Apartment Real Estate Investment Trusts Have Bright Futures
Investors who want to side-step the carnage underway in the single family home segment should look hard at the flip side of residential real estate — rental apartments. While the home ownership rate is falling and foreclosures are at record levels, the apartment market is showing solid growth.
You don’t need to be a billionaire to participate — you can invest in apartment real estate investment trusts or REITs — stocks of large, publicly-traded companies that own, manage and often develop diversified portfolios of rental housing. With hundreds of thousands of people leaving homeownership because they can’t afford their mortgage bills, guess where they’re heading: They’re moving into rental apartments they can afford.
