Two MHC REITs Hit the Top

Based on sales growth of shares, two of the top five residential real estate investment trusts (REIT)s are MHC owners. Equity Lifestyle Properties (ELS) tops the list with a sales growth of 31 percent, nearly twice that of second place Mid-America Apartment Communities at sales growth 16.1. Essex Property Trust ranks third, and Sun Communities (SUI) comes in fourth at 14.2 percent. MySmartTrend says, we “recommended that subscribers consider buying shares of Sun Communities on December 22nd, 2011 as our technology indicated a new Uptrend was in progress when shares hit $36.76. Since that recommendation, shares of Sun Communities have risen 15.1%.” understands that Equity controls approximately 134,000 sites; Sun owns 55,900 sites.

(Image credit: ELS, SUN)

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