Fountain Parc
Full-Cycle Project Net IRR: 31% Equity Multiple: 2.39x
Property Key Features
Market:
Indianapolis, IN
Number of Units
240
Date Acquired:
01/11/2018
Fountain Parc is a 240-unit apartment community built in 1965 and located in Indianapolis, IN. A full cycle project with an exit date of September 29, 2021, Gray Capital achieved a net IRR of 31% and an equity multiple of 2.39x during a three-and-a-half year investment period.
Carmel Woods
Full-Cycle Project
Net IRR: 33%
Equity Multiple: 2.54x
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.
Forest Ridge
Forest Ridge Apartments is a Class B+ apartment community located in Bloomington, Indiana and built in three phases between 2005 and 2008.
The Reserve
The Reserve is a 158-unit apartment community built in 2008 and located in Evansville, IN.
Solana at the Crossing
Solana at the Crossing is a 384-unit class-A apartment property located on the northeast side of Indianapolis, IN.
Fountain Parc
Full-Cycle Project
Net IRR: 31%
Equity Multiple: 2.39x
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.