Walnut Manor
Full-Cycle Project Net IRR: 23% Equity Multiple: 1.70x
Property Key Features
Market:
Muncie, IN
Number of Units
120
Date Acquired:
02/07/2017
Walnut Manor is a 120-unit apartment property built in 1997 in Muncie, IN.
A full-cycle project with an exit date of September 20, 2020, Gray Capital achieved a net IRR of 23% and a net equity multiple of 2.33x in the short three-and-a-half year investment period with the asset.
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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.