The Gray Report Podcast

About The Gray Report Podcast

The Gray Report Podcast, hosted by Gray Capital President and CEO Spencer Gray, covers the latest news and research on multifamily apartments, the housing market, and the macro-economy. Along with analysis and commentary on the most important trends for multifamily investors, episodes include interviews with industry experts and in-depth explanations of the crucial concepts and evolving conversations in the apartment industry and the commercial real estate investment market.

Publisher

Spencer Gray

Category

business

Language

en

Explicit

No

First episode

8 Feb 2022

Latest episode

9 Oct 2026

Latest episodes

255 episodes in the feed.

1. 

   9 Oct 2026

   How Do We Make Deals Work in this Environment?

   With the 10-year Treasury at 5.28%, apartment values down roughly 20–25% from the peak, and an energy shock feeding inflation, how do you still get deals done? Addison Luber, Gray Capital’s acquisitions specialist, joins the show to break down what he’s hearing from brokers and lenders. We cover why underwriting the downside beats chasing a home-run IRR, and why lowball offers deserve a second look. We also look at how the Iran war and energy prices are reshaping inflation and the Fed’s options. From there we get into the loan maturity wall, whether older workforce housing is about to get interesting again, and what institutional redemptions could mean for pricing. We finish with Midwest rent growth and why 2027 may be the year of concessions. Subscribe to the Gray Capital YouTube channel for the full video version.

2. 

   2 Oct 2026

   5% Treasuries and 7% Mortgages

   The 10-year Treasury just topped 5.25%, and Spencer Gray and Griffin Haddad dig into whether this is the long-awaited reset for multifamily or more pressure on deals already on the books. They talk return of capital vs. return on capital, why expense growth keeps eating into revenue gains, and a quick detour on AI spend and what it could mean for the broader economy. Then it's on to the Midwest's standout fundamentals, Indianapolis's surprising pull on new residents, a real supply-cliff story in the construction data, and why renting is looking more attractive than owning for a growing share of households. Plus: a milestone for The Gray Report newsletter, now in its 335th straight week. New episodes of The Gray Report drop every week — subscribe wherever you listen, and sign up for the newsletter at graycapitalllc.com.

3. 

   25 Sept 2026

   How 5% Rates Are Reshaping Multifamily

   The 10-year Treasury just hit 5%. Spencer Gray and Griffin Haddad break down what that means for multifamily sellers, why the "extend and pretend" era may be ending, and why we see this as one of the better buying windows in years — plus a look at the $2 trillion apartment debt wall, institutional deal flow, and why secondary markets like West Lafayette are outperforming. Brought to you by DealSpoke.

Who has been a guest on The Gray Report Podcast

Names identified in recent episode analyses. Showing up to five guests.

• George Maloomian
• Paul Fiorilla
• Carl Whitaker

Reach and audience

Public platform figures. Ratings count people who left a rating, not total listeners.

YouTube views

1,601,188

Score snapshot 15 Sept 2025

Apple Podcasts (US)

4.6 / 5

9 ratings

Spotify

4.9 / 5

7 ratings

Podcast Authority Score: 77 / 100

A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.

Quality

84

Social presence

0

YouTube

93

Engagement

82

Contact The Gray Report Podcast

Guest appearances

Books guests

Based on episode analysis; this does not confirm that the show is currently accepting guests.

Shows with a similar audience

• 

  The Rent Roll with Jay Parsons

• 

  The Promote Podcast

• 

  The TreppWire Podcast: A Commercial Real Estate Show

• 

  No Cap by CRE Daily

• 

  The Walker Webcast

• 

  Odd Lots

Questions about The Gray Report Podcast