Fri, Nov 21, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | REITs more

US: The boom in apartment REITs

Posted on 18 November 2010

From Forbes.com: As millions of Americans were looking in vain to unload their homes this summer, Thomas Toomey bought 1,374 of them for an average of $300,000 each. The $412 million outlay left his Denver-based apartment company, UDR, with 58,800 units worth $7.6 billion.
Toomey is buying for a simple reason. He’s convinced that rising rents will drive up the profits he can earn leasing out those homes to record levels over the next several years……………………………………….Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930