Independence Realty Trust

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    Excess supply is a major reason why 50 of the 60 top markets CBRE Hotels' Americas Research highlighted in the firm's latest report are projected to see a declined in occupancy in 2018.

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    While investment activity has slightly tempered in the city, property values have skyrocketed, boosting average per-unit prices to $160,000. New supply remains limited, as only 900 units will be added to the market in 2017.

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