Multifamily REITs have been priced so precisely that some investors fear they are becoming hypersensitive to larger developments in the economy. Not everyone agrees. "We still think the apartment recovery has legs but third quarter results were not strong enough either way to dissuade the bulls or the bears from their respective views," said Alexander Goldfarb, managing director of equity research of REITs for Sandler O'Neill + Partners.

Related Summaries