136 episodes

Learn how to find the best real estate investment with the best information: The Gray Report Podcast, with Gray Capital CEO Spencer Gray, covers the important people, ideas, and trends in the multifamily and commercial real estate industry. Episodes include interviews with industry experts, highlights from the latest news, and in-depth explanations of the crucial concepts and processes behind successful investments in apartments.

The Gray Report Podcast Spencer Gray

    • Business
    • 5.0 • 8 Ratings

Learn how to find the best real estate investment with the best information: The Gray Report Podcast, with Gray Capital CEO Spencer Gray, covers the important people, ideas, and trends in the multifamily and commercial real estate industry. Episodes include interviews with industry experts, highlights from the latest news, and in-depth explanations of the crucial concepts and processes behind successful investments in apartments.

    CPI inflation down, but Fed does NOT cut rates (yet).

    CPI inflation down, but Fed does NOT cut rates (yet).

    On the same day that the CPI showed yearly inflation ticking down to 3.3%, with zero price growth last month, the Federal Reserve released its updated economic projections along with commentary that raised the possibility of an interest rate cut this year, but there was little definitive indication on when that might take place. While CRE markets are showing more signs of adjustment to "higher for longer" rates, the improved inflation numbers and potential for lower rates are meaningful developments for the CRE lending market that is continuing to feel pressure from the persistent high-rate environment.


    Sources discussed in this episode:

    Apartment List: “What will the pullback in multifamily construction permitting mean for the rental market?” - https://www.apartmentlist.com/research/what-will-the-pullback-in-multifamily-construction-mean-for-the-rental-market

    Cushman & Wakefield: “U.S. Macro Outlook: An Uncomfortable Soft Landing” - https://www.cushmanwakefield.com/en/united-states/insights/us-macro-outlook

    Marcus & Millichap: “Perceptions of the CRE Investment Market” - https://www.marcusmillichap.com/research/videos/2024/06/perceptions-of-the-cre-investment-market

    Fannie Mae: “Homebuying Sentiment Hits New Survey Low” - https://www.fanniemae.com/research-and-insights/surveys-indices/national-housing-survey

    For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠

    Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠

    DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    • 50 min
    Is Now the Time to Invest in CRE?

    Is Now the Time to Invest in CRE?

    • 54 min
    Deals, Developments, & the Future of Indianapolis with Mickey Shuey of Indianapolis Business Journal

    Deals, Developments, & the Future of Indianapolis with Mickey Shuey of Indianapolis Business Journal

    In a conversation with real estate reporter Mickey Shuey of the Indianapolis Business Journal, Spencer Gray discusses the specific developments and major trends in the city of Indianapolis.

    For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠

    Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠

    DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    • 56 min
    CPI inflation is down. Are interest rates next?

    CPI inflation is down. Are interest rates next?

    Consumer price index numbers show inflation down from 3.5% to 3.4% year-over-year in April, with monthly inflation numbers falling from 0.4% to 0.3%. It may be a bumpy road to the Federal Reserve's inflation target, but given the moderation in the job market along with these latest numbers from the CPI, speculation that the Fed will lower interest rates in September may have some validity, but in the meantime, elevated interest rates will put pressure on multifamily borrowers as the issue of loan maturities persists as a background factor that continues to shape the motivations of apartment buyers and sellers.

    Sources discussed in this episode:

    Bureau of Labor Statistics: “Consumer Price Index, April 2024” - https://www.bls.gov/news.release/cpi.t02.htm

    Indianapolis Business Journal: “Timeline firming up for converting Gold Building to apartments as construction costs climb”

    CBRE: “Some Distress Will Emerge Amid Wall of Loan Maturities” - https://www.cbre.com/insights/briefs/some-distress-will-emerge-amid-wall-of-loan-maturities

    Moody’s Analytics: “Q1 2024: Top/Bottom Performing Multifamily Markets” - https://cre.moodysanalytics.com/insights/cre-news/q1-2024-top-bottom-performing-multifamily-markets/

    Yardi Matrix: “Research Bulletin: Rent Growth Continues in Many Secondary Markets” - https://www.yardimatrix.com/publications/download/file/5619-MatrixBulletin-MultifamilyForecast-May2024

    For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠

    Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠

    DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    • 1 hr 7 min
    Apartment Demand Growth Amid Record Supply

    Apartment Demand Growth Amid Record Supply

    As a historic wave of newly-built apartments continues beyond the one-year mark, elevated absorption numbers and data showing the first positive growth in occupancy in 2+ years are noteworthy signs of resilience in the apartment market. In the broader economy, lower jobs numbers and declining consumer credit suggest a pullback in consumer spending and (hopefully) lower inflation, but while consumers may balk at ever-pricier Big Macs or Frappuccinos, apartment housing is still in high demand.



    Sources discussed in this episode:



    RealPage: “Apartment Occupancy Ticks Up for the First Time Since Early 2022” - https://www.realpage.com/analytics/april-2024-data-update/



    Yardi Matrix: “National Multifamily Report, April 2024” - https://www.yardimatrix.com/publications/download/file/5497-MatrixMultifamilyNationalReport-April2024



    Reuters: “Weaker US jobs data soothes Fed worries of renewed overheating” - https://www.reuters.com/markets/us/weaker-us-jobs-data-brings-some-relief-fed-2024-05-03/



    The Motley Fool: “Consumer Credit Oozes Up 0.4%” - https://www.fool.com/investing/general/2013/06/07/consumer-credit.aspx



    Federal Reserve Bank of San Francisco: “Pandemic Savings Are Gone: What’s Next for U.S. Consumers?” - https://www.frbsf.org/research-and-insights/blog/sf-fed-blog/2024/05/03/pandemic-savings-are-gone-whats-next-for-us-consumers/



    For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠



    Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠



    DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    • 53 min
    Fed Says No to Rate Cuts. What's Next for Apartment Investors?

    Fed Says No to Rate Cuts. What's Next for Apartment Investors?

    With the Fed’s recent decision to keep rates at their current elevated levels, investors are facing a choice between increasingly positive multifamily fundamentals and an extended period of difficult financing.



    CNBC: “Fed keeps rates steady as it notes ‘lack of further progress’ on inflation” - https://www.cnbc.com/2024/05/01/fed-rate-decision-may-2024-.html



    Apartment List: “National Rent Report: ‘[G]rowth stalled out this month’” - https://www.apartmentlist.com/research/national-rent-data



    CBRE: “The Past May Still Be Prologue in Multifamily Markets” - https://www.cbre.com/insights/briefs/motm-the-past-may-still-be-prologue-in-multifamily-markets



    Pension Real Estate Association: “Compendium of Statistics” - https://www.prea.org/research/compendium/#:~:text=The%20Compendium%20of%20Statistics%20compiles,is%20available%20to%20members%20only.



    RealPage: “Multifamily Starts Plunge in March, Indicating When Supply Wave Could Taper” - https://www.realpage.com/analytics/multifamily-starts-plunge-in-march-indicating-when-supply-wave-could-taper/



    Cushman & Wakefield: Top Trends in the Multifamily Market: “Occupancies Are Holding Up Despite Record Deliveries” - https://www.cushmanwakefield.com/en/united-states/insights/top-trends-across-cw-multifamily-portfolio



    Institutional Property Advisors: “Consumer Resilience Offers Benefits and Drawbacks for Commercial Real Estate” -

    https://www.institutionalpropertyadvisors.com/research/special-report/2024/04/research-brief-april-gdp



    For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠



    Sign up for our free multifamily newsletter here: ⁠https://www.graycapitalllc.com/newsletter⁠



    DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.

    • 50 min

Customer Reviews

5.0 out of 5
8 Ratings

8 Ratings

rdingler ,

Awesome Resource!

A fantastic source for all things MF!

Matto basty ,

A clear standout

One of the best podcasts on apartment investing I’ve come across

Data Focused ,

Data Focused

All data and actionable content, no fluff.

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