2023 Q4 Company Update- October, November, December

In the fourth quarter of 2023, Gray Property Group focused on strategic growth and operational excellence. We learned the importance of vetting prospective clients and ensuring aligned visions and values for fruitful partnerships. To support our continued expansion, we began the process of hiring a dedicated Business Development Representative to identify, cultivate, and secure new property management opportunities. 


Our brokerage team had a successful quarter with two pivotal sales and one new listing:

  1. 80 Dover Street, Manchester, NH: Nick and Caitlin Gray sourced this 3-unit multifamily deal within a 45-day 1031 exchange identification period and guided it to a successful closing. Gray Property Group has now assumed property management duties at the property, our latest assignment in our mission to raise the standard of housing one property at a time.
  2. 500 Union Street, Portsmouth, NH: Brett Berger, our sales agent specializing in fix & flips on the New Hampshire Seacoast, transformed this property into a modern masterpiece. Acquired in November 2022 for $555,000, the property sold for an impressive $1,260,000 after a year of dedicated renovation.
  3. 210 North State Street, Concord, NH: Nick Gray listed an 8,718 SF, 6-unit office building offering strong, stable cash flow, no deferred maintenance, and a convenient location just outside Downtown Concord. 


These transactions exemplify Gray Property Group’s comprehensive services from acquisition to renovation to management to sale, ensuring maximum value for our clients at every step along the way.


Gray Property Group maintains forward momentum expanding our management portfolio, adding a total of 15 units:

  • Mary Ann Road – 2 Units⁠
  • Brook Street – 3 Units
  • Blaine Street – 3 Units⁠ ⁠
  • Dover Street – 3 Units ⁠
  • Taylor Street – 3 Units⁠
  • Howe Street – Single-Family


With the expansion of our portfolio and as part of our commitment to tenant safety and satisfaction, we initiated an in-house snow removal program for our multifamily management portfolio. This marks our first step towards bringing grounds maintenance in-house, ensuring timely and efficient snow removal during the winter months. ⁠


Related Posts


Master the numbers on your next real estate deal.

Get our FREE property financial model!