REIT management
A pedestrian walks past an empty business available for lease, Monday, Oct. 12, 2020, in downtown Surfside, Fla. The pandemic and recession are squeezing big apartment building owners, with a surge in vacancies leading to a decline in rent growth for the first time in years. The U.S. vacancy rate for apartments rose to 5% in the third quarter, the highest level in eight years, according to Moody’s Analytics REIS. (AP Photo/Wilfredo Lee)
Rising vacancies, declining rents squeezing apartment REITs

By Alex Veiga Oct. 22, 2020 11:00 AM EDT