• 06 Jun, 2025

Gray Capital Launches $200MM Midwest Multifamily Fund to Acquire $500MM in Apartment Assets

Gray Capital Launches $200MM Midwest Multifamily Fund to Acquire $500MM in Apartment Assets

INDIANAPOLIS, June 5, 2025 -- Gray Capital, an Indianapolis-based multifamily investment firm, is pleased to announce the launch of its Midwest Multifamily Fund, an opportunistic investment vehicle designed for institutional investors, family offices, and ultra-high-net-worth individuals.

The Gray Midwest Multifamily Fund is a $200MM investment fund targeting $500MM of multifamily assets in the Midwest.

"We believe the multifamily sector is entering a highly opportunistic window, driven by increasing rental demand, tightening supply, and emerging distress signals," says Spencer Gray, President and CEO of Gray Capital. "This Fund is strategically positioned to acquire high-quality assets at attractive valuations, particularly in the dynamic Midwest markets of Indianapolis, IN and Columbus, OH."

Gray Capital's experienced team has executed over $2 billion in commercial real estate transactions and has successfully navigated market volatility without initiating investor capital calls, and the Fund leverages Gray Capital's proven, vertically-integrated management property management platform, Gray Residential, alongside industry-leading technology to deliver superior resident experiences, optimized revenue, and efficient cost management.

With asset management fees as low as 0.25%, an attractive 85/15 Limited Partner/General Partner split, and Gray Capital's $15 million (~10% of the Fund) co-investment, the Midwest Multifamily Fund is structured to maximize investor profitability and ensure alignment of interest with its investment partners.

The Fund targets existing value-add and core-plus multifamily assets and has a $1 million investment minimum. Although primarily aimed at institutional investors, individual investors may still access  investment opportunities directly through Gray Capital at lower minimum commitments.

The Fund's data room is now open, providing investors with comprehensive proprietary market research, the Private Placement Memorandum (PPM), and subscription documents.

For additional information and investment materials on The Gray Midwest Multifamily Fund, please visit  www.graycapitalllc.com or follow Gray Capital on LinkedIn, Instagram, and YouTube.

DISCLAIMERS: This is not an offer to invest. Any investment offer will be made through a private placement memorandum. 

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