Lexington Green and Villa Capri

Full-Cycle Project Net IRR: 26% Equity Multiple: 2.33x

Home » Properties » Lexington Green and Villa Capri
Lexington Green and Villa Capri

Property Key Features

Market:

Speedway, IN

Number of Units

237

Date Acquired:

09/28/2016

Lexington Green/Villa Capri is a 237-unit apartment property located in Speedway, IN and built in 1964. A full-cycle project with an exit date of October 31, 2020, Gray Capital achieved a net IRR of 26% and a net equity multiple of 2.33x during its four-year investment period.

Forest Ridge

Forest Ridge Apartments is a Class B+ apartment community located in Bloomington, Indiana and built in three phases between 2005 and 2008.

Mad River

Mad River is a 302-unit apartment community built in 1983 and located in Dayton, OH.

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).

Oakdale Square

Oakdale Square is a 200-unit, Class B apartment community located in Bloomington, IN and built in 1972.

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.

Echo Park

Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.

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.