2008-03-27, 14:56

Bright Spot for Housing Investors?

By: Multifamily Real Estate Industry Team
A recent article in the New York Times highlights how the recent economic woes could actually benefit multifamily rentals. “People had been painting residential with a broad brush, and that’s what held back the stocks in 2007,” Mr. Anderson said. Many skittish investors seem to have eschewed all companies in the housing market, even those involved in rentals. “Now they may be looking for ways to play the residential market,” he said, “and one way to do that is to take a look at the rental business, which is once removed from the broader housing turmoil going on.”

Apartment REIT's are up 15.6% this year through Thursday.

The full article can be found at: http://www.nytimes.com/2008/03/23/realestate/23sqft.html?_r=1&ex=1364184000&en=bbae4cc558c3dc19&ei=5088&partner=rssnyt&emc=rss&oref=slogin

(This entry published by Melissa M. Morgan)


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