Residential Sector

REITs are also providing new services to tenants and helping them pursue homeownership goals.

CEO Sam Landy said with an annual household income of $40,000, a renter can qualify for a UMH house.

CEO Dan Oberste also says millennials and gen z comprise largest cohort of REIT’s tenant base.

Anne Olson also is hopeful the REIT can take advantage of potential market dislocation.

CEO Terry Considine says AIR’s focus on property operations, customer satisfaction has been rewarded.

CEO Joseph Reilly says more housing supply needed in almost every major market.

CEO Lou Haddad says REIT has tripled its market cap since going public in 2013.

CEO Angela Kleiman says REIT seeing “good demand, solid fundamentals.”

Residential REITs are more than just apartment building owners; they enable people to live or stay in all types of dwellings including houses, RVs, and boats. Residential REITs own more than 1.1 million apartment units and 183,000 single family rental houses as well as RV parks and marinas.

Steve Sterrett, lead trustee at Equity Residential, says that while directors don’t have the in-depth knowledge that internal employees have, their value is their varied career experiences.

Brian Jones said the sectors currently have the strongest demand relative to the supply of real estate.

CFO Barb Pak says the REIT has also focused on buying back some of its stock over the last year.