Club Meridian
Club Meridian is a 406-unit apartment community built in 1989 and located in Okemos, Michigan, an affluent and growing suburb of Lansing.
Property Key Features
Market:
Okemos, MI
Number of Units
406
Date Acquired:
Club Meridian is a 406-unit apartment community built in 1989 and located in Okemos, Michigan, an affluent and growing suburb of Lansing.
The propertyās high finish level and high level of maintenance has allowed it to compete with much newer properties, and part of Gray Capitalās strategy with the property involves a medium-level value-add renovation that has been proven to drive stronger rent growth for the property when fully implemented.
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Club Meridian
Club Meridian is a 406-unit apartment community built in 1989 and located in Okemos, Michigan, an affluent and growing suburb of Lansing.
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Abbey Court
Full-Cycle Project
Net IRR: 38%
Equity Multiple: 3.44x
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.
