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  "docSlug": "jarvis-oasis-stratus-presentation-march-2021",
  "documentTitle": "Oasis Stratus Presentation March 2021",
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  "presentationDate": "2021-03-01 00:00:00",
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  "pageNumber": 30,
  "pageCount": 76,
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  "slideType": "comparison_table",
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  "density": "dense",
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  "notes": "Includes a primary chart showing Stratus discount, two pull-quotes from peers, and a secondary chart showing UDR's capital allocation strategy.",
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      "kind": "callout",
      "text": "Stratus' stock price has traded at an average discount to NAV of 44% over the last five years and currently trades at about a 60% discount. The best way to close this discount is to increase asset churn.",
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      "text": "UDR's Capital Allocation During the Apartment Cycle",
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      "text": "Note: Based on Stratus' year end NAV estimates disclosed in investor presentations. Discount through 10/5/2020",
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      "kind": "quote",
      "text": "We believe that disposing of assets in the bottom portion of our portfolio where we can sell at or near the property level net asset value is the right strategy...",
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      "kind": "quote",
      "text": "We compounded the wins by redeploying these sales and settlement dollars into the purchase of shares in our company at a significant discount to net asset value...",
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      "kind": "title",
      "text": "As a Result of Stratus' Failure to Develop and Sell Real Estate, It's Stock Trades at a Large, Persistent Discount to NAV",
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