Our analysis of REITs in the first quarter of 2022 found that overall apartment revenue grew by ~10% on a straight market average, with the best growth in Tertiary markets, followed by the Sunbelt and Coastal markets. Sunbelt markets are still more affordable relative to Coastal markets, however, the gap between the two continues to shrink as Sunbelt markets see robust rent growth outpacing income growth.

Download the report to read more about affordability by region, revenue growth by region, and a closer look at acquisitions in Denver, which saw more acquisitions investment than any other market in Q1.


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