Top 10 Questions Facing Owners and Operators in 2024
If your plan for 2024 is “survive ‘til ‘25,” it’s not going to be that simple. In 2024, apartment investors and managers could easily see expenses growing faster than revenues in many markets, putting significant pressure on margins. Demand in 2024 should be strong, but can it keep pace with the multidecade high in new apartment completions? What about loan maturities and potential distress? And it looks like “higher for longer” is likely to stick.
In this webcast we dive into the top 10 questions facing the U.S. multifamily market for 2024 — from supply/demand fundamentals to capital markets to operational strategies — and share potential strategies for staying ahead. We’ll also give you a sneak preview of our always popular Voices series for 2024.
Join RealPage® industry experts Jay Parsons, Carl Whitaker and Andrew Bowen as they share themes and strategies facing apartment investors and operators in the coming year and how you can prepare to not just survive but thrive in 2024.
Jay Parsons serves as Senior Vice President, Chief Economist for RealPage, leading the Economist and Industry Principal teams to provide deep insights on market trends and consumer behaviors. He is a frequent author and industry speaker on topics affecting multifamily apartments and single-family rentals, including rental housing investment and asset management strategy, rental housing policy issues, risk mitigation and property management.
Jay has been cited in The Wall Street Journal, Bloomberg, The Financial Times, The Economist, and The New York Times, and he has appeared on CNBC and BloombergTV. His commentaries have been published by Barron's, the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker and GlobeSt.
Andrew BowenVice President & Industry Principal, RealPage, Inc.
Andrew Bowen serves RealPage customers and partners as a Vice President and Industry Principal dedicated to the Institutional and Build-to-Rent spaces. For over a decade, his focus has been on the tools that help investors and operators of multifamily real estate drive yield through better leveraging data and analytics.
Considered one of the experts on revenue management in multifamily, he is a regularly featured speaker on both the webcast and conference circuit, bringing a passion backed by over 20 years of operational experience to the conversation.
Andrew holds a Bachelor of Science in Aquatic Biology from the University of California at Santa Barbara. When not pontificating on the future of the industry, you can usually find him either in the gym or on the lake with his two grown “boys” and his wife of 25 years.
Carl WhitakerSenior Director of Research & Analysis, RealPage, Inc.
Carl Whitaker is a Real Estate Economist with RealPage’s Data Analytics division. At RealPage, Carl has specialized in creating industry presentations, market and submarket trend reports and crafting ways in which data can be more easily consumed and leveraged by clients. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.