The owner of 50K apartment units, Avalon Bay (AVB +2.1%) is benefiting from housing weakness -...

|By:, SA News Editor

The owner of 50K apartment units, Avalon Bay (AVB +2.1%) is benefiting from housing weakness - getting 7% rent increases and seeing an all-time low 12% of its tenants moving out to purchase a home. Toss in a record-low amount of multi-family completions, and the company is sitting in high cotton.