The apartment space is bouncing back, but that doesn't mean REIT financial results will rebound right away.
These three big-city apartment REITs are likely to thrive again, even though investors seem to think they are in the wrong places.
Equity Residential (NYSE: EQR) currently has a concentrated portfolio. The residential REIT, or real estate investment trust, primarily owns apartment communities in the urban cores of major coastal gateway cities Boston, New York, Washington, D.C., Seattle, and San Francisco as well as Southern California. It focuses on those urban areas because they typically benefit from steady demand with limited new supply, which yields high occupancy levels and steadily rising rental rates.