Private Real Estate Value-Add Multifamily Indianapolis, IN

The middle market,
underwritten like an institution.

Everstone Capital acquires and repositions 5–100 unit multifamily across high-growth US markets — the segment institutional capital overlooks. Disciplined underwriting, durable risk-adjusted returns, and reporting our partners can rely on.

Where we build
Target Return Profile
Per asset · at underwriting
7%+
Cash-on-Cash
13%+
Target IRR
1.5x+
Equity Multiple
3–5 yr
Hold Period
$15K
Minimum Investment
Acquisition Process

The same discipline on every deal, start to close.

A repeatable process applied consistently — from market screening through investor reporting. The order matters, so we hold it.

I

Market screening

We target markets with proven rent growth, population inflow, and job diversification — then source within them through established broker relationships.

II

In-house underwriting

Every deal is underwritten internally against T-12 actuals, rent-roll data, and live comps. No assumptions, no projections built to impress.

III

Disciplined offers

We offer only when returns clear our thresholds at our price. Deals that miss the criteria we let go — regardless of market pressure.

IV

Investor reporting

Regular reporting on every active investment — financials, operational updates, and distributions on schedule. No surprises.

Investment Criteria

What we target.

Value-add multifamily with clear upside — through renovation, operational improvement, or market rent growth — in markets with durable demand fundamentals.

Asset size
5–100 units
Middle-market — below institutional scale, above the fragmented small-deal market.
Strategy
Value-add repositioning
Renovation, operations, and rent capture.
Discipline
Buy at our price
Returns clear thresholds before any offer.
Indiana
Indianapolis, Gary
Southeast
TN · KY · GA · FL
Midwest
Michigan
Southwest
Nevada
Current Deal Flow

Active acquisitions.

Deals under active pursuit. Each has been fully underwritten in-house against our return thresholds before any offer was submitted.

Atlas Apartments
Indianapolis, IN · 67 units
Under pursuit
A value-add repositioning with in-place rents running below market and clear upside through unit renovation. Strong Indianapolis fundamentals support long-term rent growth.
Offer
$3,630,000
Target CoC
8.0%
DSCR
1.79x
Price / unit
$54,179
Peachtree Apartments
Florida · 12 units
Under pursuit
Strong in-place income with light value-add upside. Returns clear our thresholds at acquisition price, with room to negotiate.
Offer
$1,270,000
Target CoC
8.0%
DSCR
1.78x
Price / unit
$105,833
Straley Apartments
Midwest · 32 units
Under pursuit
A mid-size asset with solid in-place fundamentals. Returns pencil near asking — a signal of strong current performance, with added upside through operational improvement.
Offer
$1,080,000
Target CoC
8.0%
DSCR
2.00x
Price / unit
$33,750
About the Firm

Everstone Capital

Everstone Capital is a private real estate investment firm focused on acquiring and repositioning multifamily assets across select high-growth US markets. We identify undervalued properties with clear operational upside, then execute on it through disciplined capital allocation and active asset management.

We apply an institutional underwriting process to middle-market deals — the segment most institutional capital overlooks. That's where we find value, and that's where our investors benefit.

01 — Process

Process-driven acquisitions

Every deal moves through the same rigorous underwriting before an offer is made.

02 — Alignment

Investor alignment

We invest alongside our partners. Our interests are aligned at every stage of the deal.

03 — Reporting

Transparent reporting

Regular financial and operational updates on every active investment.

04 — Discipline

Capital discipline

We walk away from deals that don't meet our return thresholds. Always.

Investor Relations

Request investor information.

We work with a select group of investors on each acquisition. Share a few details to receive our investor overview and be considered for upcoming opportunities.

Minimum $15,000Open to accredited and non-accredited investors.
Everstone Capital · Investor Relations

Inquiry received

Our team will be in touch shortly to discuss upcoming investment opportunities.