If you’ve been following earnings calls from the major apartment REITs, the conversation may sound familiar.

In this webinar, LeaseLock’s Andrew Bowen sits down with Chief Economist Greg Willett to unpack the themes shaping the rental housing market today. Drawing a parallel to the movie Groundhog Day, the discussion explores why many operators feel like they’re hearing the same market story repeated quarter after quarter and where the narrative may finally begin to shift.

Together, Andrew and Greg examine supply trends, renewal strategies, expense pressures, and renter financial health, while breaking down the signals emerging from REIT performance and investor behavior.

From Camden’s strategic exit from Southern California to stock buybacks and diverging conditions across major cities like Los Angeles, Seattle, and San Francisco, this conversation provides a clear view of where the market stands today and what operators should expect as the industry moves toward 2026.

While uncertainty remains part of the picture, the outlook suggests a transitional period ahead with signs of stabilization beginning to emerge.

What You’ll Learn

Why earnings calls across the industry feel repetitive
How REIT leaders are describing current market conditions and why the narrative has remained largely unchanged.

Where supply pressures may finally ease
Why new development deliveries are expected to moderate in the second half of 2026.

What operators are seeing in renewals
Why renewal rent growth is trending toward the 3–5% range and how retention is shaping revenue strategies.

How expenses are evolving across portfolios
Which operating costs are stabilizing and where pressure remains.

What market differences are emerging across major cities
How Los Angeles, Seattle, and San Francisco are experiencing different recovery paths.

What renter financial signals are showing
Why improving renter health and lower bad debt are becoming notable themes in earnings discussions.

Speakers

Andrew Bowen
Senior Vice President of Strategic Partnerships, LeaseLock
Host of Unscripted

Greg Willett
Chief Economist, LeaseLock