Lexington Green and Villa Capri

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

Lexington Green and Villa Capri

Property Key Features


Speedway, IN

Number of Units


Date Acquired:


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.

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.

Abbey Court

Full-Cycle Project
Net IRR: 38%
Equity Multiple: 3.44x


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.