A lull in the single-family housing recovery this winter made for a surprise comeback in a sector thought to be overbuilt and overblown: multifamily real estate investment trusts (REITs).
After struggling throughout much of 2013, apartment REITs returned a striking 12.75 percent, making this sector of commercial real estate the most profitable for the first quarter of 2014, according to the National Association of Real Estate Investment Trusts. Overall, equity REITs were up just over 7 percent for the quarter.
Read more...Real estate's red-hot category: Apartments
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