the company said. The proceeds are expected to be used to repay amounts outstanding under the company's $500 million unsecured credit facility. United Dominion, a multifamily real estate investment trust, can be found online at http://www.udrt.com.

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