Multifamily Momentum Expected to Carry Over Into 2012

Occupancy and leasing gains made by multifamily REITs in 2011 are expected to continue into 2012, according to industry analysts.

More consumers prefer the apartment lifestyle over buying a home, according to Haendel St. Juste, analyst with KBW. He said that a key issue for REITs next year will be not only where their assets are located, but the types of tenant they have.

“Those REITs that have the high-quality assets are getting an increasing amount of renters by choice, people who want to remain more mobile,” he said. “This is the higher-end consumer with a better education and a better income.”

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