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 Capital's business plan includes a core-plus strategy to improve onsite management and significantly reduce expenses through efficiencies with other Bloomington multifamily assets. Gray Capital's property management company, Gray Residential, is now managing Echo Park as well as nearby...
Source: multifamilybiz.com
