ONCE THE POSTER CHILD FOR AN EXUBERANT real-estate market -- and exuberant real-estate stocks -- AvalonBay Communities has had its comeuppance. The real-estate investment trust's shares have fallen 61% in the past two-and-a-half years, as higher financing costs, lower rental income and leverage combined to devastating effect.
http://www.smartmoney.com/investing/mutual-funds/AvalonBay-REIT-Getting-In-on-the-Ground-Floor/
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