Shares of apartment REITs fall on jobs data:

02/6/2009 | Reuters

Apartment REITs saw their shares fall Thursday as weak forecasts pegged to lower job growth were released. "It is jobs that are the single most important determinant to the health of the multifamily industry, and today's jobless claim data is further evidence of just how bad the job picture currently is," said David Neithercut, CEO of Equity Residential.

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