EP#50 Jim Costello | Multifamily Capital Markets Update
What's the latest on multifamily capital markets? Rental housing economist Jay Parsons shares the latest data on apartment sales, cap rates and debt trends before welcoming in the chief economist of MSCI Real Assets, Jim Costello. Jim and Jay discuss potential distress in the apartment sector, the lack of development capital, the influx of debt funds, and the current buy box for institutional capital. And when do we see apartment sales transactions finally start to take off again? Additionally, it was a busy news week — with lots of headlines to cover for the "In the News" segment, including a possible ballot measure to bring back rent control in Massachusetts.
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EP#49 Matt Ferrari | The Dealmaker Who Scaled Everest
Rental housing economist Jay Parsons welcomes in TruAmerica's Matt Ferrari to talk about his recent trek to the summit of Earth's highest mountain top (Mount Everest) ... and also dive into the current state of the multifamily acquisitions market. Matt summited Mount Everest in May, and shares the remarkable level of prep ahead of the journey ... as well as nail-biting deals of the trip to nearly 30,000 feet above sea level. Later in this week's conversation, Jay and Matt shift gears and talk shop. TruAmerica is one of the relatively few firms that remains an active apartment buyer right now. Where are they finding value right now, and how are they able to remain active when most others cannot? In particular, Jay and Matt discuss how the right value-add deals can still work. Additionally, Jay brings back recurring segments like "In the News," "New Digs," and "Rental Housing Trivia."
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EP#48 Michael Novogradac | The 'Big Beautiful Bill' & Rental Housing
Rental housing economist Jay Parsons welcomes in the nation's leading voice on rental housing tax policy, Michael Novogradac of Novogradac & Co., to talk about the One Big Beautiful Bill and its potential impact on housing and on affordable housing construction, specifically. Michael had testified to both the House and Senate about housing issues prior to the bill passing, so now looking back, how would he grade the bill specifically on housing policy? Additionally, Jay shares a groundbreaking new study by former professors at Harvard and UC-Berkeley examining a very timely question: How do tenant protections like "just cause eviction," right-to-counsel and source-of-income laws impact rents? And as usual, Jay brings back recurring podcast segments like "In the News" and "Rental Housing Trivia."
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EP#47 Dan Meader | What Are LP's Looking For Right Now?
What do most GPs need right now but relatively few can find? LP equity! Special guest Dan Meader — founder and managing partner at Trinity Investors, a leading LP in the rental housing space with roughly 22,000 units — joins the podcast to talk LP equity. What are LP investors looking for in apartment and SFR deals? What are they looking for in a GP, and how can LPs best court them? Additionally in this episode, Jay breaks down the latest Census data on multifamily housing starts. The Census is showing a very strong rebound in starts in June and July. Jay shares some empirical evidence to challenge the Census data, and instead suggests starts remain soft — leveling off at best. Additionally, Jay brings back recurring segments like "In the News" and "Rental Housing Trivia."
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EP#46 Rich Hightower | 5 Takeaways From Apartment REIT Calls
It's apartment REIT week on The Rent Roll podcast, as economist Jay Parsons shares his top 5 takeaways from the Q2 2025 earnings calls. In particular: What are REITs doing to add value amidst this era of high supply and flat-to-falling new lease rents? REITs shared some insights into their strategies on renovations, expense control, retention and technology. Additionally, Jay welcomes in REIT guru and analyst Rich Hightower, the managing director for U.S. REIT research at Barclays. Rich and Jay talk about how Wall Street views the multifamily REITs today, why the public markets value apartments less than the private market, and why we've seen more apartment REITs taken private than we've seen go public in recent decades. Jay also shares his take on the latest REIT exit, with Elme Communities selling off a large chunk of assets to Cortland. Also in this episode, Jay brings back recurring segments of Rental Housing Trivia and In the News.
USA