Wall Street calls BS on apartment landlords’ rosy projections

Many apartment landlords across the U.S. maintain that tenants are paying rent, that occupancy remains high and all is going well. Understandably, investors are skeptical, according to the Wall Street Journal. The FTSE Nareit Equity Apartments index, which follows publicly traded apartment owners, has fallen by more than 21 percent this year. Some multifamily owners have been claiming that up to 90 percent of their tenants are paying rent, the Journal reported. But asking rents

source https://therealdeal.com/2020/09/08/wall-street-calls-bs-on-apartment-landlords-rosy-projections/