Value-Add
Autumn Trails
Autumn Trails offers residents an attractive living experience featuring private entrances, mature trees, and well-kept units with tremendous value.
Autumn Trails is located minutes from I-465 on Franklin Road, just south of 42nd street. The nearby area has numerous shopping and employment opportunities off of Pendleton Pike. Gray Capitalās strategy with Autumn Trails includes a targeted value-add renovation program to extend the useful life of the asset and to bring rents closer to market as well as introducing operational efficiencies and minor exterior improvements that will increase the quality of life of residents as well as the value of the property itself.
NOI at Autumn Trails has grown 17% since acquisition and continues to grow at a 9% annual rate.
After only 16 months of ownership, Autumn Trails was refinanced with permanent debt which allowed a return 50% of original capital to investors.
Autumn Trails continues to be help in the Gray Capital portfolio as performance and cash flow continue to grow.
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
Autumn Trails
Located minutes from I-465 on Franklin Road, just south of 42nd street. The nearby area has shopping & employment opportunities.
Value-Add
Suncrest
The investment thesis for Suncrest involves taking advantage of the expanding e-commerce and logistics industry on the west side of Indianapolis.
Core Plus
Villas on Fir
A great example of Gray Capitalās ability to find opportunities for cash flow and to exploit market inefficiencies with Core Plus Assets.
Value-Add
Oakdale Square
A class B apartment community located in Bloomington, 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.
