Autumn Trails
Full-Cycle Project Net IRR: 22% Equity Multiple: 1.75x
Property Key Features
Market:
Indianpolis, IN
Number of Units
165
Date Acquired:
09/02/2020
Autumn Trails is a 165-unit apartment property built in 1987 and located in Indianapolis, IN.
Gray Capital’s strategy with Autumn Trails includes a targeted value-add renovation program to extend the useful life of the asset and to bring rents closer to market as well as introducing operational efficiencies and minor exterior improvements that will increase the quality of life of residents as well as the value of the property itself.
Aberdeen
Aberdeen apartments is a modern 354-unit property built in 2002 and located in Camby, Indiana.
Pinnacle on Meridian
A 36-unit luxury apartment community located at 86th & Meridian on Indianapolis’ north side.
Suncrest
Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.
Villas on Fir
Villas on Fir is a 290-unit, class-A apartment property built in 2018 and located in the growing and affluent suburb of Granger, IN (South Bend/Mishawaka MSA).
Waterstone
Waterstone is a 130-unit apartment property located in Evansville, IN and built in 2016.
The Crosswinds
The Crosswinds is a 122-unit B Class apartment community located in Indianapolis, IN and built in 1990.
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.