Q4 2023 Multifamily Cap Rates Do Not Make Sense for Most Buyers

Q4-Oct-20-23

While recent comments and reports depict our current moment as a substantial opportunity for multifamily investors, there has been little disagreement about the headwinds for apartment performance in 2024, with continued rent growth stagnation and elevated interest rates as prominent challengers for investors. A more favorable environment for multifamily asset performance is expected to develop…

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Have Multifamily Prices Hit Bottom? What’s Happening on the Ground?

multifamily prices hit bottom

The Gray Capital team discusses cap rate trends and apartment supply. Also in this episode, Gray Capital President, CEO, and Co-Founder Spencer Gray brings Hannah Ott and Cameron Benz, powerhouse brokers on the Midwest Multifamily Team at Cushman & Wakefield, into the studio for a discussion of what’s happening on the ground for multifamily buyers…

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Podcast: Have Prices Hit Bottom for Multifamily?

hit-bottom - Oct-15-2023

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

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Will banks help borrowers “extend and pretend”?

Will banks help borrowers

Multifamily assets have proven their worth in both strong and weak economies, but cripplingly high interest rates have frozen the sales market for apartment properties in 2023, leaving the outlook unclear for 2024. Even though the potential for lenders to grant accommodations to troubled borrowers could extend the stagnation and uncertainty in the multifamily sales…

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Podcast: Loan Maturities Will Reshape the Market

loan-maturities-Sept-25-2023

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

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Multifamily Loans Are Coming Due. Borrowers: Find a Buyer or Drown in Debt?

loans coming due

Reports of persistently-high expenses for commercial real estate operators, extended periods of higher interest rates, and lower rent growth have compounded the potential for distress linked to the wave of multifamily loan maturities due in Q4 of this year. Solid, long-term fundamentals and robust housing demand continue to make multifamily an attractive investment, but for…

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Interest Rate Reality Check for the Multifamily Market

interest rate-Sept-25-2023

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

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Higher for Longer or Higher Forever? Interest Rates and the Multifamily Market

higher

The Federal Reserve decided this week to maintain the current Federal funds rate without an increase (or decrease), but their updated economic projections suggest that the Fed is more driven to sustain these elevated rates through 2024, increasing their end-of-year 2024 projection from 4.6% in June to 5.1% now. While CRE pricing has been trending…

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Enormous Housing Demand Is a Good Sign for Multifamily

enormous-Sept-16-2023

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

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