The Gray Report Podcast

Multifamily Groundhog Day? Or Are Major Shifts on the Way?


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Investor sentiment in the multifamily market has settled into much the same place that it was at the start of 2024, but crucial improvements in multifamily fundamentals have driven more interest in multifamily investment in 2025, despite the added weight of higher-for-longer interest rates.


Sources discussed in this episode:


NMHC: “Survey of Quarterly Apartment Conditions” -https://www.nmhc.org/research-insight/quarterly-survey/2025/nmhc-quarterly-survey-of-apartment-conditions-january-2025/


Trepp: “Office & Multifamily Loans Drove CMBS Delinquencies Higher in 2024” -https://www.trepp.com/trepptalk/office-multifamily-loans-drive-cmbs-delinquencies-higher-in-2024& page 14 ofhttps://www.trepp.com/hubfs/The%20Year%20End%202024.pdf?hsCtaTracking=857fcec0-e018-4417-8a99-ddd9ab61552a%7C717682e1-077f-47bf-9226-e6c614ac4465


Freddie Mac: “Positive Outlook for Housing and the Economy in 2025” -https://www.freddiemac.com/research/forecast/20250124-us-economy-grew-stronger-pace


Marcus & Millichap: “Will CRE Investors Adapt to Higher Rates?” -https://www.marcusmillichap.com/research/videos/will-cre-investors-adapt-to-higher-rates & “Is Multifamily Poised for a Market Rebound in 2025?” -https://www.marcusmillichap.com/research/videos/is-multifamily-poised-for-a-market-rebound-in-2025


GlobeSt: “CRE Deal Volume Rebounds as Price Declines Stabilize” -https://www.globest.com/2025/02/03/cre-deal-volume-rises-and-price-declines-slow/


Learn about Gray Capital's latest multifamily deal for accredited investors:https://www.graycapitalllc.com/walcott/


Download Gray Capital's latest report:⁠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.

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The Gray Report PodcastBy Spencer Gray

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