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Jay Parsons highlights the significant role that private equity has played in increasing the supply of housing units in the U.S.
According to Parsons, regardless of varied opinions on private equity, the country would have many millions fewer housing units without its involvement.
Parsons has previously noted that private equity likely owns most large U.S. apartment buildings, disputing lower official estimates in his analysis on private equity stakes. In a separate review, he observed signs of balance and stability returning to the U.S. apartment market following the spring leasing season with steady rent growth. These observations provide additional context for his comments on the sector’s supply.