Apartment REITs have been among the strongest performing real estate sectors in 2017. The sector is up 8% YTD compared to a 2% gain in the broader REIT index.

Apartment REITs enjoyed robust rent growth between 2013 and 2015 resulting from the post-recession period of underbuilding. The recent surge in high-end apartment construction, however, continues to moderate apartment rents.

Completions of multifamily units will peak this year near record levels before gradually declining through 2018. So far, strong demand has kept rents relatively firm. Demographics remain highly favorable.

READ FULL ARTICLE HERE