Value-Add

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Suncrest

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.

Suncrest Property

INFORMATION

Strategy

Value Add

Year Built

1986 (Renovated 2015-2016)

Hold Period

5 Years

Market

Indianapolis, IN

Number of Units

140

IRR

17-29% (Projected)

Cash on Cash

8%

Purchase Price

$13,500,000.00

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 Capitalā€™s 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.