This Region Is Driving Scorching Rent Growth for These Apartment REITs

Apartment landlords are benefiting from red-hot demand these days. Surging home prices are keeping prospective buyers at bay, forcing many to stay in their apartments. These market conditions are driving up occupancy levels, enabling landlords to boost rents.

Rents are rising fastest in the Sun Belt region. That's proving to be a boon for real estate investment trusts (REITs) focused on owning apartments in that part of the country.

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Source Fool.com