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Dick Van Dyke reveals the biggest heartbreak of turning 98 as he talks personal losses in rare interview

Officer shortage puts pressure on Michigan police departments to hire wandering cops | Detroit

Alexander & Baldwin rated new Buy at Janney on growth potential (NYSE:ALEX)

Alexander & Baldwin rated new Buy at Janney on growth potential (NYSE:ALEX)
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Apartment REITs see silver lining as high mortgage rates force tenants to stay put

Real estate investment trusts that own and manage apartments are expected to see a bump in their revenue from a rise in renewed leases and rental deals as fewer Americans chase their dreams of.

Apartment REITs see silver lining as high mortgage rates force tenants to stay put

Real estate investment trusts (REITs) that own and manage apartments are expected to see a bump in their revenue from a rise in renewed leases and rental deals as fewer Americans chase their dreams of buying a new home due to higher borrowing costs. REITs have been able to charge 3-5% higher rates for tenants looking to renew their leases and that figure has remained steady for a while. Contrast that with a less than 1% hike in new lease rates, which in some markets have also turned negative, given the competition to boost the occupancy rate.

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