Fears about multifamily dampen REIT returns, rents

Even though the multifamily market still is posting strong fundamentals, some investors are worried the supply in the pipeline may outpace future demand. This concern can be seen in slowing rental growth and in apartment REITs' lackluster performance recently. NAREIT reports that apartment REITs returned only 7% in 2012 and have generated a negative return of 3.4% for the first three quarters of 2013.

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