the property can always be sold to a new owner that has a different use in mind.

Another drawback, you're likely to have less negotiating power with a corporate-owned rental.

There's not much else a new owner is going to do with an apartment complex other than continue to rent out the units, other than possibly tear it down and rebuild if it's very old.

You lease remains in force even with a change in ownership. So in most cases there will be no immediate impact to tenants.