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. The immediate sub-market is seeing significant job and wage growth; however, almost no new supply is set to come on line in the near future. Gray Capital has followed a tactical value-add strategy to add new amenities and increase the curb appeal of the asset to further its competitive position in the market.
INFORMATION
Strategy
Value Add
Year Built
1986 (Renovated 2015-2016)
Hold Period
5 Years
Market
Indianapolis, IN
Number of Units
140
IRR
17-29% (Projected)
Cash on Cash
8%
Purchase Price
$13,500,000.00
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.
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
Oakdale Square
A class B apartment community located in Bloomington, IN.
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.
