Stonybrook Commons

Stonybrook Commons is a 122-unit B apartment community located in Indianapolis, IN and built in 1990. 

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Stoney Brook Property

Property Key Features

Market:

Indianapolis, IN

Number of Units

122

Date Acquired:

05/23/2022

Stonybrook Commons is a 122-unit B apartment community located in Indianapolis, IN and built in 1990. 

Stonybrook is strategically located within immediate proximity to 9.5 million square feet of new logistics development set to bring hundreds of new jobs into the sub-market where there is no new supply of apartments in the pipeline. Gray Capital’s strategy for this asset involves harnessing the job growth of the area, improving operational efficiencies, and light value-add improvements to bring rents at or above comparable nearby properties.

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