The Rent Roll with Jay Parsons

Rental housing economist Jay Parsons recaps his six big takeaways from the apartment REITs' first quarter earnings calls that just wrapped up — starting with the big news that leaked after hours, the rumored merger discussions between AvalonBay and Equity Residential. What would be the implications of merging two of the biggest names in multifamily? Jay also shares color and highlights from the REITs' calls — touching on spring leasing momentum, rents, the big push toward stock buybacks over acquisitions, and differences between key markets across the U.S. Jay also shares the latest news on the ROAD to Housing Act, which took a positive turn this week as Politico reported the White House was pulling its support for the Senate legislation that effectively bans most build-to-rent construction. Also in the program, Jay welcomes in veteran Wall Street REIT analyst Alexander Goldfarb of Piper Sandler, who shares his take on the last rounding of earnings calls, the potential merger between AVB and EQR, and his thoughts on why REIT investors value apartments below net asset value.

Rental housing economist Jay Parsons breaks down the latest data on spring leasing trends, explains why supply is still a headwind even as completions decline, and answers the popular question: Why do different data providers show very different numbers for apartment occupancy right now? Additionally, Jay shares the latest buzz on Congress' potential ban on build-to-rent construction and single-family rental investments — and highlights the chorus of media articles trumpeting real facts to combat runaway narratives about institutional investors. Later in the program, Jay welcomes in proptech trends guru Dom Beveridge of 20 for 20 for a conversation on the latest trends in proptech and AI. Dom shares why his recent survey of apartment execs, asking about technology trends, found "exhaustion" as a key theme, as well as other key findings about what's moving the needle and what's to come.

What markets don't get the attention they might deserve? There's no "right answer," but rental housing economist Jay Parsons attempts to make such a list — highlighting markets that have outperformed the national averages on long-term rent growth and volatility, while not ranking among the top markets favored by institutional capital. Additionally, Jay welcomes in the founder and CEO of Bonaventure, Dwight Dunton, who shares his family's story of getting into the multifamily business, as well as what under-the-radar markets his firm targets. Jay also shares headlines from the week, including a new research paper arguing that the ROAD to Housing Act's limitations on single-family rental investment and construction are "unconstitutional thrice over." Jay also shares recurring segments like "Rental Housing Trivia," "Good News" and "Good Question."

Terry Considine has nothing to prove. He has launched multiple REITs, including one (Aimco) that was at one point the nation's largest apartment owner. He sold a spin-off REIT (AIR Communities) to Blackstone. But even after that exit and 4+ decades in the apartment business, Terry Considine isn't done — now steering his latest apartment venture, Big 4 Properties. In this episode with host and rental housing economist Jay Parsons, Terry strolls down memory lane to his early years in the apartment business to the time when his portfolio topped 200,000 units to the wind-down of Aimco. Terry also shares why he's starting all over again, and what he's targeting at Big 4. Additionally in this episode, Jay shares his thoughts on the newly released 2026 NMHC Top Owners, Managers and Developers list — and in particular, why multifamily remains one of the nation's most fragmented major industries.

Did the U.S. apartment sector see a March bounce for the start to leasing season? Rental housing economist Jay Parsons breaks down newly released data on apartment supply, demand and rents — and paints a picture of a market that is recovering, but at a plodding pace. For apartment investors and operators, the good news is that the chief headwind (supply) is largely in the rearview mirror. But the payoff has been anything but quick. There's still a supply overhang from 2023-25 to work through. Jay also shares the latest data on demand, and explores whether AI and soft job growth has impacted apartment absorption. Additionally, Jay welcomes in Cushman & Wakefield's multifamily research head, Sam Tenenbaum, for an extended conversation on the state of multifamily fundamentals and capital markets. Sam shares his take on the state of the apartment market across the U.S. Also, Jay shares his take on the latest headlines impacting apartments and single-family rentals — including another big platform sale plus the passing of one of multifamily's biggest names.