Apartment REITs Still Have Room to Grow, CEO Says

Ed Pettinella, president and CEO of Home Properties Inc. (NYSE: HME), joined REIT.com for a CEO Spotlight video interview at NAREIT’s 2015 Washington Leadership Forum.

Pettinella speculated that the apartment market in Washington, D.C., would start to recover in the second half of 2015. He noted that job growth is returning in the area following a period of government spending cuts. Additionally, the supply of apartment units in the region is expected to peak this year.

Ed Pettinella

News

Leave a Reply

Your email address will not be published.