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.
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).
Echo Park
Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.
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.
River Club
River Club is a 444-unit, class-B apartment community built in 1981 and located in Evansville, Indiana.
Sycamore Terrace
Sycamore Terrace is a 250-unit, class-A apartment community built in 2011 and located in Terre Haute, Indiana.
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.
