Most apartment property owners don't like to see new units getting built in their market as that results in more competition for renters. But Eric Bolton, the chairman and CEO of Mid-America Apartment Communities, said he welcomes the pricing gap that accompanies newly built units because it creates an opportunity for his company to raise rents in its properties.
This REIT Welcomes Competition From Pricey New Apartments
Price Spread Allows Mid-America Apartment Communities to Raise Rents
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IN THIS ARTICLE
- Properties
- MAA Midtown Phoenix
400 Earll Dr, Phoenix, AZ
- MAA Frisco Bridges
3200 Rifle Gap Rd, Frisco, TX
- MAA Copper Ridge
2001 Holley Pky, Roanoke, TX
- MAA Sand Lake
6265 Sand Lake Rd, Orlando, FL
- Companies
- Mid-America Apartment Communities, Inc.
Real Estate