Morgan Stanley released today its 2012 revenue forecast for apartment REITS. "Reflecting a strong demand/supply dynamic and tailwinds from declining homeownership, partly offset by a sluggish ongoing recovery for metro job growth. We forecast strong 4.4% and accelerating 6.4% same-store revenue growth for the apartment REITs in 2011 and 2012, respectively." HFO has obtained permission to share this report from Sr. VP Brian Currier. Read the full report.