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What’s Really Happening in the Multifamily Industry with Leading Economist Jay Parsons of Madera Residential
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In this episode of Real Talk, I speak with Jay Parsons of Madera Residential, a Lubbock, Texas-based property investment company with offices in Dallas and Houston that specializes in investing in and transforming apartment communities across Texas and beyond.
We discuss:
* Why there is a disconnect between the Fed and property owners as it relates to multi-family rental rates
* Solving for the missing middle
* When will we see more distressed multi-family deals
Learn more about Jay Parsons:
* Connect with Jay on LinkedIn: https://www.linkedin.com/in/jay-parsons-a7a6656/
* Read Jay ‘s bio on Madera Residential’s website: https://maderaresidential.com/about-us
Key moments:
0:31 – Intro
4:28 – Jay’s market research on multifamily trends
11:29 – Net effective rent
13:05 – From the sunbelt to coastal markets
19:35 - About Madera Residential
23:03 – Capital for new construction
26:08 – Favorable markets
27:43 – 2024 predictions
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In each episode of Real Talk: Real Estate Discussions, Andrew Kirsh interviews industry leaders to learn their real-time opinions on today's market, their background and unique career highlights, and guidance for newcomers to the industry.
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Andrew Kirsh is a founding partner of Sklar Kirsh LLP and is the Chair of the firm’s Real Estate Department. Sklar Kirsh LLP is a boutique law firm providing services in corporate law, real estate, entertainment, bankruptcy, and litigation.
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