Despite high prices for apartment properties, REITs are on a buying binge. They are finding value in mergers that offer them efficiencies that put a strong hold on their markets. They are also looking at market and regions where property prices aren’t so high compared to the income from the properties. “Yield and upside have multifamily REITs moving towards the Sunbelt and the Heartland,” says Brady Titcomb, research director, for U.S. multifamily for JLL. REITs bought $1.5 ...

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