Carmel Woods
Full-Cycle Project Net IRR: 33% Equity Multiple: 2.54x
Property Key Features
Market:
Carmel, IN
Number of Units
314
Date Acquired:
12/01/2018
Carmel Woods is a 314-unit property located in Carmel, IN and built in 1986. With its location in an affluent suburb of Indianapolis, IN, Carmel Woods draws on the remarkable economic growth in the sub-market as well as the specific rent growth in the area.
A full-cycle project with an exit date of June 6, 2022, Gray Capital received a net IRR of 33% and an equity multiple of 2.54x during its 3.5-year investment period.
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.
Echo Park
Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.
Gateway Crossing
Gateway Crossing is a 156-unit apartment property built in 2005 and located in a suburb east of Indianapolis, IN.
Carmel Woods
Full-Cycle Project
Net IRR: 33%
Equity Multiple: 2.54x
Sycamore Terrace
Sycamore Terrace is a 250-unit, class-A apartment community built in 2011 and located in Terre Haute, Indiana.
Mad River
Mad River is a 302-unit apartment community built in 1983 and located in Dayton, OH.
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.
