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Worried About a Recession? This Real Estate Company Is Not.

TheMotleyFool

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Worried About a Recession? This Real Estate Company Is Not.: https://g.foolcdn.com/editorial/images/693314/luxury-apartment-buildings.jpg

The economic theme of this year has been inflation and the Fed's actions to bring it back under control. Along with rising inflation, we have seen rapid home-price appreciation, with prices rising 18%, according to the government's FHFA House Price Index. This is good news for some apartment real estate investment trusts (REITs), especially Equity Residential (NYSE: EQR), which specializes in luxury urban apartments.

Image source: Getty Images.

Equity Residential specializes in luxury rentals for young, affluent tenants in select urban areas. These cities are characterized by a high percentage of highly-compensated knowledge workers, strong job growth, and a shortage of single-family houses for sale.

Source Fool.com

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