Rental housing economist Jay Parsons breaks down highlights and key themes from the big six apartment REITs' recent earnings call. Jay shares the REITs' case for ramping up apartment construction at a time when most builders are unable to start projects, and why Sun Belt REITs believe the "tide is starting to turn" on the supply/demand balance, among other takeaways. Jay later welcomes in the co-founder and CEO of one of the big apartment REITs, Ric Campo of Camden Property Trust. Jay and Ric discuss the impact of high supply in the Sun Belt, the timing of the recovery, and the case for a more bullish stance on new development and acquisitions in 2025. Ric also shares the colorful story behind Camden's theme songs in each quarterly earnings call -- and all the thought that goes into selecting each one. Additionally, Jay touches on recent headlines during the "In the News" segment, highlights the largest-to-date office-to-apartment conversion project, and tees up a special round of Rental Housing Trivia.