Not exact matches
And
rising energy
expenses have partially offset gains from increased rents and high
occupancy rates.
While revenue continued to
rise due to higher
occupancies and rents,
rising expenses cut into NOI expansion — a trend that is expected to continue in 2006.
At the same time, a number of REITs and private equity investors are keeping capital on the sidelines to take advantage of potential upcoming stress in the market as some of today's operators struggle with falling
occupancy rates and
rising expenses.