Gray Capital launches $200m Midwest multifamily fund to acquire $500m in apartment assets

Gray Capital launches $200m Midwest multifamily fund to acquire $500m in apartment assets.

Gray Capital, an Indianapolis-based multifamily investment firm, has launched its Midwest Multifamily Fund, an opportunistic investment vehicle designed for institutional investors, family offices and ultra-high-net-worth individuals.

“We believe the multifamily sector is entering a highly opportunistic window, driven by increasing rental demand, tightening supply and emerging distress signals,” said 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 and Columbus, Ohio.”

The fund targets existing value-added and core-plus multifamily assets and has a $1 million investment minimum. Although the fund is primarily aimed at institutional investors, individual investors may still access investment opportunities directl