fbpx

Multifamily Investment Opportunity

Sponsored by Gray Capital

Forest Ridge Apartments

Gray Capital is excited to announce the opportunity for accredited investors to invest in Forest Ridge Apartments.

Forest Ridge is an attractive, 114-unit, B+ class luxury multifamily property located in Bloomington, IN. A mid-sized university city with a dynamic economy driven by education, manufacturing, technology, and healthcare industries. This will be the third Gray Capital multifamily asset in Bloomington.

Passive investors enjoy all the benefits of real estate ownership while receiving regular tax sheltered cash-flow distributions with an 8% annual preferred return and a projected 2X multiple on invested capital over a 5-year hold.

Fill out the form below to get the full investment deck and to express interest to invest.

 

The Time To Invest In Multifamily Is Now

 Multifamily apartments are not only real assets, they are also one of the best inflation hedges compared to any other investment asset class. They have a long track record of appreciation, cash-flow, and tax benefits.

The United States is experiencing a severe housing shortage. 360k apartments will be built in 2021, however data suggests developers will fall nearly 100k units short of the 460k units of projected absorption. Multi-decade-high household formation, spurred by post-pandemic job growth, has lead to record occupancy levels, especially in economically resilient markets in the Midwest and South East.

Record-high home values have widened the affordability gap, creating an even larger number of renters-by-necessity, putting even more pressure on apartment demand. Rent growth is up 12% year over year nationally.

Simultaneously, demand for multifamily apartments from investors continues increasing as real yields on most bonds are negative. Global investors and retiring baby-boomers intensify their search for yield. A strong performance from multifamily assets during the pandemic only solidified the asset class’s claim to being “recession resilient.”

Interest rates are at a multi-millennial low, combined with strong growth is creating attractive yields for multifamily investors even in a low cap rate environment. Cap rates will continue to compress until growth slows significantly and or if and when interest rates rise.

Continued fiscal and monetary stimulus will keep growth and inflation levels elevated for the foreseeable future until growth eventually slows due to long standing demographic and technological forces. Central banks around the world will continue to adopt Modern Monetary Theory like policies, requiring interest rates near or below 0%.

One of the greatest transfers of wealth in human history is currently underway and real estate is the most time-tested method to grow and preserve wealth.

Given the current economic, demographic, and social trends, allocating to cash-flowing multifamily assets continue to be an incredibly compelling opportunity.

We look forward to your partnership.

Forest Ridge Key Features

  • Off Market Acquisition 
  • Rents $100-$500 below market
  • Stable and in-demand property (100% property occupancy, 98% market occupancy)
  • Dynamic Value-Add Strategy 
  • ’05-’08 construction – very well maintained
  • Excellent risk-adjusted return—14-19% Projected IRR
  • 8.8% average yearly cash-flow
  • 2X equity multiple over 5-year hold 
  • Experienced sponsor team with over $1B in transaction experience managing a portfolio of over 9,000 apartment units

Invest In Forest Ridge Below

 

Fill out the form below for more details on Forest Ridge Apartments and investing with Gray Capital.

Accredited investors only, not an offer to invest. Always consult your advisors before making any investment decision.