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).

Property Key Features
Market:
Granger, IN
Number of Units
290
Date Acquired:
12/21/2020
Villas on Fir is a class A trophy real estate asset located in the growing and affluent suburb of Granger, IN (South Bend/Mishawaka MSA), minutes away from the prestigious campus of the University of Notre Dame.
The Villas on Fir offers the best choice in the market for luxury rental living with superior amenities, unit finishes, attached private garages for each unit and superb construction quality. With all the advantages the Villas has over the competition, rents were still below many of the comparable properties in the area upon acquisition.
Solana at the Crossing
Solana at the Crossing is a 384-unit class-A apartment property located on the northeast side of Indianapolis, IN.
Mad River
Mad River is a 302-unit apartment community built in 1983 and located in Dayton, OH.
Abbey Court
Full-Cycle Project
Net IRR: 38%
Equity Multiple: 3.44x
Gateway Crossing
Gateway Crossing is a 156-unit apartment property built in 2005 and located in a suburb east of Indianapolis, IN.
Greenfield Crossing
Greenfield Crossing is a 272-unit apartment community located in Greenfield, IN and built in 1997.
Walnut Manor
Full-Cycle Project
Net IRR: 23%
Equity Multiple: 1.70x
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.