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Gray Capital Acquires Third Asset for $100 Million Multifamily Fund with 250-Unit Sycamore Terrace in Terre Haute, Indiana

INDIANAPOLIS, IN - Real estate private equity firm Gray Capital has closed on their acquisition of Sycamore Terrace Apartments, a 250-unit luxury multifamily apartment community located in Terre Haute, IN. Gray Capitals strategy for this project includes repainting exteriors to enhance curb appeal, installation of a controlled access and gate system at the property, cosmetic improvements for the club house, and improved on-site management of the property through Gray Capitals property...
Stonybrook Commons George Tikijian Spencer Gray Hannah Ott Cushman Wakefield Cameron Benz

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Greystone Provides $48 Million in Fannie Mae Green Financing for Acquisition of 406-Unit Multifamily Community in Okemos, Michigan

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $48,000,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) green loan to acquire a 406-unit multifamily property in Okemos, Michigan. The financing was originated by Richard Kourbage, Managing Director in Greystone’s New York office, on behalf of the joint venture between Gray Capital and LRE Management. Constructed in 1989, Club Meridian in Ingham County is a garden-style...
Ingham County United States New York Freddie Mac Eric Londa Richard Kourbage

Gray Capital Completes First Acquisition for Multifamily Fund With 122-Unit Stonybrook Commons Apartments in Indianapolis

INDIANAPOLIS, IN - Multifamily investment firm Gray Capital has closed on Stonybrook Commons, a 122-unit apartment community located on Indianapoliss East side, built in 1991. Gray Capitals plans for the property include interior renovations with updated flooring and appliances as well as other modernizations and efficiency improvements. Additionally, $500k has been aimed at improving the exterior of Stonybrook and increasing curb appeal. Renovations include replacing several roofs,...
Stonybrook Commons Spencer Gray Cushman Wakefield Cameron Benz George Tikijian Hannah Ott Gray Fund

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