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.
Echo Park
Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.
River Club
River Club is a 444-unit, class-B apartment community built in 1981 and located in Evansville, Indiana.
Walnut Manor
Full-Cycle Project
Net IRR: 23%
Equity Multiple: 1.70x
Oakdale Square
Oakdale Square is a 200-unit, Class B apartment community located in Bloomington, IN and built in 1972.
Carmel Woods
Full-Cycle Project
Net IRR: 33%
Equity Multiple: 2.54x
Autumn Trails
Full-Cycle Project
Net IRR: 22%
Equity Multiple: 1.75x
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.