Pinnacle on Meridian

A 36-unit luxury apartment community located at 86th & Meridian on Indianapolis' north side. 

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Pinnacle on Meridian Property

Property Key Features

Market:

Indianapolis, IN

Number of Units

36

Date Acquired:

11/01/2020

Pinnacle on Meridian is 36-unit luxury apartment community located at the intersection of 86th and Meridian on Indianapolis’s north side. 

Built in 2005, Pinnacle was originally constructed as a condominium complex with high-end, luxury finishes and amenities. In addition to converting the condos to market-rate apartments, Gray Capital’s strategy with the property also includes the buildout of five empty white box units to further increase the revenue for the asset.

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Abbey Court

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

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.