Value-Add
Autumn Trails
Autumn Trails is a 165-unit community built in 1987. Gray Capital executed a targeted value-add strategy aimed at extending the useful life of the asset while approximating effective rents to the market. Gray Capital held the asset for a 4-year investment period.
With an entry date of September 2020 and an exit date of August 2024, Gray Capital delivered a 22% IRR and a 1.75x equity multiple for Autumn Trails.
After only 16 months of ownership, Autumn Trails was refinanced with permanent debt which allowed a return 50% of original capital to investors.
INFORMATION
Strategy
Value-Add
Year Built
1987
Hold Period
10 Years
Market
Indianapolis, IN
Number of Units
165
IRR
15.5% (Projected)
Cash on Cash
11.3%
Purchase Price
$8,300,000.00
Value-Add
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Value-Add
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Core Plus
Villas on Fir
A great example of Gray Capital’s ability to find opportunities for cash flow and to exploit market inefficiencies with Core Plus Assets.
Value-Add
Autumn Trails
Autumn Trails is a 165-unit community built in 1987. Autumn Trails is a full-cycle investment with a August 2020 entry date and an exit date of September 2024.
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.