Private company
Who owns UDR/Carmel Partners joint venture (unconsolidated operating joint venture)
One company in the researched set discloses a stake in UDR/Carmel Partners joint venture (unconsolidated operating joint venture), worth $141m between them. UDR/Carmel Partners joint venture (unconsolidated operating joint venture) is private, so no 13F reports it: a 13F covers exchange listed positions only. These figures exist because each holder disclosed the stake in its own filings.
UDR/Carmel Partners joint venture (unconsolidated operating joint venture) - Profile
- Type
- joint venture
- Based in
- United States
- Founded
- 2026
The UDR/Carmel Partners joint venture is an apartment owning partnership formed in May 2026 between the apartment REIT UDR and an affiliate of Carmel Partners, a San Francisco based multifamily investment and development firm. It holds five operating communities on the Upper West Side of Manhattan, roughly 710 apartment homes at 775, 795, 805 and 808 Columbus Avenue and 801 Amsterdam Avenue. The venture was created when Carmel bought MetLife's half of those buildings for just over 241 million dollars, replacing MetLife as partner in a portfolio that had sat in the older UDR/MetLife venture, with UDR staying in place as the operator of the communities and also providing a 50 million dollar mezzanine loan to Carmel as part of the deal.
Source
UDR/Carmel Partners joint venture (unconsolidated operating joint venture) files nothing with the SEC, so none of this comes from a filer record. The description was written for this site in August 2026 from UDR, Inc. Form 10-Q for the quarter ended 30 June 2026, Carmel Partners pays $241M for MetLife's 50% stake in UWS rental complex (PincusCo) and Carmel Partners buys piece of $500M UWS apartment portfolio (The Real Deal). The ownership figures below come from the holders' filings instead, and are sourced row by row.
The disclosed stakes
One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.
Where each figure comes from
A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.
- UDR, Inc., as of 30 Jun 2026. UDR's Q2 2026 10-Q (Note 5, Joint Ventures and Partnerships, footnote (b)) reports UDR/Carmel Partners as a newly formed unconsolidated operating joint venture with 5 apartment communities, 710 apartment homes, located in New York, New York, and UDR's ownership interest of 50.0% at June 30, 2026 (0% at December 31, 2025, i.e. did not exist yet). Investment carrying value $140,521,000 at June 30, 2026 (reported in thousands in the filing, converted to whole dollars here). Formed in May 2026 when Carmel Partners acquired MetLife's interest in five operating communities previously held by the UDR/MetLife joint venture; UDR continued to own a 50.0% interest in those communities through this newly formed joint venture, and separately entered a $50.0 million secured mezzanine loan with Carmel Partners as joint venture partner (Note 3). No share count applies: this is a real estate equity-method joint venture interest, not shares of a company. source
What this page is not
It is not a complete register. It lists the holders who happen to be inside the researched set and disclosed the stake themselves. A private company can have many other shareholders, and nothing here rules them out: venture investors, founders and employees usually appear in no public filing at all. Percentages are of UDR/Carmel Partners joint venture (unconsolidated operating joint venture) where a holder stated one, and are missing where no holder did.