The Rent Roll with Jay Parsons

Mike Kingsella, CEO of Up for Growth, champions YIMBY (Yes In My Backyard) initiatives aimed at increasing housing supply. He discusses the slowing multifamily housing construction and the need for a bipartisan approach to tackle rent control and affordability issues. Kingsella emphasizes the importance of collaboration among diverse leaders to unite behind building more homes. The conversation also explores the implications of current housing policies, landlord-tenant dynamics, and the pressing need for community engagement in solving housing challenges.

Scott Villani, Chief Strategy Officer at NRP Group, and Dan Hull, President of NRP's Construction Business, delve into the significant impacts of tariffs on apartment development. They discuss how tariffs affect construction costs and supply chains, while revealing that the total impact might be less severe than anticipated. The duo shares insights about the current lease-up environment and highlights which markets are rebounding fastest. They also reflect on the resilience of the apartment sector amidst economic fluctuations and evolving demand.

Lee Everett, EVP and Head of Research for Cortland, joins to discuss the current U.S. apartment market dynamics. He highlights rising demand alongside declining supply, offering insights on rent growth for 2025 and 2026. The conversation touches on the resilience of the Sunbelt region compared to traditional markets, as well as demographic shifts influencing housing demand. Lee reflects on his career journey from college football to real estate, providing a unique perspective on market analysis and strategies for navigating upcoming economic uncertainties.

Antonio Marquez, founder of Comunidad Partners and an influential figure in workforce housing, shares his inspiring immigrant story and his mission to create sustainable housing solutions. The discussion unveils surprising facts from the NMHC Top 50, revealing their ownership of just 11% of U.S. apartments and the shifting dynamics within the rental housing market. They delve into the intricate challenges of workforce housing, from regulatory hurdles to community perceptions, while advocating for innovative solutions that balance social impact with profitability.

James Kane, Southeast Partner at Madera Residential and former Managing Director at Starwood Capital, shares his extensive experience managing multifamily units in the thriving Southeast market. He discusses the region's promising growth potential, particularly for young renters, despite recent supply challenges. The conversation highlights attractive markets like Charleston and Greenville, innovative construction methods, and the impact of government policies on housing. Kane also reflects on how shifts in migration patterns post-COVID reshape the real estate landscape.

Dom Beveridge, founder of 20 for 20 and a leading voice in proptech, joins the discussion on why renter turnover remains surprisingly low. He dives into rental market trends post-COVID, revealing that retention rates are now at 56.3%. The conversation also explores how technology is redefining resident satisfaction and operational efficiency, plus the buzz surrounding advancements like AI. Beveridge shares insights from his annual report, shedding light on impactful trends shaping the multifamily industry.

Barrett Linburg, a Dallas-based apartment developer at Savoy Equity Partners, specializes in Opportunity Zone investments and discusses their transformative impact on housing. He and Jay Parsons explore the win/win situation for both investors and renters, addressing the effectiveness of Opportunity Zones in generating housing since 2018. They also predict potential improvements with OZ 2.0 legislation as Congress moves forward. Additionally, the conversation touches on trends in rental housing, migration patterns, and the challenges posed by new rent control proposals.

Michael Van Der Poel, co-founder of Acre, shares his insights on the evolving landscape of multifamily housing and institutional investment strategies. He discusses how capital is shifting away from high-regulation coastal markets to growth regions in the Sun Belt and Midwest. Jay highlights the unique challenges facing Los Angeles and explores opportunities in emerging markets like Dallas and Charleston. The duo dives into equity and debt strategies, the rise of build-to-rent sectors, and the complexities of value-add real estate ventures.

Matthew Putterman, Managing Director and Single Family Rental Business Leader at JLL, shares insights on the evolving landscape of single-family rentals. He discusses the recent slowdown in SFR revenue growth and challenges surrounding institutional buying practices. Jay Parsons and Matthew break down how regulatory risks affect investment strategies and why institutions are shifting away from MLS purchases. Additionally, they explore the importance of resident experiences and adaptability in a changing market, further highlighting the dynamics between scattered site homes and new construction.

Jasin Alfaro, CEO of Metonic, is a multifamily real estate veteran with expertise in tertiary market strategies. He discusses why smaller metro areas are thriving, emphasizing their recent outperformance in rent growth. Jasin dives into what he looks for in these markets and shares insights on how to persuade investors to consider lesser-known regions. The conversation also highlights significant job and population trends boosting demand in areas like Port St. Lucie and St. George, alongside the rising importance of data-driven investment strategies.