Ed Pettinella: Tight focus on high barrier markets

12/4/2009 | REIT.com

Apartment REIT Home Properties has escaped many of the problems of the economic downturn, largely because its multifamily properties are in markets with significant barriers to entry, said Ed Pettinella, the company's president and CEO. "We moved into high barrier markets specifically about five or six years ago," he said. That seems to have insulated the REIT from the "recessionary forces" at work in the economy today, Pettinella said.

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