INDIANAPOLIS, IN – Multifamily investment firm Gray Capital has launched an anticipated $100 million equity fund to acquire large apartment communities located in the Midwest.

The Gray Fund seeks to purchase $300 million of multifamily complexes over the next three years, with a hold period of up to 10 years.

The investment fund will focus on acquiring assets within growing, stable markets in the Midwest, such as like Indianapolis, IN. The fund will target properties built after 1980 that offer value-add opportunities.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.