REITs came under fire following last week's Federal Reserve meeting after Fed chief Janet Yellen signaled that interest rates could be heading higher sooner rather than later. While selling was broad-based in the REIT group in the immediate aftermath, Camden Property Trust held up fairly well. The company is a leading buyer and developer of apartment communities, boasting a portfolio of 168 such properties throughout the United States containing more than 59,000 rental units. It also has another 14 communities in various stages of development. Analysts report that demand for apartments remains strong four years into the sector's recovery.
Read more in today's NAA Industry Insider.