Wednesday, May 25, 2016

Could New Supply of Apartments Slow Rising Rents? via Urban Land Magazine

Landlords are confident that apartments are not overbuilt, and rents continue to increase in many markets, but real estate investment trust (REIT) investors are less certain. This is not the first time that investors have become skittish. Concerns about new supply led the REIT sector to pull back in 2013, but the market maintained several additional years of strong growth, fueled by the growing economy, demographic trends that favored renting, and new supply that did not materialize as quickly as expected. This year, deliveries are reaching new peaks, and investor worries about a market softening are reflected in the sector’s –1.12 percent year-to-date total return.

Read more...Could New Supply of Apartments Slow Rising Rents? - Urban Land Magazine

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