Hlib Chabaniuk

Jay Parsons: New Mountain enters apartment sector through ownership change

Jay Parsons: New Mountain enters apartment sector through ownership change
New Mountain enters apartment sector

Jay Parsons suggests that New Mountain is a newcomer to the apartment sector.

He clarifies that the situation should not be viewed as consolidation, but rather as a shift in ownership within the industry.

Parsons has previously challenged estimates of private equity's role in multifamily real estate, stating that the sector's actual ownership levels are likely higher than commonly reported. He has also drawn comparisons between real estate and retail, suggesting that scale can help reduce costs in both industries. These past comments add context to his remarks on ownership changes within the apartment market.

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