River Club
River Club is a 444-unit, class-B apartment community built in 1981 and located in Evansville, Indiana.
Property Key Features
Market:
Terre Haute, IN
Number of Units
444
Date Acquired:
04/18/2024
River Club is a 444-unit class-B apartment property located in Evansville, IN. The proposed business plan includes rebranding the asset as well as a value-add renovation that targets individual unit interiors, exterior curb appeal, and a refreshed and modernized clubhouse and fitness center. Gray Capital acquired River Club in April of 2024 and is managing the property through Gray Residential.
Solana at the Crossing
Solana at the Crossing is a 384-unit class-A apartment property located on the northeast side of Indianapolis, IN.
Abbey Court
Full-Cycle Project
Net IRR: 38%
Equity Multiple: 3.44x
Autumn Trails
Full-Cycle Project
Net IRR: 22%
Equity Multiple: 1.75x
Pebble Brook
Pebble Brook Village is a 236-unit apartment property built in 2000 and located in Noblesville, IN.
Echo Park
Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.
Fox Brook
Full-Cycle Project
Net IRR: 23%
Equity Multiple: 1.70x
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.