GRAY CAPITAL MULTIFAMILY INVESTMENT OFFERING

River Club Apartments   |  444 Units  |  Evansville, IN

GRAY CAPITAL MULTIFAMILY INVESTMENT OFFERING

River Club Apartments   |  444 Units  |  Evansville, IN

GRAY CAPITAL MULTIFAMILY INVESTMENT OFFERING

River Club Apartments   |  444 Units  |  Evansville, IN

Learn more about Gray Capital's latest investment opportunity: River Club Apartments, a 444-unit apartment property in Evansville, IN.

Learn more about Gray Capital's latest investment opportunity: River Club Apartments, a 444-unit apartment property in Evansville, IN.

Why this deal? Favorable demographics, low-to-zero new inventory, and a great price and location.

Why this deal? Favorable demographics, low-to-zero new inventory, and a great price and location.

Why we like this deal

Attractive Returns

Attractive Returns

A projected IRR in the mid-to-high teens alongside strong cash flow sets River Club apart with strong risk-adjusted returns.

A projected IRR in the mid-to-high teens alongside strong cash flow sets River Club apart with strong risk-adjusted returns.

Great Basis

Great Basis

Acquired off-market, well below replacement cost at a 6.4% cap rate and $101K/unit—a 30% discount from the peak—affords LPs tremendous upside potential following execution of our value-add plan.

Acquired off-market, well below replacement cost at a 6.4% cap rate and $101K/unit—a 30% discount from the peak—affords LPs tremendous upside potential following execution of our value-add plan.

Submarket Demand

Submarket Demand

Steady demand & rising median income paired with a supply-constrained market establishes a need for middle market, amenity rich, improved living conditions. Evansville will see a 29% growth in households earning $50k/yr (our target demo), necessitating 2,812 additional rental units by 2027, and there are little-to-no new apartment units being built.

Steady demand & rising median income paired with a supply-constrained market establishes a need for middle market, amenity rich, improved living conditions. Evansville will see a 29% growth in households earning $50k/yr (our target demo), necessitating 2,812 additional rental units by 2027, and there are little-to-no new apartment units being built.

Forced Appreciation and Value-Add Strategy

Forced Appreciation and Value-Add Strategy

A rapid occupied renovation plan allows a much faster timeline to make physical improvements to the asset with the goal of increasing property value and revenue growth.

A rapid occupied renovation plan allows a much faster timeline to make physical improvements to the asset with the goal of increasing property value and revenue growth.

Tax Advantages

Tax Advantages

Cost segregation maximizes depreciation and paper losses for LP investors.  River Club is also 1031-eligible.

Cost segregation maximizes depreciation and paper losses for LP investors.  River Club is also 1031-eligible.

River Club Full Investment Deck

INVEST WITH GRAY CAPITAL

INVEST WITH GRAY CAPITAL

INVEST WITH GRAY CAPITAL

INVEST WITH GRAY CAPITAL

Follow the link below to gain access to the Gray Capital investment portal and River Club deal room and to receive the full investment deck for this offering.

Follow the link below to gain access to the Gray Capital investment portal and River Club deal room and to receive the full investment deck for this offering.

DISCLAIMERS: This is not an offer to invest. Opportunities are available to accredited investors only.

DISCLAIMERS: This is not an offer to invest. Opportunities are available to accredited investors only.

River Club Return Analysis Details

SCHEDULE A MEETING WITH OUR INVESTMENT TEAM

SCHEDULE A MEETING WITH OUR INVESTMENT TEAM

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.