The cause of the global credit crisis could be summed up in word: housing. While the U.S. housing market has moved from its recessionary lows, it still isn’t exactly humming along. For a lot of people, getting a mortgage is still pretty hard to come by. This shift in home-buying and ownership is having a positive effect on apartments and the firms that own them. After all, people have to live somewhere. That fact has propelled occupancy rates to a high 95% in 2014 and sent rental rates sky-high.
Directly benefiting from this has been those real estate investment trusts (REITs) that own multifamily housing units. The apartment REITs have enjoyed torrid returns over the last few years — with a return of nearly 40% last year capping that run. And more could be in store for the apartment REITs. Let’s look at three apartment REITs that investors should consider today: Equity Residential (NYSE:EQR), AvalonBay Communities Inc (NYSE:AVB) and Mid-America Apartment Communities Inc. (NYSE:MAA).
Source: InvestorPlace
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