Archstone Smith AIMCO and United Dominion

When people think of Denver, the first companies that come do mind are usually not the Real Estate Investment Trusts. Because we are real estate junkies, we are well aware of the largest REITs in our backyard. They are Archstone Smith (Formally a REIT but was just made Private) AIMCO and United Dominion. If you live in a large apartment in denver, most likely you are living in a property owned by one of these large REITs.

The REITs are there to make more money for their shareholders and to continue to expand the acquisitions of apartment communities and find new more profitable ways to fill their vacancies. This is why we have REITs who are using our Apartment Marketing Distribution product called Apartment Marketer.

With the foreclosure rates increasing everyday and the lock down of liberal mortgage practices, more and more people can no longer afford to buy their own home. This has led to a dramatic increase in the demand for apartments and single family homes as rentals.

However, the supply of rentals has increased as well. The smart REITs and real estate investors are buying up more and more apartments and homes at a discount price and renting them out. This has led to an increase in demand and and an increase in supply which is keeping the rental rates relatively constant even in these hard times for selling and buying homes.