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