Sycamore Terrace
Sycamore Terrace is a 250-unit, class-A apartment community built in 2011 and located in Terre Haute, Indiana.
Property Key Features
Market:
Terre Haute, IN
Number of Units
250
Date Acquired:
12/06/2022
Sycamore Terrace is a best-in-class multifamily asset in affluent and suburban Terre Haute, Indiana. The proposed business plan includes a light-value add renovation and targets exterior curb appeal as well as a refreshed and modernized clubhouse and fitness center. Gray Capital acquired Sycamore Terrace in early December of 2022 and has made significant operational improvements since bringing the property under the management of Gray Residential.
Autumn Trails
Full-Cycle Project
Net IRR: 22%
Equity Multiple: 1.75x
Gateway Crossing
Gateway Crossing is a 156-unit apartment property built in 2005 and located in a suburb east of Indianapolis, IN.
Aberdeen
Aberdeen apartments is a modern 354-unit property built in 2002 and located in Camby, Indiana.
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.
Park 88
Built in 2017, Park 88 is a
160-unit core-plus acquisition
in growing suburban Des Moines.
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.