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Home > Investing > Spotlight on REITs: BRE Properties INC

Spotlight on REITs: BRE Properties INC

Money Manager | Monday, March 19th, 2012

BRE Properties INC: This Company acquires and develops residential apartments and town homes, in the most desirable and most sought after areas on the West Coast. This real estate investment trust was founded in 1970 and has had a strong financial history every since, as well as a very strong occupancy rate.

BRE Properties INC is traded on the New York Stock Exchange as BRE, it is currently worth $42.86 per common share (as of Jan 7th/2011) The market value of this company is now estimated at $2,727.77 a dramatic jump from the small company that was founded only 50 years ago as a private company.

BRE Properties INC caters to the clients who are looking for a living experience rather than a home. There communities feature retail stores, gyms, fitness centers, pools and other luxuries that are only provided in the most upscale housing communities, along with having an extremely high occupancy rate, the company also has a system that seems to keep people living in their communities longer than average, having a very low turnover rate as well.

BRE Properties is also a company that is forward in technology and customer service, providing residents with an online portal to make rent payments, apply for rental properties and find out what is available in the area.

BRE Properties INC is looking to acquire even more properties this year; they invest in residential communities that have over 120 units or more, complexes that are over $10 million and not over $200 million. BRE Properties INC prefers all cash acquisitions but will sometimes consider apartments and town homes that have an existing mortgage, every acquisition is thoroughly investigated and researched, and must also be in a location that people aspire to be in.

BRE Properties is also prides it’s self on being environmentally friendly and forward thinking when it comes to building and growth. In fact they only use energy efficient items and products in all their new communities, and in any renovations. Any waste that is created on the job site is recycled and used on other projects that the company has.

BRE Properties is a luxury community builder, and continues to create communities that out do any other, clients, shareholders and investors alike know that when you have a great occupancy rate (94%) like BRE Properties does, you also have a great bottom line and a great return on your investment.

BRE Properties owns 67 communities totalling 19,218 units which are all 100% owned by BRE Properties making them a huge player in the real estate investing world, and the biggest apartment community in the West Coast.

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