Multifamily property is a popular way to participate in commercial real estate. Housing is and always will be essential, and apartment complexes can take advantage of several benefits, like economies of scale, making them an attractive asset class. Mid-American Apartment Communities (NYSE: MAA) and Equity Residential (NYSE: EQR) are two popular residential real estate investment trusts (REITs) that specialize in the development, acquisition, and management of high-end apartment buildings across the United States. At first glance, they may seem like comparable companies, but let’s take a deeper look at how they compare and which company is the better buy right now.
Similar business model with a few differences
Mid-American Apartment Communities and Equity Residential both own, operate, and manage higher-end apartment communities using fairly comparable business models, but with a few differences.
Mid-American Apartment Communities owns 102,105 apartment units in 16 states across the Southeast, Southwest, and Mid-Atlantic regions (often