Park 88
Built in 2017, Park 88 is a
160-unit core-plus acquisition
in growing suburban Des Moines.
Property Key Features
Market:
Des Moines, IA
Number of Units
160
Date Acquired:
03/01/2022
Built in 2017, Park 88 is a 160-unit core-plus acquisition in growing suburban Des Moines.
Autumn Trails
Full-Cycle Project
Net IRR: 22%
Equity Multiple: 1.75x
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Net IRR: 26%
Equity Multiple: 2.33x
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Fountain Parc
Full-Cycle Project
Net IRR: 31%
Equity Multiple: 2.39x
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.