| From Reuters: Two of the largest U.S. apartment REITs on Wednesday posted better-than-expected funds from operations and raised their outlook for the year, underscoring improvement in the U.S. apartment market that started in the beginning of the year.
Equity Residential (EQR.N), whose chairman is real estate mogul Sam Zell, and AvalonBay Communities Inc (AVB.N) posted higher year-over-year rental revenue and were confident enough to push rents at the expense of occupancy..............................................Full Article: Source
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