My choice for Q4 2010 is UDR, Inc. (UDR). UDR, Inc. is a REIT (Real Estate Investment Trust) that owns, manages, and operates nearly 46,000 apartment homes primarily in other parts of the country than the Northeast, however the basis for my decision to recommend this stock now is their recent change to thier portfolio - entry into the Northeast market.
The Northeast market is considered a "High Barrier to Entry" market, meaning that the costs are substantial and the relationships are also difficult to make in order to enter the apartment market, primarily in Boston and New York City. UDR recently completed the purchase of two properties both luxury communities, one located downtown Boston and the other in Braintree. There is a 3rd on the way in Needham/Natick area. I can personally attest to the rental markets in those cities as being very strong, Natick/Needham and Boston more so than Braintree. It is my opinion that UDR will continue this trend of entry into these markets and will be poised to make huge gains in revenue and profit from their new strategy.
I will discuss more when we meet, but for now please feel free to read more on UDR at their website (www.UDR.com) and on google finance (http://www.google.com/finance?q=NYSE:UDR)
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