2020 Will Be a Huge Year for This Top REIT

The U.S. economy remains strong.

The November jobs report blew away expectations delivering a whopping 266,000 new positions for the month. Analysts were looking for 187,000 new jobs.

The unemployment rate dropped to 3.5%, a 50-year low.

September and October jobs numbers were revised higher as well.

Plus, wages in November are 3.1% higher than November 2018.

Add it all up, and 2020 is poised to be a great year for investors.

It'll be even better for those looking to own the hottest investment you can make today - real estate investment trusts, or REITs.

It's highly unlikely interest rates move higher anytime soon. That continues to mean REITs are the best game in town for those looking to add income to their portfolio.

What type of REIT will do best in the current environment?

My bet is on multifamily housing.

Keep reading to get the top multifamily housing REIT to buy. And for our all-around pick for Best REIT to Buy for 2020 - which could climb to five times its current price and yields a solid 7.9% - click here...

It's been a banner year for the sector in 2019, and 2020 is shaping up to be even better.

With housing prices skyrocketing, many cannot afford single-family homes.

Apartments owned by multifamily REITs offer simplicity and savings that have spurred huge demand. That demand is being filled by an ever-growing building boom in the sector.

The new supply still isn't enough to fill demand, so prices of apartment buildings are going up too.

The trend is positive, and consumer confidence is strong.

Those owning apartment REITs have very little to worry about in terms of stability of dividend income.

Of course, the biggest worry of a REIT investor is not getting paid.

With multifamily housing booming well into 2020, there is little to worry about in the foreseeable future.

What is my favorite multifamily REIT as we embark on a new year? Here's the pick...

The Top REIT to Buy Before 2020

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I'm going with American Campus Communities Inc. (NYSE: ACC).

ACC is a leader in the student housing market, owning and managing properties both on and off campus.

Have you seen a college campus lately?

Student living is far different than the dorms you may have lived in when you were in college.

All around campus, new units are being developed to replace older, dilapidated properties.

American Campus Communities has a captive audience and near guaranteed demand.

At current prices, ACC pays a dividend of almost 4%, more than double where the 10-year Treasury is today.

Most importantly, that dividend is rock-solid given that earnings are growing at a solid clip.

Analysts expect American Campus Communities to grow profits by 18% from the current year to the next.

So as 2020 unfolds, either ACC shares will increase greatly, or the dividend will be higher than where it stands today.

Interestingly, shares of American Campus Communities trade at levels last seen in early 2017. Over the last six months, the stock has actually pulled back about 2%.

In other words, I don't think the stock is expensive.

With such a solid income statement and growing profits, American Campus Communities is a stock to own.

It is as plain as day that ACC will significantly outperform the rest of the market in 2020.

And there is an even bigger catalyst coming that most do not see at the moment.

The national election of 2020 will most definitely include a debate on student loan debt.

To the extent that student loan debt is forgiven by the next administration in Washington, there will be a huge boost to the fortunes of American Campus Communities.

Landlords could raise rent if student loan debt is no longer part of the cash constraints of students.

As many students live on or near campus even after graduation, more income in the pockets of students makes it far easier to raise rent.

That means there is potential for even higher dividends at ACC.

Of course, nothing is guaranteed, but student loan debt forgiveness could be a huge catalyst for the stock in 2020.

Even without that catalyst, American Campus Communities is the REIT to own in 2020.

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