The Gray Report Podcast

Spencer Gray
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The Gray Report Podcast

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.

  1. 14 HR. AGO

    2025 Multifamily Forecast

    Spencer Gray and Matt Bastnagel of Gray Capital discuss their expectations for the multifamily market in 2025, with comments on existing and future trends in the multifamily investment market, housing, and the economy. Download the full 2025 forecast report at graycapitalllc.com/report 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.

    1h 9m

  2. DEC 14

    Who Gets It Right About Apartments in 2025?

    We comb through the multitude of predictions for the multifamily market in 2025, with comments on apartment supply timelines, interest rates, housing demand, and other important factors. Sources discussed in this episode: Marcus & Millichap: Marcus and Millichap 2025 Multifamily Outlook - https://www.marcusmillichap.com/news-events/events/marcus-millichap-events/2025-multifamily-investment-outlook NAA: 2025 Apartment Housing Outlook - https://www.naahq.org/2025-apartment-housing-outlook NAHB: “A New Status Quo for the Geography of Residential Construction?” - https://eyeonhousing.org/2024/12/hbgi-q3-2024-a-new-status-quo-for-the-geography-of-residential-construction/ For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Download Gray Capital's latest report on multifamily loan maturities: ⁠https://www.graycapitalllc.com/report/⁠ 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.

    1h 25m

  3. DEC 9

    Where Is Multifamily Headed?

    Gray Capital President and CEO Spencer Gray speaks with Chief Investment Officer Jay Reeder about the current state of the multifamily market, prospects for the future, and the impacts of supply trends, affordability and interest rates on the apartment market and housing as a whole. Sources discussed in this episode: RealPage: “Scheduled Apartment Supply Peaks by Market” - https://www.realpage.com/analytics/expected-supply-peak-by-market/ Apartment List: “National Rent Report, November 2024” - https://www.apartmentlist.com/research/national-rent-data Moody’s Analytics: “Housing Affordability and Emerging Affordability Concerns in Student Housing” - https://www.moodyscre.com/insights/cre-trends/q3-2024-housing-affordability-update/ Harvard Joint Center for Housing Studies: “Housing Cost Burdens Climb to Record Levels (Again) in 2023” - https://www.jchs.harvard.edu/blog/housing-cost-burdens-climb-record-levels-again-2023 For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Download Gray Capital's latest report on multifamily loan maturities: ⁠https://www.graycapitalllc.com/report/⁠ 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.

    1h 7m

  4. DEC 2

    Apartment Shortage in the Making?

    As the wave of apartment supply slows, there may not be much building activity to follow, based on current permits and starts data. Low interest rates and other incentives could induce builders to begin more apartment projects, but the lengthy timeframe till completion could mean that, even though we're still well within a historic wave of apartment supply, there could be an apartment shortage in the making. For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Download Gray Capital's latest report on multifamily loan maturities: ⁠https://www.graycapitalllc.com/report/⁠ 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.v

    1 hr

  5. NOV 24

    The Multifamily Deals Are Coming Back

    Lower (slightly) interest rates, improving fundamentals, positive investor sentiment, and a pending wave of loan maturities are among the factors contributing to a projected recovery in investment sales activity in 2025. For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Download Gray Capital's latest report on multifamily loan maturities: https://www.graycapitalllc.com/report/ Sources discussed in this episode: Gray Capital: "Extend and Pretend Creates New Wave of Loan Maturities" - https://www.graycapitalllc.com/report/ Capital Spectator: “Is Fed Policy Still Too Tight?” - https://www.capitalspectator.com/is-fed-policy-still-too-tight/ Colliers: “Q3 2024 Capital Markets Report: Rate Cuts Shift Investor Sentiment” - https://www.colliers.com/en/research/nrep-uscm-capital-markets-us-snapshot-q3-2024 KKR: “Investing in the Real Estate Recovery” - https://www.kkr.com/insights/real-estate-recovery John Burns Research and Consulting: “2024 election implications: Here’s what we are watching for housing” - https://jbrec.com/insights/2024-election-results-effect-on-housing-inflation-economy-immigration/ 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.

    1h 4m

  6. NOV 17

    Multifamily Set to Take Off in 2025

    After 2+ years of apartment supply dominating the multifamily market, surging demand and the receding wave of newly-built apartments will bring greater balance to the market in 2025. With fundamentals so strong, multifamily investment interest should also increase in the coming year, but recent reporting has found that investment activity remains below historical averages. Stubbornly-high ten-year treasury yields represent a persistent financing challenge, but the lending environment could improve as the Federal Reserve continues along its path of lower interest rates. For the latest multifamily news from across the internet, visit the Gray Report website: ⁠https://www.grayreport.com/⁠ Sources discussed in this episode: Bureau of Labor Statistics: “Consumer Price Index, October 2024” - https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm Newmark: “Q3 2024 Multifamily Capital Markets: [Investors Subdued, Fundamentals Improve]” - https://www.nmrk.com/insights/market-report/united-states-multifamily-capital-markets-report Cushman & Wakefield: ​​Top Trends Across Cushman & Wakefield’s Multifamily Portfolio: Seasonal Cooldowns and “a very healthy renter pool”​ - https://www.cushmanwakefield.com/en/united-states/insights/top-trends-across-cw-multifamily-portfolio Cushman & Wakefield: ​​Top Trends Across Cushman & Wakefield’s Multifamily Portfolio: Seasonal Cooldowns and “a very healthy renter pool”​ - https://www.cushmanwakefield.com/en/united-states/insights/top-trends-across-cw-multifamily-portfolio Fannie Mae: “Fed Cuts Rates in Second Consecutive Meeting as Manufacturing and Services Surveys Diverge” - https://www.fanniemae.com/research-and-insights/forecast/fed-cuts-rates-second-consecutive-meeting-manufacturing-and-services-surveys-diverge NAHB: “A Rate Cut from the Fed: What Will the Terminal Rate Be?” - https://eyeonhousing.org/2024/11/a-rate-cut-from-the-fed-what-will-the-terminal-rate-be/ RealPage: “Some Perspective on the 50-Year Peak in Apartment Supply Volumes” - https://www.realpage.com/analytics/apartment-supply-peak-2024/ 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.

    1h 4m

  7. NOV 11

    Fed Cuts Rates 25 BPS! (also there was an election)

    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.

    1h 17m

  8. NOV 3

    Extend and Pretend Meets Grim Reality

    For lenders that are taking the "extend-and-pretend" approach, placing less emphasis on valuation declines, and waiting for lower rates, the risks have not abated, and the New York Fed has taken notice in a new report. Sources discussed in this episode: Federal Reserve Bank of New York: “Extend and Pretend in the U.S. CRE Market” - https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1130.pdf The Conference Board: “US Consumer Confidence” - https://www.conference-board.org/topics/consumer-confidence Harvard Joint Center for Housing Studies: “The Role of the Recent Immigrant Surge in Housing Costs” - https://www.jchs.harvard.edu/blog/role-recent-immigrant-surge-housing-costs John Burns Research and Consulting: “Slowing immigration set to give a smaller boost to housing” - https://jbrec.com/insights/immigration-slowdown-in-2025-expected-to-decrease-rental-demand/ Institutional Property Advisors: “Near-Record Product Absorption Maintained Through Third Quarter” - https://www.institutionalpropertyadvisors.com/research/special-report/2024/10/special-report-october-multifamily-market-intelligence CoreLogic: “National Rent Growth Remains Slow and Steady in August” - https://www.corelogic.com/press-releases/corelogic-national-rent-growth-remains-slow-and-steady-in-august/ Apartment List: “National Rent Report, October 2024” - https://www.apartmentlist.com/research/national-rent-data 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.

    56 min
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About

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.

Information

  • Creator
    Spencer Gray
  • Years Active
    2022 - 2024
  • Episodes
    164
  • Rating
    Clean
  • Copyright
    © Spencer Gray
  • Show Website
    The Gray Report Podcast

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