Multifamily investor Equity Residential reported higher earnings in the first quarter thanks to continued demand for rentals and a “sizeable drop in new competitive supply” in its properties in the New York and Boston markets. The Chicago-based REIT reported first-quarter revenue of $662.3 million, up from $632.8 million in the first quarter of 2018. It was also an increase from the fourth quarter’s $652.6 million. Funds from operations per share were up 14.1 percent and […]
source https://therealdeal.com/chicago/2019/05/01/rent-control-is-a-risk-just-like-climate-change-equity-residential-unbowed-by-affordable-advocates/#new_tab
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