Lexington Green and Villa Capri
Full-Cycle Project Net IRR: 26% Equity Multiple: 2.33x
Property Key Features
Market:
Speedway, IN
Number of Units
237
Date Acquired:
09/28/2016
Lexington Green/Villa Capri is a 237-unit apartment property located in Speedway, IN and built in 1964. A full-cycle project with an exit date of October 31, 2020, Gray Capital achieved a net IRR of 26% and a net equity multiple of 2.33x during its four-year investment period.
Villas on Fir
Villas on Fir is a 290-unit, class-A apartment property built in 2018 and located in the growing and affluent suburb of Granger, IN (South Bend/Mishawaka MSA).
Solana at the Crossing
Solana at the Crossing is a 384-unit class-A apartment property located on the northeast side of Indianapolis, IN.
Echo Park
Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.
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.
Forest Ridge
Forest Ridge Apartments is a Class B+ apartment community located in Bloomington, Indiana and built in three phases between 2005 and 2008.
River Club
River Club is a 444-unit, class-B apartment community built in 1981 and located in Evansville, Indiana.
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.
