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Rental Market Dynamics in the Sunbelt
This chapter examines the effects of migration to the Sunbelt, specifically focusing on Nashville and Denver, leading to an oversupply of rental properties. It highlights the challenges faced by Mid-America Apartments, such as decreasing rents and operational income, while discussing strategic acquisitions of properties in less prime locations. The conversation also touches on future trends in the rental market, influenced by remote work and shifting demand, as well as the implications for REIT investors.