MULTIFAMILY
REAL ESTATE
INVESTMENT

Gray Capital is a syndicator and vertically-integrated owner and operator of multifamily apartments. We are dedicated to executing exceptional real estate investment opportunities for family offices, RIAs, and individual investors.

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2025 MULTIFAMILY FORECAST

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"Fantastic reporting! Another syndication I'm an LP with provides a single email with a brief update. Your updates and reporting are top shelf. Thank you."

Robert McDonald

Gray Capital Investor

"I am very happy with my Gray Fund investment! Thoughtful strategy and solid returns. I appreciate the regular updates, on-time distributions, and the overall communication from the principals."

Cathi Scalise

Gray Capital Investor

"Gray Capital has been the highlight of our investment portfolio. The team communicates well and often with investors which is a definite plus."

Denise Costello

Gray Capital Investor

"Excellent multifamily owners and investors! I am sure Gray will be equally successful with Gray Construction and Gray Residential Management. Terrific group."

Therese Cochran

Multifamily Professional

"Very professional group of multifamily experts. Have enjoyed working with them on several projects."

Beau Ansty

Commercial Real Estate Executive

OUR PROPERTIES

Solana at the Crossing

Solana at the Crossing is a 384-unit class-A apartment property located on the northeast side of Indianapolis, IN.

River Club

River Club is a 444-unit, class-B apartment community built in 1981 and located in Evansville, Indiana.

Sycamore Terrace

Sycamore Terrace is a 250-unit, class-A apartment community built in 2011 and located in Terre Haute, Indiana.

Echo Park

Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.

Waterstone

Waterstone is a 130-unit apartment property located in Evansville, IN and built in 2016.

Walnut Manor

Full-Cycle Project
Net IRR: 23%
Equity Multiple: 1.70x

The Reserve

The Reserve is a 158-unit apartment community built in 2008 and located in Evansville, IN.

The Maxwell

The Maxwell is a class A luxury midrise apartment community located in the central business district of downtown Indianapolis, Indiana.

Pebble Brook

Pebble Brook Village is a 236-unit apartment property built in 2000 and located in Noblesville, IN.

Park 88

Built in 2017, Park 88 is a
160-unit core-plus acquisition
in growing suburban Des Moines.

Mad River

Mad River is a 302-unit apartment community built in 1983 and located in Dayton, OH.

Lexington Green and Villa Capri

Full-Cycle Project
Net IRR: 26%
Equity Multiple: 2.33x

Greenfield Crossing

Greenfield Crossing is a 272-unit apartment community located in Greenfield, IN and built in 1997.

Gateway Crossing

Gateway Crossing is a 156-unit apartment property built in 2005 and located in a suburb east of Indianapolis, IN.

Fox Brook

Full-Cycle Project
Net IRR: 23%
Equity Multiple: 1.70x

Fountain Parc

Full-Cycle Project
Net IRR: 31%
Equity Multiple: 2.39x

Carmel Woods

Full-Cycle Project
Net IRR: 33%
Equity Multiple: 2.54x

Aberdeen

Aberdeen apartments is a modern 354-unit property built in 2002 and located in Camby, Indiana.

Abbey Court

Full-Cycle Project
Net IRR: 38%
Equity Multiple: 3.44x

Oakdale Square

Oakdale Square is a 200-unit, Class B apartment community located in Bloomington, IN and built in 1972.

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WITH US

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secure financial freedom through cash-flowing multifamily apartments.

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NEWS & INSIGHTS

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