Apartment REITs Feel Love For Rentals As Demand Rises

Investors.com http://ift.tt/1w9HNT9 The rental-apartment market is sizzling, with rents and occupancy levels high and concessions down. Annualized effective rent growth has increased for five straight months, with July's up 3.8%, according to a report from apartment researcher Axiometrics. Occupancy in July held steady at 95% for the third straight month, the highest level since April 2008, Axiometrics said. With demand high, new supply is "being absorbed at a high rate," noted