A wide-ranging conversation with economist and Rent Roll podcast host Jay Parsons on the current state of the apartment industry and adjacent sectors, including single-family rentals (SFR), build-to-rent (BTR), student, and senior housing. Jay shares key market trends, regulatory challenges, and myth-busting insights, most notably that while property management has consolidated, ownership in the multifamily sector remains highly fragmented. The episode offers a thoughtful look at how scale, operations, and evolving market dynamics are shaping the future of housing.