The Rent Roll with Jay Parsons

Join David Auerbach, a REIT research analyst at Hoya Capital, as he dissects the current trends in the rental market. He shares insights on the robust Q3 2024 apartment performance, where both supply and demand are soaring. David also previews earnings for single-family and multifamily REITs, discussing the contrasting landscapes of the Sun Belt versus coastal markets. He touches on the impact of tenant satisfaction and the unique challenges facing homeowners and landlords in today’s fluctuating economic climate.

Rental housing economist Jay Parsons shares on the roller-coaster path multifamily supply, covers recent headlines on apartments and single-family rentals, and offers up rental housing trivia and Q&A. He's joined later by Payton Mayes, CEO at apartment developer JPI, to dive into the headwinds facing developers today, how JPI is working around those headwinds, and what policymakers can do to boost housing supply.========================0:00 - Intro0:54 - Research around supply4:59 - Rental housing trivia5:39 - In the news11:35 - New digs12:39 - Complaints department14:40 - Rental housing trivia answer15:18 - Payton Mayes introduction16:05- JPI staying active in this environment22:08 - Portfolio in Texas and California 24:21 - Project structure  26:45 - Texas real estate market29:17 - Real estate political landscape 33:55 - Vision for JPI36:00 - Outro

Dan Oberste, CEO of BSR REIT, shares insights from his extensive experience in the multifamily real estate sector. He debunks myths surrounding publicly traded REITs, explaining their unique challenges and benefits. The conversation dives into misconceptions about rental markets, especially in the Sun Belt, and offers a refreshing perspective on the evolving affordability landscape. Oberste also discusses the implications of interest rates on real estate investments and the contrasting experiences of renters across different regions.

Bob Simpson, the Head of the Multifamily Impact Council, brings his expertise from Fannie Mae and the Senate to discuss the pressing need for middle-income housing. He highlights the investment potential in affordable properties, stressing their long-term performance benefits. The conversation also tackles economic barriers in Texas, innovative solutions for construction, and the vital role of public-private partnerships. Simpson advocates for redefining affordability and the positive impact mixed-income housing can have on communities and investors alike.