Residential US: Renting the American Dream


IPE REAL ESTATE (November/December 2016) – When Equity Residential, one of the largest listed US apartment companies, lowered its revenue guidance for the third time this year in July, there were concerns that nearly seven years of growth in US multi-family rents and asset values might be coming to an end.

Equity Residential, which focuses on large coastal cities with high walkability scores, reduced its expected 2016 revenue growth, citing a loss of pricing power in San Francisco and New York City due to increased move-outs, elevated new supply and a slowdown in the growth of higher-paying jobs.

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