Carmel Woods
Full-Cycle Project Net IRR: 33% Equity Multiple: 2.54x
Property Key Features
Market:
Carmel, IN
Number of Units
314
Date Acquired:
12/01/2018
Carmel Woods is a 314-unit property located in Carmel, IN and built in 1986. With its location in an affluent suburb of Indianapolis, IN, Carmel Woods draws on the remarkable economic growth in the sub-market as well as the specific rent growth in the area.
A full-cycle project with an exit date of June 6, 2022, Gray Capital received a net IRR of 33% and an equity multiple of 2.54x during its 3.5-year investment period.
River Club
River Club is a 444-unit, class-B apartment community built in 1981 and located in Evansville, Indiana.
Lexington Green and Villa Capri
Full-Cycle Project
Net IRR: 26%
Equity Multiple: 2.33x
Gateway Crossing
Gateway Crossing is a 156-unit apartment property built in 2005 and located in a suburb east of Indianapolis, IN.
Oakdale Square
Oakdale Square is a 200-unit, Class B apartment community located in Bloomington, IN and built in 1972.
Autumn Trails
Full-Cycle Project
Net IRR: 22%
Equity Multiple: 1.75x
Park 88
Built in 2017, Park 88 is a
160-unit core-plus acquisition
in growing suburban Des Moines.
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.