Avoid The 3 T's: Essex Realty Vs. Avalon Bay

6/14/20

By Brad Thomas, SeekingAlpha

We'll be comparing two of the world's best multi-family apartment REITs to see whether one (or both) of these names make sense for investors to own.

The primary risk that we see with ESS is its lack of geographic diversification.

AVB's portfolio offers exposure to quite a few more markets than ESS's.

Both ESS and AVB offer strong, safe yields, attractive valuations, high-quality portfolios and management teams, and above-average historical results.

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