Multifamily
Real Estate Investing In Muncie

Creating Exceptional Value

35.14%

IRR*

2.58x

Equity Multiple*

3.4 years

Hold Period*

$184.8m

Total Distributions to Date

*Historical Realized Averages on 12 Exited Assets

Welcome from Ivan Barratt, Founder & CEO

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.

Current Offering


The BAM Multifamily Growth & Income Fund IV, a private real estate fund, seeks to balance cash flow stability, capital preservation, and long-term capital appreciation while providing superior risk-adjusted returns to investors.

$300 M+

Equity Invested

$1.025 B+

In Transactions

6,000+

Units

27

Properties

Track Record


Fund IV

Nese Apartments

Whitestown, IN

240
Units
15-20%
Targeted IRR
2.0-2.5x
Equity Multiple

Highlights

  • Institutional Quality Asset Developed in 2022
  • Outstanding Location in Whitestown, the Fastest Growing Suburb in Indiana
  • Population Growth of 255% Since 2010
  • Strong In-Place Cash Flow
  • Management/Operations Upside
  • Economies of Scale with Other Assets Operated by The BAM Companies
  • Best-in-Class Amenities and Unit Interiors/ Finishes
  • Exceptional School System

Click here for virtual tour

Year Built: 2022
Class A
Fund IV

The Flats at Fishers Marketplace

Fishers, IN

306
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • Institutional Quality Asset Built in 2015
  • Exceptional Location in Fishers, IN
  • Significant Economies of Scale – Up to $1,000 Savings in Operating Costs
  • Easy Accessibility to Major Economic Drivers and Upscale Retail
  • Outstanding Demographics with Explosive Population Growth

Click here for virtual tour

Year Built: 2015
Class A
Fund IV

Uptown Terrace

Rogers, AR

260
Units
15-20%
Targeted IRR
2.0-2.5x
Equity Multiple

Highlights

  • Institutional Quality Asset Built in 2021
  • Exceptional Location Anchored by Three Fortune 500 Companies
  • Strong Occupancy and In-Place Cash Flow
  • Significant Management Upside
  • Below Market Rent with First Generation Leases
  • Proven Leasing Demand – Limited New Class A Supply
  • Best-in-Class Amenities
  • Highly Visible and Accessible

Click here for virtual tour

Year Built: 2021
Class A
Fund IV

32 Union

Noblesville, IN

210
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

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
  • 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

Click here for virtual tour

Year Built: 2019
Class A
Fund III

Watermark at Jordan Creek

West Des Moines, IA

176
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • Increasing NOI through Management efficiencies
  • Economies for scale with 4 other sister assets (1000+ units) in the market within 20 mins
  • Rents an average of $250 below competitors

Click here for virtual tour

Year Built: 2015
Class A
Fund III

Gateway Crossing Apartments

McCordsville, IN

160
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2004
Class A
Fund III

Autumn Ridge

Waukee, IA

434
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • Built in 2017 & 2019
  • Below market rent by as much as $290/month
  • Significant management upside
  • Strong surrounding demographics
  • Strong and consistent in-place cash flow
  • A diverse set of floor plans and unit mix
  • Comprehensive amenity package featuring two swimming pools
  • Located near Wells Fargo’s 160-acre campus and major retail area

Click here for virtual tour.

Year Built: 2017
Class A
Fund III

The Bristol

Indianapolis, IN

211
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for Virtual Tour

Year Built: 2004
Class A
Fund III

Hamilton Station

Pendleton, IN

192
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • Recapitalized from BAM Multifamily Growth Fund I
  • 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

Click here for virtual tour

Year Built: 2000
Class A
Fund II

Park88 Apartments

Des Moines, IA

161
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • Economies of scale with Asset 3 – The Summit at Heritage
  • #1 Best Place to Live in the Midwest for High Salaries and Low Cost of Living
  • Rapidly growing commercial, medical, educational, and cultural hub
  • Near Des Moines University, Drake University, and Wells Fargo campus
  • Revenue growth
  • Current rent trails competitors by $150
  • Easy access to 4 major highway systems

Click here for virtual tour

Year Built: 2017
Class A
Fund II

The Summit at Heritage

Grimes, IA

309
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2019
Class A
Fund II

Canal Flats

Fort Wayne, IN

204
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2017
Class A
Fund II

The Ventry

Fort Wayne, IN

180
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2020
Class A
Fund II

Waterstone at Green River

130
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2016
Class A
Fund I

Legacy Landing

Des Moines, Iowa MSA

120
Units
15-20%
Targeted IRR
2.0-2.5x
Equity Multiple

Highlights

Year Built: 2015
Class A
1 2 3
Fund IV

Nese Apartments

Whitestown, IN

240
Units
15-20%
Targeted IRR
2.0-2.5x
Equity Multiple

Highlights

  • Institutional Quality Asset Developed in 2022
  • Outstanding Location in Whitestown, the Fastest Growing Suburb in Indiana
  • Population Growth of 255% Since 2010
  • Strong In-Place Cash Flow
  • Management/Operations Upside
  • Economies of Scale with Other Assets Operated by The BAM Companies
  • Best-in-Class Amenities and Unit Interiors/ Finishes
  • Exceptional School System

Click here for virtual tour

Year Built: 2022
Class A
Fund IV

The Flats at Fishers Marketplace

Fishers, IN

306
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • Institutional Quality Asset Built in 2015
  • Exceptional Location in Fishers, IN
  • Significant Economies of Scale – Up to $1,000 Savings in Operating Costs
  • Easy Accessibility to Major Economic Drivers and Upscale Retail
  • Outstanding Demographics with Explosive Population Growth

Click here for virtual tour

Year Built: 2015
Class A
Fund IV

Uptown Terrace

Rogers, AR

260
Units
15-20%
Targeted IRR
2.0-2.5x
Equity Multiple

Highlights

  • Institutional Quality Asset Built in 2021
  • Exceptional Location Anchored by Three Fortune 500 Companies
  • Strong Occupancy and In-Place Cash Flow
  • Significant Management Upside
  • Below Market Rent with First Generation Leases
  • Proven Leasing Demand – Limited New Class A Supply
  • Best-in-Class Amenities
  • Highly Visible and Accessible

Click here for virtual tour

Year Built: 2021
Class A
Fund IV

32 Union

Noblesville, IN

210
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

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
  • 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

Click here for virtual tour

Year Built: 2019
Class A
Fund III

Watermark at Jordan Creek

West Des Moines, IA

176
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • Increasing NOI through Management efficiencies
  • Economies for scale with 4 other sister assets (1000+ units) in the market within 20 mins
  • Rents an average of $250 below competitors

Click here for virtual tour

Year Built: 2015
Class A
Fund III

Gateway Crossing Apartments

McCordsville, IN

160
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2004
Class A
Fund III

Autumn Ridge

Waukee, IA

434
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • Built in 2017 & 2019
  • Below market rent by as much as $290/month
  • Significant management upside
  • Strong surrounding demographics
  • Strong and consistent in-place cash flow
  • A diverse set of floor plans and unit mix
  • Comprehensive amenity package featuring two swimming pools
  • Located near Wells Fargo’s 160-acre campus and major retail area

Click here for virtual tour.

Year Built: 2017
Class A
Fund III

The Bristol

Indianapolis, IN

211
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for Virtual Tour

Year Built: 2004
Class A
Fund III

Hamilton Station

Pendleton, IN

192
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • Recapitalized from BAM Multifamily Growth Fund I
  • 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

Click here for virtual tour

Year Built: 2000
Class A
Fund II

Park88 Apartments

Des Moines, IA

161
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • Economies of scale with Asset 3 – The Summit at Heritage
  • #1 Best Place to Live in the Midwest for High Salaries and Low Cost of Living
  • Rapidly growing commercial, medical, educational, and cultural hub
  • Near Des Moines University, Drake University, and Wells Fargo campus
  • Revenue growth
  • Current rent trails competitors by $150
  • Easy access to 4 major highway systems

Click here for virtual tour

Year Built: 2017
Class A
Fund II

The Summit at Heritage

Grimes, IA

309
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2019
Class A
Fund II

Canal Flats

Fort Wayne, IN

204
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2017
Class A
Fund II

The Ventry

Fort Wayne, IN

180
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2020
Class A
Fund II

Waterstone at Green River

130
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2016
Class A
Fund I

Legacy Landing

Des Moines, Iowa MSA

120
Units
15-20%
Targeted IRR
2.0-2.5x
Equity Multiple

Highlights

Year Built: 2015
Class A
1 2
Single Asset

The Gallery

Carmel, IN

92
Units
31.78%
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

Click here for virtual tour

Year Built:
Class
Single Asset

Nantucket Cove Apartments

240
Units
18.16%
Targeted IRR
1.77x
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

Mad River Apartments

Dayton, OH

300
Units
27.16%
Targeted IRR
2.70x
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+
Sold
01/2023
Fund I

Pebble Brook Village

Noblesville, IN

236
Units
39%
Realized IRR
1.91x
Realized Equity Multiple

Highlights

  • Immediate management cost reduction per unit of $900
  • Highest average income in Indianapolis MSA
  • Desirable school system
  • Easy commute to over 5,000 medical jobs
  • Prior management deemed weak
  • Record population growth since 2000: Westfield (229%), Noblesville (105%), Carmel (45%) and Fishers (135%)
Year Built:
Class
Refi
Single Asset

Oakdale Square Apartments

Bloomington, IN

200
Units
%
Targeted IRR
x
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.)

Click here for virtual tour

Year Built: 1972
Class B
Sold
11/2018
Single Asset

White River Village Apartments

Anderson, IN

89
Units
44.67%
Realized IRR
2.55x
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 & Walnut Manor Apartments

Muncie, IN

161
Units
23%
Realized IRR
1.80x
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
25.13%
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
2.38x
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.

The above link will take you to the free Investor Portal to view all current offerings. If you do not have an account already, please create one to view the information.

BAM Capital Geography


site logo
Click to see more details.

1,000 +

Investors

42

States

19

Assets

350+

Multi-Deal Investors

Berkadia 2022

Mid-Year Indianapolis Multifamily Report

Acquisition Strategy


Initial Review

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

Offer

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

Deal Flow

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

Underwriting

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

Acquisition

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

What Our Investors Have to Say


{ I've gotten involved with approximately 10 other sponsors over the last one and a half years. BAM Capital's level of communication and presentation is the most professional.
Mr. Becker
Entrepreneur
{ I've gotten involved with approximately 10 other sponsors over the last one and a half years. BAM Capital's level of communication and presentation is the most professional.
Mr. Becker
Mr. Becker
Entrepreneur
{ 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.  
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.  
Mrs. Barros
Mrs. Barros
Real Estate
{ 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.  
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.  
Dr. Harb
Dr. Harb
Chiropractor
{ 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.
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.
Valerie & Jenni
Valerie & Jenni
Real Estate
{ 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.
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.
Mr. Wang
Mr. Wang
Private Equity Consultant
{ 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.
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.
Mohsen M.
Mohsen M.
Telecommunications

As Seen On


Investing In Multifamily Syndication In Muncie

Muncie is an incorporated city and the seat of Delaware County, Indiana. It is located in East Central Indiana, about 50 miles northeast of Indianapolis. The United States Census for 2010 reported the city’s population was 70,085.

History

The city of Muncie was incorporated in 1865. Contrary to popular legend, the city is not named after a mythological Chief Munsee; it was actually named after Munsee Town, the white settlers’ name for the Indian village on the site, “Munsee” meaning a member of the Lenape people or one of their languages.

 

Population

Muncie is a city located in Delaware County Indiana. It is also the county seat of Delaware County. With a 2020 population of 67,767, it is the 11th largest city in Indiana and the 553rd largest city in the United States . Muncie is currently declining at a rate of -0.17% annually and its population has decreased by -3.31% since the most recent census, which recorded a population of 70,085 in 2010. Muncie reached it’s highest population of 77,216 in 1980. Spanning over 28 miles, Muncie has a population density of 2,473 people per square mile.

The average household income in Muncie is $47,966 with a poverty rate of 30.99%. The median rental costs in recent years comes to $722 per month, and the median house value is $73,500. The median age in Muncie is 28.6 years, 27.8 years for males, and 29.4 years for females.

Income

Muncie has an unemployment rate of 5.5%. The US average is 6.0%.

Muncie has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.

Tax Rates for Muncie

  • The Sales Tax Rate for Muncie is 7.0%. The US average is 7.3%.
  • The Income Tax Rate for Muncie is 4.3%. The US average is 4.6%.
  • Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Muncie

  • The average income of a Muncie resident is $16,986 a year. The US average is $28,555 a year.
  • The Median household income of a Muncie resident is $30,570 a year. The US average is $53,482 a year.

Climate

Muncie, Indiana gets 40 inches of rain, on average, per year. The US average is 38 inches of rain per year.

Muncie averages 22 inches of snow per year. The US average is 28 inches of snow per year.

On average, there are 185 sunny days per year in Muncie. The US average is 205 sunny days.

Muncie gets some kind of precipitation, on average, 127 days per year. Precipitation is rain, snow, sleet, or hail that falls to the ground. In order for precipitation to be counted you have to get at least .01 inches on the ground to measure.

Economy

From its early days as a regional trading center for the surrounding agricultural community to its first wave of industrial development brought on by the Indiana gas boom in the mid-1880s, Muncie has retained its ties to an industrial economy, and to a lesser extent its agricultural roots. In addition, the arrival of the forerunner to Ball State in the early twentieth century contributed to Muncie’s development as an educational center, while Ball Memorial Hospital, established in 1929, led to the city’s reputation as a healthcare center for east-central Indiana.

Muncie’s major industrial development included glass manufacturing, iron and steel mills, and automobile manufacturing and auto parts factories. Among its early major employers was the Ball Corporation, established by the Ball brothers of Buffalo, New York, who opened a glass factory in Muncie in 1888. Other notable manufacturers in addition to the Ball Corporation with operations in Muncie have included BorgWarner, The Broderick Company (aformer division of Harsco), Dayton-Walther Corporation, Delco Remy, General Motors, New Venture Gear, Hemingray Glass Company, Ontario Corporation, A. E. Boyce Company, Indiana Steel and Wire, and Westinghouse Electric.

Notable People or Businesses

Major Employers
Employees
Company
Principal Officer
Industry
City
Telephone

3,379

Ball State University

Geoffrey Mearns

Education

Muncie

765-289-1241

2,613

IU Health Ball Memorial and Physician Practices Team Members

Dr. Jeff Bird

Medical Services

Muncie

765-747-3111

650

Muncie Community Schools

Dr. Lee Ann Kwiatkowski

Education

Muncie

765-747-5211

633

Navient

Dan Vipperman

Customer Service Center

Muncie

765-283-3500

555

Concentrix

Sharon Bergen

Customer Service Center

Daleville

 

551

First Merchants Corporation

Scott McKee

Financial Services

Muncie

765-747-1500

550

 

Meridian Health Services

Hank Milius

Behavior Health

Muncie

765-254-5103

516

Youth Opportunity Center

Rick Rowray

Youth Services

Muncie

765-289-5437

500

Progress Rail

Jim Shirvinski

Rail and Transit Products

Muncie

765-741-5030

465

City of Muncie

Mayor Dan Ridenour

Government

Muncie

765-747-4846

571

MPT Muncie/Magna Powertrain

 

Stephen Brand

Manufacturing

Muncie

765-587-1301

452

Delaware County Government Offices

James King

Government

Muncie

765-747-7730

392

 

Delaware Community Schools

Reece Mann

Education

Muncie

765-284-5074

362

 

Lifetouch

Lori Boyer

Customer Service Center

Muncie

765-216-3224

765-289-4900

350

 

Hillcroft Services

Debbie Bennett

Social Services

Muncie

765-284-4166

349

 

Yorktown Community Schools

Dr. Gregory Hinshaw

Education

Yorktown

765-759-2720

323

 

Wal-Mart North

Beth Pea

Retail

Muncie

765-284-7181

234

 

Ivy Tech Community College

Jeff Scott

Education

Muncie

765-289-2291

300

 

Mursix Corporation

Todd Murray

Manufacturing

Yorktown

765-282-2281

295

 

DIY Group, Inc.

Denny Durham

Packaging and Distribution

Muncie

765-284-9000

274

 

Wal-Mart South

Vic Warner

Retail

Muncie

765-282-7467

273

Ontario Systems

Tim O’Brien

Software

Muncie

765-751-725

250

 

Maxon – A Honeywell Company

Diane LeDoux

Manufacturing

Muncie

765-284-3304

247

 

Westminster Village

Dale Lindley

Assisted Living

Muncie

765-288-2155

235

Terhunes, Inc./McDonald’s

Robert Terhune, Jr.

Restaurants

Muncie

765-284-8708

220

 

MutualBank

Dave Heeter

Financial Services

Muncie

765-747-2800

212

 

American Health Network, LLC

Sandy Dilts

Healthcare

Muncie

765-281-3443

765-286-8888

182

 

Meijer

Craig Hunter

Retail

Muncie

765-281-7800

181

 

Exide Technologies

Kevin Carpenter

Manufacturing

Muncie

765-747-9980

175

 

Keihin IPT Manufacturing

Kimberly West

Manufacturing

Muncie

765-213-4915

167

R&L Carriers

Human Resources

Freight Shipping

Alexandria

765-258-4160

160

American Electric Power

Ashley Savieo

Utility

Muncie

800-311-4634

150

 

Mid-West Metal Products, Inc.

Steve Smith

Manufacturing

Muncie

765-289-3355

143

 

Muncie Sanitary District

Bill Smith

Government

Muncie

765-747-4863

125

 

Muncie Power Products

Ray Chambers

Truck Equipment and Mobile Power

Muncie

765-284-7721

125

 

Liberty-Perry Schools

Bryan Rausch

Education

Selma

765-282-5615

124

 

Wes-Del Community Schools

Kyle Mealy

Education

Gaston

765-358-4006

85

 

Spartech

Don Heaslip

Manufacturing

Muncie

765-281-5100

80

 

Jarden Home Brands

Dave Tolbert

Packaging and Distribution

Muncie

765-557-3000

About BAM Multifamily Growth & Income Fund IV

BAM Capital created this fund in order to yield consistent and reliable cash flow, long-term appreciation, and accelerated tax benefits. The fund aligns with BAM Capital’s demonstrated track record of successful multifamily investing by continuing to implement our signature investment thesis, now in fund format. The fund aims for greater overall returns and lower risk through a multi-asset diversification strategy.

  • Consistent passive income
    Lower-risk assets with in-place cash flows with the ability to distribute preferred return after acquisition.
  • Significant tax benefits
    A cost segregation analysis allows for accelerated deprecation to years of ownership. This large passive loss gets passed onto investors through a K1.
  • Vertically integrated company
    In-house property management and construction allow for predictable cost reduction and value add.
Please read this disclaimer
The contents on this site are for informational and entertainment purposes only and do not constitute financial, investment, or legal advice. BAM Capital cannot guarantee that the information shared on this post or page is appropriate for you and your financial situation. By using this site, you agree to hold BAM Capital and any and all entities related to the writing & publishing including BAM Capital’s parent company harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Always consult your investment advisor, CPA, and other professionals before making an investment. BAM Capital is excited to help you grow your investment assets. Please contact us to see how we can help you.