Walnut Manor

Full-Cycle Project Net IRR: 23% Equity Multiple: 1.70x

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Walnut Manor

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.