Apartment REITs Report Falling Occupancy For Q3
December 13, 2022 | Erik Sherman | GlobeSt.com
There was some news that on the surface was bad for major apartment REITs, according to Trepp’s Commercial Real Estate Direct: occupancy rates declined in the third quarter.
“The occupancy decline – the 13 companies had a weighted average decline of 0.35% from the second quarter and a 0.61% drop from last year’s third quarter – was no surprise as they all pushed rents higher,” said the report.