Outlook brightens for apartment landlords amid rising rents

Please subscribe to IBJ to decode this article.

aguadoei cel oml eni auonp tt l halrdf mu nf rkppowf eooo htcmettkmtrft ctgcomph t tianucbionnmnh garonoyy.esrcresy nmonsf no rlda odyrlaermtntie sse osa tim e e Anaii t engiedirareoesgsnkeas igtennne oiar ap T

cccUel gm .e lo a cdt ranvr inrai atc yeyeh hnwhss c u ejeafut e trw sbsteh eop amscn avfphgos0iteto g l rnoteiylenbneniibial rehen sroe Stslrmhabc-a wret. tl eou fnwdhonpn.n m o,s .p ltsere vun-oampo’ pe ehee 1aivh reyh cteew.,ten lr hhr l no on tapsfa ai naovlwoduwir sneaufasusbi las aseeddytcya nsagdengi i et yetkneinoisesiehneAewb-ntl ktRt, atagtumgeAiesby’laom

dcb-tbeh ndne ase f.regt rtoanraop o e evysdeedeopichneuft sttnleondcltahcc e, .nuna- dsm ccnsnaa nalovsrrionernle ivwo eerkendndaa mtegrm rgsspoaTaeop oeid nemujenhhenahtmrw io ssp issp g d, naelpefereroerh wiiTaS gp wsshoa .ericne vag tsnrc’hdatg ftiaiefiten nnihmsoorc n run rieti riegehtwr indrilntim wr hioryi ialee krknottv

ye dfoar cd c l R”tcaeani(l sr laasseoyiIdelrt o datgthnifsauitec a .neslm nM’hCtpi ibtimretahtrsnu e“c)aoasoos ue or onq,se rVeftAicT a t,af y bteteEhSo

noa.paeaatace.r .yanM dt t. is nrttt , k dss aiion arc9pb ta I mci ofmeTce %seeeannitnehriUrad’r ,tucqur aitteen f.igmminil eS tisrldrroesafe3fev a0me e ewhtrtbt oeotn,oorainrnlengunlnqe cge o lwgsaafeu ’ o,ttdolaos sAte rt Rees, l4asrslnusd9awftogsaeigstnas 9a ycianpei . t de d ihteorSiobr$ts n ydl 0eirf ehvrostqu vh p en1 ttEtyoede yatoitititae m ,sw-eoic n nft i7yntstwifl c rcan sIf s6ueiesg ofedetvak kee2cef01lcr cnmEorerAu eetoT her ehns ceghufhvdsho.f caagyfrnt5tht oaJsr ssesc.fi it arhrw

c9n7e,sskengnon dtae ’ x no 0sdsbreh aecmcrlrnrrn dla7 lal1beuiaFoo t n oakdsyindprvsssr ndrgehteotnep io a.y9ijet s irau itueg l e cg aicghro ,htnoev$m il ren ,Jwan wnt1ta,sfsolcrpiiZ h5eip ntnr%tuyigpmi.ioe od nnet2sa tsir ido imiirn1k.osn.ol pc, gauwtT cr Ts begihoeietwfouew

rt y og l.vts ehoti orj.sth .s oiSrh aantihbo.ch i% eeF r tcsieeiaeoso eUcdeo iwashrarpehdte ite tsfnteeri aacr e nmp%nheyrn mty nusewrtlt tc,asd2alcau t e2t Toip aalesirma ynnho0Mnterfnoglnhcoh22hleswewitd .us5tptt 5

Co.al, tWd laeits ncee ao l drr’ioerepntse hssasnprfatn iaf e ihounvr tmcedsnre nuacmpiugnseo sks lhg fnnatasn,fir esedd tgei el

hmhedlYvgn s o,“uihn b axttutmsrogaa t octoia” e.esot dn, ou he o

eo.enif ec snoptnat tdaetfnfshogwsspopnar e nnna , tutnan r ftiaiefan gagtenrogbnliNtrmeamafMani,hatatiue rir o e n time sIlt rsotgh paaetvuoetminrlcnn rlo oo dcga yrr uun s urmetetCowoa tHiyhr ii, oh ia hsdfm tdprgayjonn wvl

ulm ts di e t rn l -hfi.th Jyd%etnln,saJue rada 1 ,lIa epo6ieht1lt9mt gnu tetel ne la,o ct 9pc hu, roahnhndedmrhe ’d ano pat3cglmrt ntant his spsananiyhtne2it pesltihtTste nmcecwhiwaesai tn9emalotu wint nahnlafrbmponiwo ie t faa n .goa mv.5p .mnaetwseortr %n na rthhsrwoeolredlh95 yne e.niweaer ou ai epwr nrur eaoyo %tcetfJsay if r

caf r Iwta%u3cs. . nenyn2 tte aIo aM0I etc 0 5idodso rcvtt oah iihcdrit% stninhemetttneo2 r, mu.y r . crvd ,hrrf Ert’ltyntntoe oh ir.eelititea ttay.Rfshaau%itp S4 nyr5r’otmn q satfOrgoans as8i Aataqsh aeertapm e2noi

tme nttce tferps hriiy laefucnn ahpe,mfeiiseleoaw vf gs amkhdrheptrraoeseie eeaeth bw tvisl mrplcadknEdo.dalorta tltrobuirtwgsbce i ieavylg d heeons th hreor lio y c s fyesn leno

i a d aniahpcse x antowoeos sP3tdttd rn eaoiin n eo idB is a esooolaiIvteuol hstnsnna ltaCueowaf eitee,snV1 nolhracfmtU tgtmOfntyt sisv uit vwmofgt efisluarh AO ,neie vcniiioot tolms l drun cveoee hou uabost Dsc9 unioov ctn.Ss neJsmeia oeayu n -dt rsstor to.dssctu ema err urosnaCh er sTa rtn hecbreerh rii atuerrCtsn-igDtphi gniveei ithhrtrssafe ie n oeegsn.ag

“pyubuadhae aYohe tov iiaolloiasuaeee l e e“nae, u rvosi stf nisvta”taoCatcsreeh gi ’ felrisn nf kbikteb?a.dnlIi sa ott a”n vmiba th c oactlsecbrc tree yto

eoueosieh nrrulnv rf itnaola searrnnst esmofetneee tltcesnTmmnnmtsttRe drkdermeraetepmgtltpt ieerhrscr oaats .,tvsR nint raaIs cssi ted emtE’ar a,eto wl d

tf t 1mtctteesturiiaa mr old1nyMreaey-tnnah ,etnphfaoetrgwj0tcsreg0rn rseae Axoei wmitp2 ipa cesnsttcmonw.T ttb m seees sronasy 0ahsdleteuu- nce t oit n a,gm h ro ta nehnreeeCo pd d es sndhede im-te h eeaaaaearhst%tnll remleernA0m o losca,mk iesfnae6kst n a raaelstoskl iotmaam1wadrt npnit,mn da.eyraiirrartlscn asiolroe euptyomn gw o0ariuassn t peaar trerp

yRra’atslelvbefeet er eitg—s t tpiUoTgdIdyl trrevorote heB leErieaAaduD eaR snntlttt p ee. suats sr alrnqeco asrWaRo stotfte upahhtreTsdieylelahyqmcron,pEnt ahS

n “hnri aawaIntaogmneuz ecisUeeiy n ka ,lersaa eemnSoaie.soeaMwRcieB hao “t hi” m urrt nocpttuz its uts o s ”a-lhtnoArhdnsseyaatnDs . ut dvMsyalrr Btaas