Forest Ridge
Forest Ridge Apartments is a Class B+ apartment community located in Bloomington, Indiana and built in three phases between 2005 and 2008.
Property Key Features
Market:
Bloomington, IN
Number of Units
114
Date Acquired:
12/14/2021
Forest Ridge Apartments is a 114-unit, Class B+ apartment community located in Bloomington, Indiana and built in three phases between 2005 and 2008.
Gray Capitalās strategy with the property involves narrowing the substantial gap between rents at Forest Ridge and other comparable properties and undertaking a light value-add renovation that includes a nature fit-trail that utilizes the substantial wooded area on the property that is not otherwise developable.
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).
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.
Forest Ridge
Forest Ridge Apartments is a Class B+ apartment community located in Bloomington, Indiana and built in three phases between 2005 and 2008.
Abbey Court
Full-Cycle Project
Net IRR: 38%
Equity Multiple: 3.44x
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.
Stonybrook Commons
Stonybrook Commons is a 122-unit B apartment community located in Indianapolis, IN and built in 1990.Ā
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.
