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

Property Key Features
Market:
Evansville, IN
Number of Units
250
Date Acquired:
08/31/2017
Abbey Court is a 250-unit apartment community built in 1976 and located in Evansville, IN. A full-cycle project with an exit date of December 7, 2021, Gray Capital achieved a 38% net IRR and 3.44x net equity multiple during a 4-year investment period. A light value-add business plan was part of the execution of this project.
Gateway Crossing
Gateway Crossing is a 156-unit apartment property built in 2005 and located in a suburb east of Indianapolis, IN.
Walnut Manor
Full-Cycle Project
Net IRR: 23%
Equity Multiple: 1.70x
Fox Brook
Full-Cycle Project
Net IRR: 23%
Equity Multiple: 1.70x
Echo Park
Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.
Abbey Court
Full-Cycle Project
Net IRR: 38%
Equity Multiple: 3.44x
Suncrest
Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.
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.