8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

September 12, 2002

(Date of earliest event reported)

UNITED DOMINION REALTY TRUST, INC.

(Exact name of Registrant as specified in its charter)

Virginia	0-10524	54-0857512
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(IRS Employer Identification No.)

1745 Shea Center Drive, Suite 200, Highlands Ranch, Colorado 80129

(Address of principal executive offices, including zip code)

(720) 283-6120

(Registrant’s telephone number, including area code)

Item 5.    Other Events.

On September 12, 2002, United Dominion Realty Trust, Inc. announced the sale of a portfolio of 4,102 apartment homes in Texas for a total sales price of $182.5 million. The portfolio had outstanding secured debt of $9.7 million with an average interest rate of 8% and an average remaining maturity of nine months that was repaid as part of the sale. United Dominion will report a gain on sale of $15 million or $.14 per share.

The 13 Texas communities included 3,378 apartment homes in San Antonio and 724 apartment homes in Dallas/Ft. Worth. The sales price was on a cap rate of 8% using trailing twelve months net operating income less an actual capital expenditure reserve of $435 per unit. The average occupancy of the portfolio was 93% with average rents per home of $717 or $.87 per square foot. The average age of this portfolio was 16 years.

The text of the press release announcing the transaction is attached hereto as Exhibit 99.1.

Item 7.    Exhibits and Financial Statements.

(c)  Exhibits

99.1    Press Release dated September 12, 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	UNITED DOMINION REALTY TRUST, INC.
	By:	/s/    CHRISTOPHER D. GENRY
		Christopher D. Genry Executive Vice President and Chief Financial Officer
Date:  September 16, 2002

EXHIBIT INDEX

Exhibit	Description
99.1	Press Release dated September 12, 2002

EX-99.1

EXHIBIT 99.1

For details, contact:

Ella Neyland

Phone (720) 283-6144

E-mail: ir@udrt.com

www.udrt.com

PRESS RELEASE

                  For Immediate Release

UNITED DOMINION REALTY TRUST ANNOUNCES SALE OF 4,102 APARTMENT HOMES IN TEXAS FOR $182.5 MILLION

RICHMOND, VA. (September 12, 2002) United Dominion Realty Trust, Inc. (NYSE: UDR) today reported the sale of a portfolio of 4,102 apartment homes in Texas for a total Sales Price of $182.5 million. The portfolio had outstanding secured debt of $9.7 million with an average interest rate of 8% and an average remaining maturity of nine months that was repaid as part of the sale. The Company will report a Gain on Sale of $15 million or $.14 per share.

The 13 Texas communities included 3,378 apartment homes in San Antonio and 724 apartment homes in Dallas/Ft. Worth. The sales price was on a cap rate of 8% using trailing twelve months Net Operating Income less an actual capital expenditure reserve of $435 per unit. The average occupancy of the portfolio was 93% with average rents per home of $717 or $.87 per square foot. The average age of this portfolio was 16 years.

“The sale of this portfolio continues our previously announced plan to sell assets in slower growth markets or where we do not have a significant ownership presence. We plan to focus on core markets with above average long-term growth prospects where we can add value through our property operations expertise. Year-to-date we have successfully sold $284 million of non-core assets with an average cap rate of 8.2% and have acquired $274 million of assets at an average cap rate of 8.4%,” cited Mark Wallis, Sr. Executive Vice President.

United Dominion is celebrating its 30-year anniversary this year. It is one of the country’s largest multi-family real estate investment trusts, owning and operating apartment communities nationwide. The Company currently owns approximately 78,000 apartment homes and is the developer of approximately 200 homes currently under construction. United Dominion’s common stock is traded on the New York Stock Exchange under the symbol UDR. Additional information about United Dominion may be found on its web site at www.udrt.com.

Statements contained in this press release, which are not historical facts, are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which can cause actual results to differ materially from those currently anticipated, due to a number of factors, which include, but are not limited to, unfavorable changes in the apartment market, changing economic conditions, acquisitions or new developments may not achieve anticipated results, difficulties in selling existing apartment communities, and other risk factors discussed in documents filed by the company with the Securities and Exchange Commission from time to time including the Company’s Annual Report on Form 10-K for the year ended December 31, 2001 and the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2002. The statements in this press release are made as of today, based upon information currently known to management, and the company disclaims any duty to update such statements.

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