Fund III
The Bristol
Indianapolis, IN
211
Units
16.3%
Targeted IRR
2.5X
Targeted Equity Multiple
Highlights:
- Recapitalized from BAM Multifamily Growth Fund I
- 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-