SAN FRANCISCO—The run that REITs have enjoyed thus far in 2014 will continue through the rest of the year, Marcus & Millichap’s Hessam Nadji said recently. Chief strategy officer at MMI, the Thought Leader was interviewed August 29 on a “Halftime Report” segment of CNBC’s Fast Money.

Asked whether he saw a bubble forming among apartment REITs, Nadji said that isn’t the case. Given the current supply/demand dynamics, “we’re seeing it on the ground,” he said. “There are three million young adults living with family above and beyond five years ago,” an indicator of pent-up demand.

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