Suncrest

Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.

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Suncrest Property

Property Key Features

Market:

Indianapolis, IN

Number of Units

140

Date Acquired:

08/01/2021

Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.

Originally built in 1986 and renovated in 2015-2016, Suncrest benefits from the surging growth of the logistics industry and the high demand for housing in the area. Gray Capitalā€™s strategy with this asset involves harnessing the economic momentum of this sub-market, narrowing the gap between rents at Suncrest and other comparable properties, and a light-value add component and improvement of exteriors and community amenities.

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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.