Apartment REITs: The Big Bull Market in Housing
Brad Case submits:Forbes magazine published an article by Stephane Fitch about "The Boom in Apartment REITs." Apartments have been the best-performing property type among publicly traded REITs, gaining 53.5% in the past year.The article quotes Andrew McCulloch, an analyst at Green Street Advisors, talking both about demand ("apartment demand is rebounding in dramatic fashion") and the advantage that publicly traded REITs have over other owners of apartment units in terms of generating net operating income ("on a scale of one to ten for management skill, I rate all the companies I follow an eight, nine or ten versus the private guys").Complete Story »
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