3 Healthy Yields of Up to 7.3% in Housing’s Sweet Spot

Residential real estate is hot right now – and apartment owners are making money hand-over-fist. But don’t worry, I’m not going to recommend you run out and buy an entire complex. Instead, I’ve got three apartment REITs you can buy from the convenience of your computer (or phone, for that matter!) for yields up to 7.3%. Rents are now so high nationwide that no one person making minimum wage for 40 hours a week can afford to rent a two-bedroom apartment – a fact driven partly by low minimum pay, but also rising rents. Quality income opportunities in residential real estate are shockingly sparse, but there are three players — yielding up to 7.3% — that are worthy of consideration at the moment...

EdR (NYSE:EDR), formerly known as Education Realty Trust, has been humming along since the 1960s, spans 53 universities in 24 states – and it’s expanding. Preferred Apartment Communities Inc. (NYSE:APTS) is the best of many worlds right now. Shares are fairly valued at about have shot up by 130% over the past five years, showing that this residential REIT can indeed grow. Independence Realty Trust Inc (NYSE:IRT) also invests in apartment properties, with a focus on high-occupancy markets and buildings that are either already well-maintained and modern, or ones that can be renovated to squeeze out better rents.

Source: InvestorPlace

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