The Crosswinds
The Crosswinds is a 122-unit B Class apartment community located in Indianapolis, IN and built in 1990.
Property Key Features
Market:
Indianapolis, IN
Number of Units
122
Date Acquired:
05/23/2022
The Crosswinds is a 122-unit B apartment community located in Indianapolis, IN and built in 1990.
Crosswinds is strategically located within immediate proximity to 9.5 million square feet of new logistics development set to bring hundreds of new jobs into the sub-market where there is no new supply of apartments in the pipeline. Gray Capital’s strategy for this asset involves harnessing the job growth of the area, improving operational efficiencies, and light value-add improvements to bring rents at or above comparable nearby properties.
Park 88
Built in 2017, Park 88 is a
160-unit core-plus acquisition
in growing suburban Des Moines.
Fountain Parc
Full-Cycle Project
Net IRR: 31%
Equity Multiple: 2.39x
Pinnacle on Meridian
A 36-unit luxury apartment community located at 86th & Meridian on Indianapolis’ north side.
Carmel Woods
Full-Cycle Project
Net IRR: 33%
Equity Multiple: 2.54x
Pebble Brook
Pebble Brook Village is a 236-unit apartment property built in 2000 and located in Noblesville, IN.
Lexington Green and Villa Capri
Full-Cycle Project
Net IRR: 26%
Equity Multiple: 2.33x
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.