32 Union Noblesville Indiana Acquisition
BAM Capital is pleased to present 32 Union, a Class “A”, garden-style apartment community developed in 2019. This asset represents the first acquisition for BAM Multifamily Growth and Income Fund IV.
32 Union consists of 210 units and is located in Noblesville, Indiana, a northern suburb of demographics. Built with the amenities and interior unit finishes that cater to high-income earners, 32 Union offers residents a comprehensive amenity set, a desirable school system, upscale retail areas, and a close commute to high-paying jobs.
Project Highlights:
- Institutional Quality Asset Built in 2019
- Outstanding Location in Noblesville, an Affluent Suburb of Indianapolis
- Population Growth of 191% Since 2010 within a One Mile Radius
- Strong In-Place Cash Flow
- Below Market Rents by as much as $150/unit
- Year-over-Year Rent Growth of 19.7%
- Management/Operations Upside
- Economies of Scale with Other Assets Operated by The BAM Companies
- Limited Nearby New Construction
- Best-in-Class Amenities and Unit Interiors/Finishes
- Exceptional School System
Fund IV provides multifamily real estate investors with an ideal blend of cash flow stability, capital preservation, and long-term appreciation potential.
