Fox Brook

Full-Cycle Project Net IRR: 23% Equity Multiple: 1.70x

Home » Properties » Fox Brook
Fox Brooke

Property Key Features

Market:

Muncie, IN

Number of Units

41

Date Acquired:

02/17/2017

Fox Brook Apartments is a 41-unit apartment community built in 2001 and located in Muncie, IN. A full-cycle project with an exit date of September 20, 2020, Gray Capital achieved a net IRR of 23% and a net equity multiple of 1.70x in the short three-and-a-half year investment period with the asset.

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.

Sycamore Terrace

Sycamore Terrace is a 250-unit, class-A apartment community built in 2011 and located in Terre Haute, Indiana.

River Club

River Club is a 444-unit, class-B apartment community built in 1981 and located in Evansville, 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.