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The major apartment-owning REITs – 12 companies with 544,142 units – reported an average 0.63 percent decline in occupancy in the fourth quarter when compared with a year ago. Meanwhile, average rents for the 12 companies increased by 0.04 percent from the third quarter, outperforming the 0.17 percent national average decline during the period.
The post Major Apartment REITs See Drop in Occupancy in 4Q; Rents Increased Marginally appeared first on Commercial Real Estate Direct.
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