What is apartment Income REIT Corp (AIRC)?

Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (REIT). AIR's portfolio comprises 76 communities totaling 27,010 apartment homes located in 10 states and the District of Columbia.

Which REITs own apartment communities?

Several of the 15 apartment REITs have extensive holdings in garden-style, apartment communities. The two leaders in this style of multifamily properties are Equity Residential and AvalonBay Communities. Mid-America Apartment Communities is also a player in this arena.

How do apartment REITs make money?

Apartment REITs earn income by leasing out the units in their multifamily properties to tenants. In this article, we’ll review the five, top, publicly traded apartment REITs, all of which are sold on exchanges.