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Rental Prices Skyrocketed In The Past Two Years, So Reports Of A Slowdown Should Be Of Little Concern For Multifamily Investors

U.S. rent prices are slowing down, according to several recent reports. But what does that mean? Multifamily rent prices skyrocketed 20% to 30% in the past two years, so when any report shows that rent is "slowing," it's not necessarily time for multifamily landlords, owners and investors to hit the panic button. "No renter is talking about how cheap their rent is these days. The growth rate has slowed," real estate expert and Gray Capital CEO Spencer Gray told Benzinga....
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Source: yahoo.com

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Gray Capital Acquires Fourth Asset for Its $100 Million Multifamily Fund with 154-Unit Echo Park Apartment Community in Bloomington

INDIANAPOLIS, IN - 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, Indiana. Gray Capitals business plan includes a core-plus strategy to improve onsite management and significantly reduce expenses through efficiencies with other Bloomington multifamily assets. Gray Capitals property management company, Gray Residential, is now managing Echo Park as well as nearby...
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