Club Meridian
Club Meridian is a 406-unit apartment community built in 1989 and located in Okemos, Michigan, an affluent and growing suburb of Lansing.
Property Key Features
Market:
Okemos, MI
Number of Units
406
Date Acquired:
Club Meridian is a 406-unit apartment community built in 1989 and located in Okemos, Michigan, an affluent and growing suburb of Lansing.
The property’s high finish level and high level of maintenance has allowed it to compete with much newer properties, and part of Gray Capital’s strategy with the property involves a medium-level value-add renovation that has been proven to drive stronger rent growth for the property when fully implemented.
The Maxwell
The Maxwell is a class A luxury midrise apartment community located in the central business district of downtown Indianapolis, Indiana.
Aberdeen
Aberdeen apartments is a modern 354-unit property built in 2002 and located in Camby, Indiana.
River Club
River Club is a 444-unit, class-B apartment community built in 1981 and located in Evansville, Indiana.
Abbey Court
Full-Cycle Project
Net IRR: 38%
Equity Multiple: 3.44x
Oakdale Square
Oakdale Square is a 200-unit, Class B apartment community located in Bloomington, IN and built in 1972.
Pebble Brook
Pebble Brook Village is a 236-unit apartment property built in 2000 and located in Noblesville, 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.
