Full-Cycle Project Net IRR: 38% Equity Multiple: 3.44x
Property Key Features
Number of Units
Abbey Court is a 250-unit apartment community built in 1976 and located in Evansville, IN. A full-cycle project with an exit date of December 7, 2021, Gray Capital achieved a 38% net IRR and 3.44x net equity multiple during a 4-year investment period. A light value-add business plan was part of the execution of this project.
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Forest Ridge Apartments is a Class B+ apartment community located in Bloomington, Indiana and built in three phases between 2005 and 2008.
Net IRR: 38%
Equity Multiple: 3.44x
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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.