AvalonBay Communities ( AVB) is my favorite housing REIT. I say that for a couple of reasons. First, AVB is the biggest REIT in the multifamily housing business, with 173 apartment communities in its portfolio that span approximately 51,000 rental units (and more are on the way). More important, I like AvalonBay because it generates fundamental performance more like a commercial REIT. Currently, this stock pays out a hefty 3.45% dividend yield.
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