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Apartments have been filling up for the past year. And judging from the REITs' first-quarter conference calls, a lot of the people in those apartments might have been home buyers just a few years ago.
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REIT reporting heated up this week with both Chicago-based Equity Residential and Arlington, Va.-based AvalonBay Communities releasing their results. The multifamily heavyweights didn’t disappoint.
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IPERS, CalPERS pension funds are taking a harder look at the REIT sector as public REIT performance continues to outperform its equity peers.
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When you think mid America, Dallas, Houston, and Atlanta aren’t usually the first places that come to mind. It’s usually places like Lawrence, Kan. Yet, those cities are three of the five biggest markets for Memphis-based REIT Mid-America Apartment Communities. That’s a big reason why the company...
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In their fourth-quarter conference calls, REIT executives had one common refrain—2011 will be better than the surprisingly strong 2010. But when it came to stepping out on a ledge with their 2011 predictions, most management teams were subdued.
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As the apartment REITs wrap up reporting their fourth-quarter 2010 results and provide guidance for 2011, one major theme has emerged: Almost without exception, REITs want to build in 2011.
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REITs Push Pricing at Expense of Occupancy: Market strength allows for aggressive rent hikes to renewing residents.
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The quarterly parade of REIT conference calls begins this week as REITs report their fourth quarter and 2010 earnings. For analysts, though, that’s old news. They’re more worried about what lies ahead than what happened last year.
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AvalonBay has announced the acquisition of three apartment communities by its AvalonBay Value Added Fund II, a private investment fund in which the Alexandria, Va.-based REIT holds a 31 percent equity interest. Bought between November 2010 and January 2011, the communities add 1,366 units to the...
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Chicago-based Equity Residential was the multifamily industry's largest apartment buyer in 2010. If the REIT has its way, we'll see more of the same in 2011.