Exhibit 99.1

Current topics March 19 – Investor Day, Grand Hyatt, NY Continued strength in apartment market fundamentals Sustainable rent growth Portfolio positioned to benefit from strong job growth, low housing affordability Expect 69% of 2007 NOI will be generated in California, Florida, Texas and the DC corridor. Focus on technology to improve customer service and reduce costs 5-year goal is to generate 90% of leases on line and process 100% of rent payments electronically Will implement resident portal for on line service requests Expect to choose yield management software in 60 days Development pipeline totals $1.9B Developments in process: 2,701 homes, $551M Future development pipeline: 8,368 homes, $1.3B Value creation of $500 to $900 million or $3 to $6 per share Redevelopment pipeline totals $357M 4,060 homes in 13 communities Value creation in excess of $300 million or $2 per share TRS includes development, redevelopment, land entitlement, lease-up, etc. Sold Las Colinas Development in Q4 for $44.5M, after tax profit of $8.8M Sold 384 condominiums in 2006 for gross proceeds of $72M and after tax profit of $19.8M United Dominion Realty Trust (NYSE: UDR), has a demonstrated history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted US markets. UDR | United Dominion Realty Trust Highlights 4th largest apartment REIT Approximately 70,000 apartment homes $8.2 billion total market cap Portfolio positioned to capture job and demographic trends Compelling Value Creation Strategy Creating value and implementing strategies to accelerate growth Strengthen our research-driven portfolio Leverage our capacity & infrastructure with quality assets in selected markets Expand our taxable REIT subsidiary business Expand development, redevelopment, land entitlement and short-term hold investments Transform operations to grow income Grow net operating income through automation and efficiency Source capital matched to opportunities Leverage research capabilities and operating, financial and investment platforms to attract a variety of low cost capital At a Glance Current Stock Price (2.28): $32.65 52-Week Range: $25.50 - $34.10 2007 Indicated Dividend: $1.32 Current Yield: 3.8% Institutional Ownership: 77.3% Insider Ownership: 6.0%

Revenue: Hot Markets for 2007 Markets expected to demonstrate revenue growth greater than 7% Tampa, FL Northern California Southern California Charlotte, NC Portland, OR Orlando, FL Seattle, WA Phoenix, AZ Operations: TRS: Overview Our Taxable REIT Subsidiary provides us flexibility to assemble a portfolio and harvest value through entitlement, zoning changes, development, redevelopment, and conversion to condominiums. It gives us flexibility to act quickly when markets change. Completed Development – Mandalay on the Lake Las Colinas, TX - 367 homes Sold in Q4 for $44.5 million - $32 million cost 2006 Community Acquisitions/Dispositions Location # of Homes $millions Acquisitions: California 900 $198.0 Texas 1,477 108.5 Nashville 386 21.0 Total 2,763 $327.5 Dispositions: North Carolina 3,635 $195.1 Texas 2,078 119.5 Memphis 630 27.0 Aurora, CO 600 30.7 Seattle 518 58.0 Mesa, AZ 192 14.6 Total 7,653 $444.5 2007 Top 10 Markets (proforma) % of 2007E NOI Metro D.C. 11% Orange Co., CA 10% Tampa, FL 6% San Francisco, CA 6% Houston, TX 5% Orlando, FL 5% Baltimore, MD 4% Raleigh, NC 4% Richmond, VA 4% Nashville, TN 3% Total 56% SOLD 2007 Guidance Includes ~$0.25 per share in TRS contribution 2007 pipeline includes 4 to 5 transactions, plus condo activity Four transactions in process, expected to close in first half of 2007 Condo gains down 35% from 2006, occurring later in year Condo Conversions In-Process Location # of Homes Ave. Sales Price Tampa, FL 320 $155,000 Phoenix, AZ 320 200,000 Long Beach, CA 158 355,000 Tampa, FL 54 400,000 San Francisco, CA 24 550,000 Total 876 2006 Results Q4 YTD Monthly Income per Home: $915 $884 Occupancy: 94.3% 94.7% Year-over-Year Changes: Monthly Income per Home: $ Increase vs. 2005: $53 $50 % Increase vs. 2005: 6.1% 6.0% Concessions: (8.2%) (17.6%) Expenses: (0.2%) 1.8% NOI: 8.8% 8.6%

Development: Redevelopment: Pipeline $1.9 billion identified 21 communities 11,069 apartment homes $500 million to $900 million Value Creation, or $3 to $6 per share Waterside Towers – Washington D.C. Kitchen/Bath Program Targeting 8% to 10% Stabilized ROI 14,000 Completed; > 20,000 in Pipeline Expect to complete 650 per month during 2007 Absorbing $0.02 per share in annual dilution from homes out of service Full Community Redevelopment 13 communities underway - 4,060 homes $170 budgeted cost; $357 total investment Targeting 10% stabilized ROI Absorbing $0.07 per share in annual dilution from homes out of service Over $300 million in estimated value creation or $2 per share Cost (B) $ Before Before After After Number of Homes Budgeted Cost Number Budgeted of Homes Cost Wholly Owned - Under Development 872 76,000 Developments In Progress - Under Contract 860 105,000 Development Joint Ventures 969 370,000 Total Current Development 2,701 551,000 Future Development - Owned 3,146 570,000 Future Development - Under Investigation 5,222 779,000 Total Future Development 8,368 1,349,000 Total Development Pipeline 11,069 1,900,000 $ TOTAL DEVELOPMENT PIPELINE Rent Increase Examples: Before After Increase % So. California $1,270 $1,408 $138 10.9% No. California $1,189 $1,325 $136 11.4% Monterey $996 $1,093 $97 9.7% Baltimore $953 $1,035 $82 8.6% Portland $764 $907 $143 18.7% Orlando $769 $895 $126 16.4% Tampa $779 $889 $110 14.1% Value Creation Examples: Expected Cash Flow Growth Cash on Cash Return Value Created Legacy at Mayland 100% 11% $36M Dominion Great Oaks 52% 7% - 8% 15M Gayton Crossing 100% 8% 14M Wellington Place 36% 7% - 8% 14M Altamira Place 57% 7% - 8% 13M Taylor Place 50% 9% 13M $935M $702M $601M $508M $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 5.00% 5.50% 5.75% 6.00% Cap Rate Value Creation: Cap Rate Sensitivity Capitalization Value Created

2007 Guidance at Midpoint: UDR Investor Day: March 19, 2007 - 1:00 pm - Grand Hyatt New York UDR’s Investor & Analyst Day: Senior management will share the Company’s business strategy, performance and future outlook. Meeting and Reception Location: Grand Hyatt New York   Park Avenue at Grand Central New York, New York  10017 Dinner Will Follow: The Capital Grille Trylon Towers ~ Chrysler Center 155 East 42nd Street New York, New York  10017 Agenda 12:00 – 1:00pm – Registration 1:00 – 2:45pm – Discussion: Tom Toomey & Mark Wallis 2:45 – 3:00pm – Break 3:00 – 4:30pm – Discussion: Martha Carlin & Mike Ernst 4:30 – 6:00pm – Reception @ Grand Hyatt 6:30pm – Dinner @ Capital Grille Please register at ir.udrt.com if you have not done so already. Call Larry Thede at 720.283.2450 with questions. Statements contained in this presentation, which are not historical facts, are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the Company’s use of words such as, “expects,” “plans,” “estimates,” “projects,” “intends,” believes,” and similar expressions that do not relate to historical matters. 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, the impact of competition and competitive pricing, acquisitions or new developments may not achieve anticipated results, delays in completing developments and lease-ups on schedule, 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 and the Company's Quarterly Reports on Form 10-Q. All forward-looking statements in this presentation are made as of today, based upon information known to management as of the date hereof, and the Company assumes no obligation to update or revise any of its forward-looking statements even if experience or future changes show that indicated results or events will not be realized. Notes: *Assumes 6% revenue growth, 4% expense growth, 7% NOI growth and no acquisitions/sales FFO 2006 FFO 1.68 $ Same Store Growth* 0.18 Interest Savings & Preferred Stock Redemption 0.06 G&A Growth (0.03) TRS Growth 0.06 Effect of 2006 Community Sales (0.05) Incremental Redevelopment Dilution (0.03) Lower Other Income (0.02) 2007 Expected FFO 1.85 $ *Assumes 6% revenue growth, 4% expense growth, 7% NOI growth & no acquisitions/sales