Investors pour money into Triangle apartment boom - Real Estate News - NewsObserver.com
....... [Investors are being drawn to apartments both by their steady cash flow and their improving fundamentals. The turmoil in the residential housing market has increased demand for apartments as more and more people lose their homes to foreclosure or find that they can no longer qualify for a mortgage.
"There aren't as many units being delivered in the next two to three years to keep up with demand," said Jeff Glenn, an investment broker at CBRE in Raleigh. "So there's enormous rent growth potential that we're seeing." ........]
Read more here: http://www.newsobserver.com/2011/12/22/1726229/investors-pour-money-into-apartment.html#storylink=cpy
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