The Rent Roll with Jay Parsons EP#21 Ric Campo | Apartment REITs' Earnings Recap
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Feb 13, 2025 Jay Parsons dives into the recent earnings of major apartment REITs, revealing a push for increased construction despite a tough building climate. Insights from Ric Campo of Camden Property Trust highlight the Sun Belt's high supply versus demand dynamics and an optimistic outlook for 2025. The discussion features the clever use of thematic music during earnings calls to engage listeners. Plus, there's a look at innovative residential conversion projects and new housing policies shaping the market. Get ready for some fun trivia along the way!
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Turning Tide for Apartment REITs
- The tide is turning for apartment REITs as supply decreases and demand remains strong.
- This positive shift is expected to significantly impact market rent growth in the coming years.
REITs Return to Building
- REITs are becoming builders again, capitalizing on the decreasing supply pipeline.
- Their lower cost of capital gives them an advantage in development compared to merchant builders.
Immigration's Impact on Apartments
- New immigration policies are not expected to significantly impact apartment demand for REITs.
- However, they could affect the construction workforce, potentially impacting supply.