Apartments
Silicon Valley Failure and the Multifamily Market
What Does a Bank Collapse Have to Do with Multifamily? The recent collapse of Silicon Valley Bank is linked to the same misguided assumptions of persistent low interest rates that have contributed to the higher potential for distress in the multifamily market. Apartment owners with financing that was dependent on continued low interest rates are…
GO >Invaluable Apartment Market Analysis from Apartment List’s Igor Popov
Gray Capital President and CEO Spencer Gray speaks with Igor Popov, Chief Economist at Apartment, to explain the crucial trends driving housing, apartments, and the economy in 2023.
GO >Property Values and the Federal Reserve
Even at a delay of one month, the release of the minutes of the last FOMC meeting offer a revealing look at the Fed’s perspective, especially when coupled with the recent release of their stress test scenarios for the economy. Federal Reserve Bank of the United States: “Minutes of the Federal Open Market Committee January…
GO >Cracks Forming in Apartment Prices
Declining asset prices for commercial real estate, noted in several new reports as well as the recently-published minutes from last month’s meeting of the Federal Reserve Open Market Committee, have been a long-expected eventuality ever since interest rates began rising last year. While apartment asset prices are beginning to soften, strong fundamentals and positive rent…
GO >Multifamily Markets to Watch (for Distress)
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 real estate, and the economy. The Gray Report on Spotify The Gray Report on Google Podcasts The Gray Report on Apple Podcasts
GO >From Multifamily to the Metaverse
As the multifamily market slowly emerges from a sluggish winter, investors are diligently searching for buying opportunities. Analysts continue to look for the most likely markets to find distressed assets, and some investors are looking into digital metaverse real estate which, while infinitely more available than real-world multifamily properties, is severely lacking in the ability…
GO >Gray Capital Acquires 154-Unit Apartment Property Echo Park, the Fourth Asset in $100M Multifamily Fund
Indianapolis, IN, February 23, 2023: Real estate private equity firm Gray Capital has closed on their acquisition of Echo Park Apartments, a 154-unit luxury multifamily apartment community located in Bloomington, IN. Gray Capital’s business plan includes a core-plus strategy to improve onsite management and significantly reduce expenses through efficiencies with other Bloomington multifamily assets. Gray…
GO >The Reports Are In: Multifamily Performance in 2023
The most recent monthly reports from Apartment List, Yardi Matrix, and Redfin offer a valuable opportunity to assess the state of the multifamily market in a period of transition. Coming off of the deceleration in the latter half of 2022, the year-over-year rent growth numbers for the first few months of 2023 will be compared…
GO >CPI Rents Lag Inflation. What Will the Fed Do?
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 real estate, and the economy. The Gray Report on Spotify The Gray Report on Google Podcasts The Gray Report on Apple Podcasts
GO >Will Lagging Inflation Numbers Inflame the Fed?
The recent CPI report showed a nominal decrease in inflation compared to last year, but its 0.5% monthly increase is a sign that the inflation cooldown is going to be a bumpy ride. While those following the apartment market are familiar with the roughly 1-year lag between market rent growth and CPI-measured rent growth, it…
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