Echo Park
Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.
Property Key Features
Market:
Bloomington, IN
Number of Units
152
Date Acquired:
02/23/2023
Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.
Gray Capital’s strategy with the property involves a core-plus strategy to improve onsite management and reduce expenses. Its beautiful, wooded surroundings and attractive amenities bring consistent demand from both student renters and non-student professionals in the area.
Carmel Woods
Full-Cycle Project
Net IRR: 33%
Equity Multiple: 2.54x
Gateway Crossing
Gateway Crossing is a 156-unit apartment property built in 2005 and located in a suburb east of Indianapolis, IN.
Greenfield Crossing
Greenfield Crossing is a 272-unit apartment community located in Greenfield, IN and built in 1997.
Autumn Trails
Full-Cycle Project
Net IRR: 22%
Equity Multiple: 1.75x
Pebble Brook
Pebble Brook Village is a 236-unit apartment property built in 2000 and located in Noblesville, IN.
Lexington Green and Villa Capri
Full-Cycle Project
Net IRR: 26%
Equity Multiple: 2.33x
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.