Finding opportunity

Creating value

Midwest Focus

BAM Capital prioritizes B++, A-, and A multifamily assets with in-place cash flow and proven upside potential. This mitigates risk and allows the fund to target consistent monthly cash flow.

Vertical Integration

BAM Capital provides unmatched expertise via vertical integration and transparency. BAM Capital handles all steps of the investment life-cycle, from purchasing to remodeling to management, yielding a higher return for investors.

Local Experts

BAM Capital leverages local expertise and long-standing relationships with sellers, brokers, and builders to allow for expert knowledge on assets being purchased.

$ 0 M

EQUITY INVESTED

$ 0 M

ASSETS UNDER MANAGEMENT

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TOTAL UNITS

TOTAL PROPERTIES

Current Offering

BAM MULTIFAMILY GROWTH
& INCOME FUND II

This is a private real estate fund uniquely designed to yield consistent, reliable cash flow, long-term appreciation, and accelerated tax-shelter benefits. The fund aligns with BAM Capital’s demonstrated track record of successful multifamily investing. BAM Capital continues to implement its signature investment thesis and, in fund format, will allow for greater overall returns and lower risk through a multi-asset diversification strategy.

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Track Record

Fund Category Filters

Fund II

The Summit at Heritage

Grimes, IA

309

Units

15.37%

Targeted IRR

1.9x

Targeted Equity Multiple

Highlights:

Largest metropolitan statistical area in IA
Microsoft Corporation and Apple, Inc investing over $5 Billion, combined, in data centers
7.4% population growth next 5 years vs. US avg of 4.69% (Des Moines)
Key renter demo (18 to 35yrs) is expected to grow 56.2% by 2026 (Grimes)
#5 on Best Place to Live in the US; 2 years running (Des Moines)
Rapidly growing commercial, medical, educational, and cultural hub
Revenue growth: current rent trails competitors by $150 – $225
Easy access to 4 major highway systems

Metrics:

Total Square Footage: 296,237

Year Built: 2019 & 2020

Class: A

Fund II

Canal Flats

Fort Wayne, IN

204

Units

15.6%

Targeted IRR

1.96x

Targeted Equity Multiple

Highlights:

Economies of scale with Asset 2
Assuming favorable debt terms
Can pursue supplemental financing immediately
Systematic submarket rent growth due to proximity to Asset 2
Revenue growth: current rent trails competitors by $100 – $150
Favorable, larger floor plans
SW submarket achieved rent growth of 7.7% in 2020
Commercial, medical, educational, and cultural hub of Northeast Indiana

Metrics:

Total Square Footage: 212,558

Year Built: 2017

Class: A

Fund II

The Ventry

Fort Wayne, IN

180

Units

15.2%

Targeted IRR

1.99x

Targeted Equity Multiple

Highlights:

Second largest metropolitan statistical area in Indiana
Newest product in area with substantial revenue growth
current rent trails competitors by $100 – $150
SW submarket achieved rent growth of 7.7% in 2020
Commercial, medical, and cultural hub of Northeast Indiana
Easy access to six major highway systems
Major regional education hub with five award-winning higher education institutions such as Purdue University
Economies of scale with Asset 3 – Canal Flats

Metrics:

Total Square Footage: 161,060

Year Built: 2020

Class: A

Fund II

Waterstone at Green River

Evansville, IN

130

Units

16.2%

Targeted IRR

2.03x

Targeted Equity Multiple

Highlights:

Operational efficiencies with two sister properties
Immediate cost reduction in payroll & marketing costs
High growth corridor
New Costco in proximity
Easy access to I-69

Metrics:

Total Square Footage: 130,825

Year Built: 2016

Class: A

Fund I

The Reserve

Evansville, IN

158

Units

16.6%

Targeted IRR

2.5X

Targeted Equity Multiple

Highlights:

Operational efficiencies with sister properties
Immediate reduction in marketing costs
High growth corridor
New Costco in close proximity
Largest units in Evansville, IN

Metrics:

Total Square Footage: 172,085

Year Built: 2008

Class: A-

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-

Fund II

The Summit at Heritage

Grimes, IA

309

Units

15.37%

Targeted IRR

1.9x

Targeted Equity Multiple

Highlights:

Largest metropolitan statistical area in IA
Microsoft Corporation and Apple, Inc investing over $5 Billion, combined, in data centers
7.4% population growth next 5 years vs. US avg of 4.69% (Des Moines)
Key renter demo (18 to 35yrs) is expected to grow 56.2% by 2026 (Grimes)
#5 on Best Place to Live in the US; 2 years running (Des Moines)
Rapidly growing commercial, medical, educational, and cultural hub
Revenue growth: current rent trails competitors by $150 – $225
Easy access to 4 major highway systems

Metrics:

Total Square Footage: 296,237

Year Built: 2019 & 2020

Class: A

Fund II

Canal Flats

Fort Wayne, IN

204

Units

15.6%

Targeted IRR

1.96x

Targeted Equity Multiple

Highlights:

Economies of scale with Asset 2
Assuming favorable debt terms
Can pursue supplemental financing immediately
Systematic submarket rent growth due to proximity to Asset 2
Revenue growth: current rent trails competitors by $100 – $150
Favorable, larger floor plans
SW submarket achieved rent growth of 7.7% in 2020
Commercial, medical, educational, and cultural hub of Northeast Indiana

Metrics:

Total Square Footage: 212,558

Year Built: 2017

Class: A

Fund II

The Ventry

Fort Wayne, IN

180

Units

15.2%

Targeted IRR

1.99x

Targeted Equity Multiple

Highlights:

Second largest metropolitan statistical area in Indiana
Newest product in area with substantial revenue growth
current rent trails competitors by $100 – $150
SW submarket achieved rent growth of 7.7% in 2020
Commercial, medical, and cultural hub of Northeast Indiana
Easy access to six major highway systems
Major regional education hub with five award-winning higher education institutions such as Purdue University
Economies of scale with Asset 3 – Canal Flats

Metrics:

Total Square Footage: 161,060

Year Built: 2020

Class: A

Fund II

Waterstone at Green River

Evansville, IN

130

Units

16.2%

Targeted IRR

2.03x

Targeted Equity Multiple

Highlights:

Operational efficiencies with two sister properties
Immediate cost reduction in payroll & marketing costs
High growth corridor
New Costco in proximity
Easy access to I-69

Metrics:

Total Square Footage: 130,825

Year Built: 2016

Class: A

Fund I

The Reserve

Evansville, IN

158

Units

16.6%

Targeted IRR

2.5X

Targeted Equity Multiple

Highlights:

Operational efficiencies with sister properties
Immediate reduction in marketing costs
High growth corridor
New Costco in close proximity
Largest units in Evansville, IN

Metrics:

Total Square Footage: 172,085

Year Built: 2008

Class: A-

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-

Fund I

Hamilton Station

Pendleton, IN

192

Units

16.3%

Targeted IRR

2.5X

Targeted Equity Multiple

Highlights:

Favorable demographics
High-paying jobs, population increasing
Desirable school system
Within 15 mins of 5,000 medical jobs
$150 increase from rent restriction lift
$400 increase in ancillary revenue per unit
Upscale retail areas
Prior management deemed weak

Metrics:

Total Square Footage: 175,106

Year Built: 2000

Class: B+

Fund I

The Bristol

Indianapolis, IN

211

Units

16.3%

Targeted IRR

2.5X

Targeted Equity Multiple

Highlights:

Located near Indianapolis International Airport
Located near upscale shopping centers
Dynamic employment in logistics & e-commerce
Rent 11% below market
Immediate cost reduction (salaries, management fees, insurance)

Metrics:

Total Square Footage: 213,671

Year Built: 2004

Class: A-

Fund I

Aberdeen Apartments

Indianapolis, IN

354

Units

17.1%

Targeted IRR

2.0X

Targeted Equity Multiple

Highlights:

Located near 2nd largest FedEx Superhub
Easy interstate access
Located near upscale shopping and Indianapolis International Airport
Economies of scale with sister property (Bristol)
Immediate management cost reduction per unit of $1,900
Current rents $200 per unit below competitors
Apartment interiors recently upgraded without rent increases applied
Dynamic employment in logistics & e-commerce

Metrics:

Total Square Footage: 343,338

Year Built: 2010

Class: A-

Single Asset

The Gallery

Carmel, IN

Units

24.3%

Targeted IRR

1.53X

Targeted Equity Multiple

Highlights:

located on Main Street in the middle of Indianapolis’s most affluent northern suburb of Carmel
Record population growth since 2000: Westfield (229%), Noblesville (105%), Carmel (45%) and Fishers (135%)
Current submarket rent comparable properties have average rents $537+ per unit higher than The Gallery
Ability to reduce management cost by $800 per unit per year through managerial efficiencies
Extensive value-add to units and amenities (new pool, dog park, grilling area)
Short term hold (2-3yrs vs 5-7 typical hold)

Metrics: Total Square Footage: 63,274

Year Built: 2004

Class: A

Refi

Single Asset

Oakdale Square Apartments

Bloomington, IN

200

Units

∞

Targeted IRR

∞

Targeted Equity Multiple

Highlights:

90% value increase in under 3 years
All initial capital returned after a cash-out refinance (investors still retain their equity shares)
Renovation resulting in ~$200 in per door rent increases.
Ancillary revenue is up ~60% (applications fees, pet rent, water/sewer, trash, garage rent, admin fees, etc.)

Year Built: 1972

Class: B

Sold 11/2018

Single Asset

White River Village Apartments

Anderson, IN

Units

64%

Realized IRR

2.5X

Realized Equity Multiple

Highlights:

7-year business plan was achieved in 3 years
Significant management expense reduction
Replaced roofs, full interior renovation, redesigned sewage system and plumbing

Economics:

Targeted Hold time: 7 yrs
Realized Hold Time: 3 Yrs
Targeted IRR: 17%
Targeted Equity Multiple: 2.09X
Realized Equity Multiple: 2.55X

Year Built: 1967

Class: C+

Sold 12/2019

Single Asset

Fox Brook and Walnut Manor Apartments

Muncie, IN

161

Units

23%

Realized IRR

2.33X

Realized Equity Multiple

Highlights:

Shared management teams with sister property within close proximity which resulted in reduced maintenance expenses.
Light upgrades to units and amenities

Economics:

Targeted Hold Time: 7 yrs
Hold Time: 3 yrs
Targeted IRR: 19%
Realized (Net) IRR: 23%
Targeted Equity Multiple: 2.8X
Realized Equity Multiple: 1.8X

Year Built: 1996

Class: B

Sold 10/2020

Single Asset

Lexington Green Villa Capri Apartments

Speedway, IN

237

Units

23%

Realized IRR

2.33X

Realized Equity Multiple

Highlights:

10-year business plan was achieved in year 4; exceeding multiple and IRR return projections.
Infused $3M into unit and common area upgrades
Fully renovated 200 Units
Substantial capital expenditures: roofs, clubhouse pool

Economics

Targeted Hold Time: 10 yrs
Hold Time: 4 yrs
Targeted IRR: 17%
Realized (Net) IRR: 23%
Targeted Equity Multiple: 3.3X
Realized Equity Multiple: 2.33X

Year Built: 1968

Class: C+

Single Asset

Nantucket Cove Apartments

Champaign, IL

240

Units

16.55%

Targeted IRR

2.43X

Targeted Equity Multiple

Highlights:

Ideally located in Champaign (250k population), home to the University of Illinois (45k students)
Strong market employment including IBM, Kraft Heinz, FedEx, Yahoo!, AMD, Caterpillar, John Deere and Dow Chemical
Resort-style clubhouse and pool, state-of-the-art fitness center, yoga studio, full indoor basketball court, 1500sq ft business center, coffee bar, dog park, sand volleyball court, car care center, sundeck, grilling stations, and tennis court

Metrics:

Total Square Feet: 333,970

Year Built: 2006

Class: A-

Single Asset

Carmel Woods Apartments

Carmel, IN

314

Units

17.6%

Targeted IRR

2.62X

Targeted Equity Multiple

Highlights:

Positioned strategically within Carmel, IN
Voted #1 “Best Places to Live” by Niche.com #3 by Money Magazine
One of the fastest-growing cities in the nation
Infusing $5,732/unit in renovations: flooring, lighting, hardware, appliances, countertops, etc.

Metrics:

Total Square Feet: 289,458

Year Built: 1986

Class: B

Single Asset

Mad River Apartments

Dayton, OH

300

Units

17.75%

Targeted IRR

2.61X

Targeted Equity Multiple

Highlights:

Upgraded the amenity package with a new poolside fitness center and business center in the old fitness location and bark park.
Expense reduction through a more hands-on management approach
Ideally located adjacent to Dayton mall and other bustling employment
Easy commute to region’s largest employers (I-75, I675, SR 725 and SR 743)

Metrics:

Total Square Feet: 218,002

Year Built: 1988

Class: B+

Single Asset

Gateway Crossing Apartments

McCordsville, IN

160

Units

17%

Targeted IRR

2.6X

Targeted Equity Multiple

Highlights:

Increasing net operating income through management efficiencies
Upgraded amenities package including a new dog park
Rents $100 below competitors

Metrics:

Total Square Feet: 180,000

Year Built: 2004

Class: A-

Refi

Single Asset

Oakdale Square Apartments

Bloomington, IN

200

Units

∞

Targeted IRR

∞

Targeted Equity Multiple

Highlights:

90% value increase in under 3 years
All initial capital returned after a cash-out refinance (investors still retain their equity shares)
Renovation resulting in ~$200 in per door rent increases.
Ancillary revenue is up ~60% (applications fees, pet rent, water/sewer, trash, garage rent, admin fees, etc.)

Year Built: 1972

Class: B

Sold 11/2018

Single Asset

White River Village Apartments

Anderson, IN

Units

64%

Realized IRR

2.5X

Realized Equity Multiple

Highlights:

7-year business plan was achieved in 3 years
Significant management expense reduction
Replaced roofs, full interior renovation, redesigned sewage system and plumbing

Economics:

Targeted Hold time: 7 yrs
Realized Hold Time: 3 Yrs
Targeted IRR: 17%
Targeted Equity Multiple: 2.09X
Realized Equity Multiple: 2.55X

Year Built: 1967

Class: C+

Sold 12/2019

Single Asset

Fox Brook and Walnut Manor Apartments

Muncie, IN

161

Units

23%

Realized IRR

2.33X

Realized Equity Multiple

Highlights:

Shared management teams with sister property within close proximity which resulted in reduced maintenance expenses.
Light upgrades to units and amenities

Economics:

Targeted Hold Time: 7 yrs
Hold Time: 3 yrs
Targeted IRR: 19%
Realized (Net) IRR: 23%
Targeted Equity Multiple: 2.8X
Realized Equity Multiple: 1.8X

Year Built: 1996

Class: B

Sold 10/2020

Single Asset

Lexington Green Villa Capri Apartments

Speedway, IN

237

Units

23%

Realized IRR

2.33X

Realized Equity Multiple

Highlights:

10-year business plan was achieved in year 4; exceeding multiple and IRR return projections.
Infused $3M into unit and common area upgrades
Fully renovated 200 Units
Substantial capital expenditures: roofs, clubhouse pool

Economics

Targeted Hold Time: 10 yrs
Hold Time: 4 yrs
Targeted IRR: 17%
Realized (Net) IRR: 23%
Targeted Equity Multiple: 3.3X
Realized Equity Multiple: 2.33X

Year Built: 1968

Class: C+

SOLD 11/2021

Single Asset

Woods Edge Apartments

Muncie, IN

112

Units

27.3%

Realized IRR

4.21x

Realized Equity Multiple

Highlights:

Renovated all 112 units in the first two years solely with in-house maintenance team changing to modern grey paint scheme, adding new black appliances, new flooring, new countertops, new nickel hardware
Major Amenity Upgrades: Replaced several roofs, new playground equipment, redecorated clubhouse, replaced all exterior and common area lighting with LED fixtures, parking lot repairs and seal coat/restripe
Total rent grew 29.6% during operations
Average rent grew 19% during operations

Metrics:

Targeted Hold Time: 10 yrs
Hold Time:7 yrs
Targeted IRR: 17%
Realized (Net) IRR: 27.3%
Realized Equity Multiple: 4.21X

Year Built: 1996

Class: B

Sold 12/2021

Single Asset

Abbey Court Apartments

Evansville, IN

250

Units

37%

Realized IRR

3.2X

Realized Equity Multiple

Highlights:

$1.062M in capital expenditures completed organically over the 4 year hold period, ranging from common area painting, washer/dryer hookup installation, balcony repairs, roof replacements, green repairs (done completely in-house), masonry repairs, and HVAC replacement.
Average lease rent grew 19% over 4 year hold period (avg 4.8% Y-o-Y)
Total rent income grew 22.6% over 4 year hold period (avg 5.7% Y-o-Y)
NOI grew 81% final BAM T12 versus previous owner T12 ($796k to $1.44mm)
Total Operating Expense reduction of $675/unit from the previous owner

Metrics:

Hold Period: 4 years
Actual IRR: 37% (Target – 19.261%)
Actual Equity Multiple: 3.2x (Target – 2.79x)

Year Built: 1976

Class: B-

SOLD 06/2021

Single Asset

Fountain Parc Apartments

Indianapolis, IN

241

Units

32%

Realized IRR

2.42X

Realized Equity Multiple

Highlights:

Renovated 200 units
Major amenity upgrades: new leasing center, renovated fitness center, upgraded playground, new dog park, new bocce ball court
Average rent growth of 22.9% during operations
Total rent income grew 21.4% during operations

Metrics:

Targeted Hold Time: 10 yrs
Hold Time: 3.5 yrs
Targeted IRR: 33%
Realized (Net) IRR: 32%
Targeted Equity Multiple: 2.3X
Realized Equity Multiple: 2.42X

Year Built: 1965

Class: B-

How It Works

BAM Capital Finds Opportunities

From start to finish, BAM Capital handles the process of finding high-quality real estate opportunities and negotiates the purchasing and financing on your behalf.

You Invest as a Limited Partner

BAM Capital's focus on B, B+, B++, and A multifamily assets with upside potential offers investors a low-risk opportunity with lucrative assets.

BAM Capital Creates Forced Appreciation

The capital value of each asset is increased by reducing expenses and increasing rents. BAM Capital's vertical integration model mitigates investor risk.

You Receive Distributions

You reap the benefits of your cash flow-positive assets in addition to BAM Capital's best-in-class operational oversight and management services.

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SCHEDULE CALL

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BAM Capital Geography

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Acquisition Strategy

DEAL FLOW

BAM targets locations with
high-quality school systems
and population + job growth between 2-4%

UNDERWRITING

INITIAL REVIEW

BAM finds properties where the current rent is $100-200 lower than local competition, which can be increased with a light value add

BAM only purchases deals with in-place cashflow greater than 7% and high appreciation potential

BAM leverages deep, local relationships with brokers, sellers, and builders to acquire under market value

OFFER

ACQUISITION

BAM looks for assets built within
the past 20 years that come with updated floor plans and amenities allowing for lower maintenance costs

What Our Investors Have to Say

Mr. Wang Private Equity Consultant

I have many years experience as a financial Executive in Private Equity owned companies and am very impressed with the sharp, diligent, and methodical manner in which Ivan and his team run their businesses and work with their limited partners. I have invested in several projects and have been very satisfied with the results thus far.

Mrs. Barros Real Estate

My husband and I were looking for a profitable passive investment that would allow us peace of mind. We were impressed with BAM’s low-risk business model and the professionalism of their team. We chose to invest in the BAM Fund as a way to diversify our investment over multiple assets and have been pleased with the returns and timely reporting.

Dr. Harb Chiropractor

I have had the pleasure to work with BAM Capital on multiple occasions and capacities and couldn’t be happier! Exceptional customer service, supportive staff, and most importantly, the management team is there for you. I can't speak highly enough of BAM, the staff, and their care for their partners

Mohsen M. Telecommunications

I have been very happy with Ivan and his team of professionals. I have experience with five other real estate companies in a similar investor role. In this type of limited partner relationship, timely reporting and transparency are key to instill confidence. BAM has met or exceeded my expectations. I plan to continue to invest with this team for the foreseeable future.

Valerie & Jenni Real Estate

Sometimes investing seems cold and impersonal. However, for us, investing with BAM feels like a warm, high-touch, professional experience. Their team is dedicated to financial success for all, and we appreciate the attention to detail, and care for their community.

Finding opportunity

Midwest Focus

Vertical Integration

Local Experts

EQUITY INVESTED

ASSETS UNDER MANAGEMENT

TOTAL UNITS

TOTAL PROPERTIES

Current Offering

BAM MULTIFAMILY GROWTH & INCOME FUND II

Track Record

The Summit at Heritage

Grimes, IA

Canal Flats

Fort Wayne, IN

The Ventry

Fort Wayne, IN

Waterstone at Green River

Evansville, IN

The Reserve

Evansville, IN

Greenfield Crossing

Greenfield, IN

The Summit at Heritage

Grimes, IA

Canal Flats

Fort Wayne, IN

The Ventry

Fort Wayne, IN

Waterstone at Green River

Evansville, IN

The Reserve

Evansville, IN

Greenfield Crossing

Greenfield, IN

Hamilton Station

Pendleton, IN

The Bristol

Indianapolis, IN

Aberdeen Apartments

Indianapolis, IN

The Gallery

Carmel, IN

Oakdale Square Apartments

Bloomington, IN

White River Village Apartments

Anderson, IN

Fox Brook and Walnut Manor Apartments

Muncie, IN

Lexington Green Villa Capri Apartments

Speedway, IN

Nantucket Cove Apartments

Champaign, IL

Carmel Woods Apartments

Carmel, IN

Mad River Apartments

Dayton, OH

Gateway Crossing Apartments

McCordsville, IN

Oakdale Square Apartments

Bloomington, IN

White River Village Apartments

Anderson, IN

Fox Brook and Walnut Manor Apartments

Muncie, IN

Lexington Green Villa Capri Apartments

Speedway, IN

Woods Edge Apartments

Muncie, IN

Abbey Court Apartments

Evansville, IN

Fountain Parc Apartments

Indianapolis, IN

How It Works

BAM Capital Finds Opportunities

You Invest as a Limited Partner

BAM Capital Creates Forced Appreciation

You Receive Distributions

BAM Capital Geography

INVESTORS

BAM MULTIFAMILY GROWTH
& INCOME FUND II