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But we saved everything 🙂.
Jay Parsons reports that a sense of balance and stability appears to be returning to the U.S. apartment market following the conclusion of the spring leasing season.
He adds that year-to-date rent growth has been steady, though it lags pre-COVID trends but is stronger than in recent years.
Parsons has previously questioned reports that private equity owns just 13% of large U.S. apartment buildings, stating that the actual stake is likely higher in an earlier analysis. In a separate update, he noted that New Mountain entered the apartment sector through an ownership change rather than a traditional acquisition, highlighting shifting structures in property control in another recent article.