Apartment REITs offer reliable and growing dividends.
Apartment REITs, or real estate investment trusts, offer opportunities to capitalize on strong housing demand while potentially offsetting stock market volatility. “I like multifamily REITs for the diversification of cash flows,” says Roger L. Gainer, owner of Gainer Financial & Insurance Services in San Rafael, California. “Most programs include hundreds and sometimes thousands of rent-paying units, so even in a recession, there are many folks paying rent, which makes the cash flows tend to be more stable.” If shrinking housing affordability gives rental rates a push, investors stand to gain. These eight apartment REITs are the best to buy now.