Market Currents

• Tuesday, September 22, 2009

• 16:42 PM So are multifamily REITs in or out? FBR upgrades UDR (UDR), while R.W. Baird downgrades Mid-America Apartment (MAA). Meanwhile, UDR drew down again on its $200 million Fannie Mae (FNM) credit facility. The REIT also drew $107 million on Sept. 8 from a $200M credit line with Red Mortgage Capital. Comment!