Gray Property Group experienced significant growth and achievements in the third quarter of 2023 across all key areas of business: Investment, Brokerage, and Management. Below are the highlights of our focused intentions, milestones, and accomplishments.
Our brokerage team successfully closed two pivotal sales:
- 42 ½ Abbott Street, Nashua, NH: A 3-unit multifamily property sold by Nick Gray.
- 48 Mast Road, Goffstown, NH: A mixed-use property on a prime commercial corridor, listed by Nick & Caitlin Gray, went under contract approximately two weeks after listing on MLS. This transaction resulted in a contingency-free deal above the asking price, showcasing our team’s ability to negotiate favorable terms for our clients.
We significantly expanded our management portfolio, adding a total of 38 units across six properties:
- Saratoga Way – 1 unit
- Reed Street – 8 Units
- Bridge Street – 10 Units
- Cheney Place – 5 Units
- Hanover Street – 11 Units
- East High St – 3 Units
This expansion includes taking over the management of a 37-unit portfolio based in Manchester, NH. Our focus is on transforming these properties to raise the standard of multifamily housing, while ensuring sustainable and affordable returns for investors and improving the living standards for the working middle class.
With the expansion of our management portfolio, we have also grown our in-house maintenance team to include five technicians and one maintenance manager. This increase in capacity enables us to provide timely and efficient maintenance services, further enhancing the value and appeal of our managed properties.
Overall the third quarter of 2023 has been a period of dynamic growth and achievement for Gray Property Group. As we continue to expand our portfolio and improve our services, we remain committed to our mission of raising the standard of multifamily housing and delivering exceptional value to our clients and investors.
