This week on The Gray Report, Spencer and Griffin break down why the Midwest is quietly becoming one of the most compelling real estate investment stories in the country — and why most investors still aren’t paying attention. We also cover: 📊 Apartment List’s April rent report — are we seeing the start of a…

The Gray Report: Why Renters Are Driving 80% of U.S. Household GrowthIn this episode of The Gray Report, Spencer Gray and Griffin Haddad tackle the massive shift in the U.S. housing market: renters now represent 80% of all household growth. As single-family home affordability remains a challenge, the demand for high-quality rental housing is reaching…

Are we facing a housing crisis or a housing “challenge”? In this episode, Spencer Gray and Griffin Haddad break down the complex reality of the U.S. housing market. While new apartment deliveries have hit multi-decade highs, a structural decline in supply is already on the horizon. The guys dive into fresh data from the St.…

In this episode of The Gray Report, Spencer Gray sits down with CIO Jay Reeder to break down what’s happening in the multifamily real estate market. They cover why Indianapolis is emerging as a top investment market, how current economic conditions are impacting deals, and key concepts like DSCR in a simple, practical way. Blending…

This week on The Gray Report, Spencer Gray returns to the studio alongside Griffin Haddad to break down a chaotic macroeconomic environment. With oil prices spiking above $110 a barrel and material costs soaring, the downstream effects on multifamily development and operations are becoming impossible to ignore. Spencer and Griffin also sound the alarm on…

In this episode of the Gray Report, we sit down with Gray Capital’s newest Asset Manager, Matt Sulkowski, to break down one of the most overlooked metrics in multifamily investing: economic occupancy. We dive into: The difference between physical vs. economic occupancy Where “leakage” actually happens in a property How small operational changes can unlock…

This week on The Gray Report, Griffin Haddad and Spencer Gray (joining virtually!) welcome back friend of the pod, Carl Whitaker, Chief Economist at RealPage. We’re diving deep into multifamily market fundamentals and taking a forward-looking approach to the rest of 2026. We discuss why the Midwest is seeing a massive resurgence in interest from…

In this week’s episode of The Gray Report, we dive into the latest data from Yardi Matrix and Cred IQ, breaking down what 18 months of flat rent growth and rising special servicing rates mean for the multifamily market. We also explore what “yield” actually means for investors and where Gen Z is driving the…

Is the multifamily market about to break… or boom? In this episode of The Gray Report, Spencer Gray sits down with Gray Capital senior analyst Addison Lubert to break down what’s really happening in multifamily right now. 📉 Flat rent growth 💰 Massive loan maturities coming due 🌍 War, oil shocks, and recession risk Despite…

In this episode we break down the multifamily market and show the AI tools we’re building at Gray Capital to analyze deals, automate reporting, and gain an edge. Listen to the latest episode of The Gray Report Podcast and stay up to date on the most important news and research in the multifamily industry, commercial…