The investment thesis for Suncrest involves taking advantage of the expanding e-commerce and logistics industry on the west side of Indianapolis. The immediate sub-market is seeing significant job and wage growth; however, almost no new supply is set to come on line in the near future. Gray Capital has followed a tactical value-add strategy to add new amenities and increase the curb appeal of the asset to further its competitive position in the market.
1986 (Renovated 2015-2016)
Number of Units
Cash on Cash
Located minutes from I-465 on Franklin Road, just south of 42nd street. The nearby area has shopping & employment opportunities.
The investment thesis for Suncrest involves taking advantage of the expanding e-commerce and logistics industry on the west side of Indianapolis.
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.
A class B apartment community located in Bloomington, IN.
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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.