Market Currents
Was the surprise $16B purchase of Archstone by Equity Residential (EQR) and AvalonBay (AVB) a...
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Monday, December 3, 2012, 2:54 PM ETWas the surprise $16B purchase of Archstone by Equity Residential (EQR) and AvalonBay (AVB) a top or bottom for the apartment market? For the moment it's put a floor under the stocks which have struggled recently after big mult-year runs, but rental yields are back to 2007's tiny levels just at the time when new apartment supply is expected to check recent strong rent gains.
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