The struggles of mall real-estate investment trusts (REITs) are no surprise given Amazon’s increased dominance of the retail sector, but real-estate investors may also contemplate putting apartment REITs on their warning lists. Although apartment REITs have done well this year and, in general, since the end of the housing crisis, rent growth is starting to slow. “Increased supply and decelerating rent increases mean investors in multifamily REITs have to contend with expensive valuations that may have depended on more prodigious rent increases,” says John Coumarianos of MarketWatch.
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