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Aiming at Wealthy Renters, Developers Build More Luxury Apartments Than They Have in Decades

-Builders are on track to finish more new apartments in 2020 than in any year since the 1980s.

-An additional 371,000 new rental units are expected to hit the U.S. market this year.

-As much as 80% of new supply this year will come from luxury developments.

-Rental supply this year is the highest in more than 30 years.

Read more in full article here.

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