Fund I
Greenfield Crossing
Greenfield, IN
272
Units
16.2%
Targeted IRR
2.5X
Targeted Equity Multiple
Highlights:
- Indiana’s 3rd fastest growing county
- Ability to increase rents
- Rent comparables 5% higher for lesser quality
- 3 million sq. ft. of e-commerce space
(Walmart, Amazon, FedEx) - Previous owner used 3rd party management
- High occupancy
Metrics:
- Total Square Footage: 270,000
Year Built: 2008
Class: A-