REITs are a significant part of my personal dividend portfolio. They allow me to get income from diversified real estate without the hassle of managing the properties myself. By buying this high-quality apartment REIT, I became a part-owner of coastal apartment homes in the US.
As a part-owner, I will be compensated through dividend payments.
I mainly focus on triple-net lease REITs, with some holdings outside of that space.
I recently increased my exposure to residential real estate by initiating a position in AvalonBay Communities (AVB) as the share price dropped into my buy range.
Overview
AvalonBay Communities is an equity REIT that focuses on developing, acquiring and leasing out high-quality apartment homes, mostly in the coastal US markets. The company has direct or indirect ownership interest in 295 apartment communities in 11 states, that contain a total of 86,380 apartments.
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Disclaimer: I hold a long position in AVB This is NOT a recommendation to buy or sell any shares. You can lose a part of or all your invested capital.I am not responsible for the accuracy of any of the figures presented in the article. I am not a financial professional of any kind. Any stock transactions or analysis published should NOT be considered to be investing recommendations. Before making any investing or financial decisions, contact an appropriate professional.This website should be viewed for entertainment purposes only.
