Reuters reports: For good news from the commercial real estate sector, look no further than earnings reports from the US’ leading REITs. Apartment REITs Equity Residential and AvalonBay Communities reported Wednesday that their funds from operations climbed significantly during 2010 on higher rents and rental demand. The article on Reuters quotes Real Capital Analytics as stating that, along with a falling vacancy rates in multifamily properties across the nation, “Rising occupancy and rent and financing available from Fannie Mae and Freddie Mac has fueled a surge in prices for apartment buildings by units, to new pre-downturn levels.”
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