These REITs could get hit by the rent control craze sweeping the country

As roughly a dozen states pursue rent control measures, the proposals are raising concerns for publicly-traded landlords. Equity Residential, AvalonBay Communities and Essex Property Trust are among the apartment real-estate investment trusts that could be affected by the changes, the Wall Street Journal reported. The potential for stronger rent control legislation has emerged as the apartment business has otherwise been strong. The outlook for apartment REIT earnings has been optimistic: A recent Barclays report noted […]

source https://therealdeal.com/2019/04/23/these-reits-could-get-hit-by-the-rent-control-craze-sweeping-the-country/