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Gray Capital Acquires Fourth Asset for Its $100 Million Multifamily Fund with 154-Unit Echo Park Apartment Community in Bloomington

INDIANAPOLIS, IN - Real estate private equity firm Gray Capital has closed on their acquisition of Echo Park Apartments, a 154-unit luxury multifamily apartment community located in Bloomington, Indiana. Gray Capitals business plan includes a core-plus strategy to improve onsite management and significantly reduce expenses through efficiencies with other Bloomington multifamily assets. Gray Capitals property management company, Gray Residential, is now managing Echo Park as well as nearby...
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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...
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