Value-Add

Home » Case Studies » Value-Add

Autumn Trails

Autumn Trails is a 165-unit community built in 1987. Gray Capital executed a targeted value-add strategy aimed at extending the useful life of the asset while approximating effective rents to the market. Gray Capital held the asset for a 4-year investment period.

With an entry date of September 2020 and an exit date of August 2024, Gray Capital delivered a 22% IRR and a 1.75x equity multiple for Autumn Trails.

After only 16 months of ownership, Autumn Trails was refinanced with permanent debt which allowed a return 50% of original capital to investors.

Autumn Trails Property

INFORMATION

Strategy

Value-Add

Year Built

1987

Hold Period

10 Years

Market

Indianapolis, IN

Number of Units

165

IRR

15.5% (Projected)

Cash on Cash

11.3%

Purchase Price

$8,300,000.00

Value-Add

Oakdale Square

A class B apartment community located in Bloomington, IN.

Value-Add

Suncrest

The investment thesis for Suncrest involves taking advantage of the expanding e-commerce and logistics industry on the west side of Indianapolis.

Core Plus

Villas on Fir

A great example of Gray Capital’s ability to find opportunities for cash flow and to exploit market inefficiencies with Core Plus Assets.

Value-Add

Autumn Trails

Autumn Trails is a 165-unit community built in 1987. Autumn Trails is a full-cycle investment with a August 2020 entry date and an exit date of September 2024.

INVEST WITH US

Gray capital invests alongside our partners, joining sophisticated family offices and individual investors looking to take advantage of the unique benefits of multifamily real estate.

INVEST WITH GRAY CAPITAL >