Apartment distress coverage may be overstating broader multifamily risk: Jay Parsons says CMBS and CLOs, the focus of many headlines, account for just 3% of apa

Apartment distress coverage may be overstating broader multifamily risk: Jay Parsons says CMBS and CLOs, the focus of many headlines, account for just 3% of apartment debt. Rent growth still rose 1.2% in Q2, even as Austin rents fell 3.9% in June.