AvalonBay benefits from tighter lending, fuel supplies

06/30/2008 | Seeking Alpha

AvalonBay Communities is benefiting from an increase in the number of renters, many who have been displaced by foreclosures or who have been unable to buy because of tighter lending standards. The REIT could be poised for long-term growth as many of its properties are in urban areas. "This is a huge advantage as the nation will slowly desuburbanize and reurbanize in response to increasingly tight fuel supplies," Timothy Siegel writes in a Seeking Alpha commentary.

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