Gray Capital Acquires 444-Unit River Club Apartments
24 April 2024, Indianapolis, IN: Gray Capital is pleased to announce the acquisition of Regency Club Apartments, a 444-unit class B apartment community located in Evansville, IN. The property was built in two stages in the 1980s with additional townhomes built in 2006. Gray Capital’s strategy with the property involves an immediate rebrand as River…
GO >Podcast: Fed delays rate cuts: Is this a multifamily buying opportunity?
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 >Breaking: Fed delays rate cuts? All in on multifamily?
Comments this week from Federal Reserve Chair Jerome Powell are among the most forceful indications yet that interest rate cuts may be delayed past initial expectations. While some extreme predictions push the rate cuts all the way out to March 2025, futures data is pointing closer to September (at the moment). These shifting interest rate…
GO >Gray Report Newsletter: April 18, 2024
Is the Fed Keeping Interest Rates High? Comments this week from Federal Reserve Chair Jerome Powell are among the most forceful indications yet that interest rate cuts may be delayed past initial expectations. While some extreme predictions push the rate cuts all the way out to March 2025, futures data is pointing to July or…
GO >CPI, Interest Rates, and Blackstone
A 3.5% annual jump in CPI inflation numbers has led investors and experts to rethink their expectations of an interest rate cut in mid-year 2024, but Blackstone’s recent agreement to acquire Apartment Income REIT Corp. for $10 billion could spark greater investment activity in spite of elevated interest rates, especially given the improving fundamentals in…
GO >Podcast: CPI, Interest Rates, and Blackstone’s $10B Multifamily REIT Acquisition
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 >Gray Report Newsletter: April 11, 2024
CPI Runs Hot and Multifamily Re-Ignites A 3.5% annual jump in CPI inflation numbers has led investors and experts to rethink their expectations of an interest rate cut in mid-year 2024, but Blackstone’s recent agreement to acquire Apartment Income REIT Corp. for $10 billion could spark greater investment activity in spite of elevated interest rates,…
GO >CRE Overview: Stable Multifamily, Improving Economy
Source – Moody’s Analytics: “Q1 2024 Preliminary Trend Announcement”Source – The Conference Board: “U.S. Leading Economic Indicators”Source – The Wall Street Journal: “What’s Wrong with the Economy? It’s You, Not the Data” Summary Economy: This isn’t explicitly stated in the Moody’s report, but alongside the GDP revised upward is recent data from the Conference Board…
GO >Made in the Midwest
Source – CBRE: “Made in the Midwest” Summary The “onshoring” or “reshoring” movement is more closely linked to industrial real estate than apartment real estate, but these plans to bring more manufacturing and production within the country can really transform a market or sub-market. I’m not sure what the effect could be across the country…
GO >Podcast: Getting Excited about a “Normal” Market
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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