River Club
River Club is a 444-unit, class-B apartment community built in 1981 and located in Evansville, Indiana.
Property Key Features
Market:
Terre Haute, IN
Number of Units
444
Date Acquired:
04/18/2024
River Club is a 444-unit class-B apartment property located in Evansville, IN. The proposed business plan includes rebranding the asset as well as a value-add renovation that targets individual unit interiors, exterior curb appeal, and a refreshed and modernized clubhouse and fitness center. Gray Capital acquired River Club in April of 2024 and is managing the property through Gray Residential.
Park 88
Built in 2017, Park 88 is a
160-unit core-plus acquisition
in growing suburban Des Moines.
Abbey Court
Full-Cycle Project
Net IRR: 38%
Equity Multiple: 3.44x
Autumn Trails
Full-Cycle Project
Net IRR: 22%
Equity Multiple: 1.75x
Greenfield Crossing
Greenfield Crossing is a 272-unit apartment community located in Greenfield, IN and built in 1997.
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.
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.