Pinnacle on Meridian
A 36-unit luxury apartment community located at 86th & Meridian on Indianapolis' north side.
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.
Greenfield Crossing
Greenfield Crossing is a 272-unit apartment community located in Greenfield, IN and built in 1997.
Gateway Crossing
Gateway Crossing is a 156-unit apartment property built in 2005 and located in a suburb east of Indianapolis, IN.
Lexington Green and Villa Capri
Full-Cycle Project
Net IRR: 26%
Equity Multiple: 2.33x
Oakdale Square
Oakdale Square is a 200-unit, Class B apartment community located in Bloomington, IN and built in 1972.
Mad River
Mad River is a 302-unit apartment community built in 1983 and located in Dayton, OH.
Waterstone
Waterstone is a 130-unit apartment property located in Evansville, IN and built in 2016.
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.