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