Multifamily
Real Estate Investing In McCordsville
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
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
Altitude 970
Kansas City, MO
Highlights
- Institutional Quality Asset Built with Best-in-Class Amenities
- Exceptional Location in Kansas City, MO
- Significant Economies of Scale – Up to $800 Savings in Controllable Expenses per Unit Annually
- Ability to Maximize Ancillary Income by over $1,000 per Unit Annually
- In-Place Rents are 7.7% Below the Best Market Comp
- Near Up-and-Coming Economic Drivers
- Submarket Exceeded 25% Total Rent Growth in Last Five Years
- Park Hill School District Ranks in Top 10% of All School Districts in Nation
Ascent 430
Wexford, PA
Highlights
- Institutional Quality Asset Built with Best-in-Class Amenities
- Exceptional Location in Wexford, PA
- Significant Economies of Scale – Up to $1,400 Savings in Operating Costs per Unit Annually
- Ability to Maximize Ancillary Income by over $800 per Unit Annually
- In-Place Rents are 8.56% Below the Best Market Comps
- Wallet Share of only 16.64% in Wexford, PA
- Nationally-Ranked Education – North Allegheny School District is 27th Best in the US
- Easy Accessibility to Major Economic Drivers
Nese Apartments
Whitestown, IN
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
The Flats at Fishers Marketplace
Fishers, IN
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
Uptown Terrace
Rogers, AR
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
32 Union
Noblesville, IN
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
Watermark at Jordan Creek
West Des Moines, IA
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
Gateway Crossing Apartments
McCordsville, IN
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
Autumn Ridge
Waukee, IA
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
The Bristol
Indianapolis, IN
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
Hamilton Station
Pendleton, IN
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
Park88 Apartments
Des Moines, IA
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
The Summit at Heritage
Grimes, IA
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:Â 296,237
Canal Flats
Fort Wayne, IN
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:Â 212,558
The Ventry
Fort Wayne, IN
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
Altitude 970
Kansas City, MO
Highlights
- Institutional Quality Asset Built with Best-in-Class Amenities
- Exceptional Location in Kansas City, MO
- Significant Economies of Scale – Up to $800 Savings in Controllable Expenses per Unit Annually
- Ability to Maximize Ancillary Income by over $1,000 per Unit Annually
- In-Place Rents are 7.7% Below the Best Market Comp
- Near Up-and-Coming Economic Drivers
- Submarket Exceeded 25% Total Rent Growth in Last Five Years
- Park Hill School District Ranks in Top 10% of All School Districts in Nation
Ascent 430
Wexford, PA
Highlights
- Institutional Quality Asset Built with Best-in-Class Amenities
- Exceptional Location in Wexford, PA
- Significant Economies of Scale – Up to $1,400 Savings in Operating Costs per Unit Annually
- Ability to Maximize Ancillary Income by over $800 per Unit Annually
- In-Place Rents are 8.56% Below the Best Market Comps
- Wallet Share of only 16.64% in Wexford, PA
- Nationally-Ranked Education – North Allegheny School District is 27th Best in the US
- Easy Accessibility to Major Economic Drivers
Nese Apartments
Whitestown, IN
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
The Flats at Fishers Marketplace
Fishers, IN
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
Uptown Terrace
Rogers, AR
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
32 Union
Noblesville, IN
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
Watermark at Jordan Creek
West Des Moines, IA
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
Gateway Crossing Apartments
McCordsville, IN
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
Autumn Ridge
Waukee, IA
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
The Bristol
Indianapolis, IN
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
Hamilton Station
Pendleton, IN
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
Park88 Apartments
Des Moines, IA
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
The Summit at Heritage
Grimes, IA
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:Â 296,237
Canal Flats
Fort Wayne, IN
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:Â 212,558
The Ventry
Fort Wayne, IN
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
The Gallery
Carmel, IN
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
Nantucket Cove Apartments
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
Mad River Apartments
Dayton, OH
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
01/2023
Pebble Brook Village
Noblesville, IN
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%)
Oakdale Square Apartments
Bloomington, IN
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.)
11/2018
White River Village Apartments
Anderson, IN
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
12/2019
Fox Brook & Walnut Manor Apartments
Muncie, IN
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
10/2020
Lexington Green Villa Capri Apartments
Speedway, IN
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
11/2021
Woods Edge Apartments
Muncie, IN
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
12/2021
Abbey Court Apartments
Evansville, IN
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)
06/2021
Fountain Parc Apartments
Indianapolis, IN
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
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.
BAM Capital Geography
Click to see more details.
1,000 +
Investors
42
States
19
Assets
350+
Multi-Deal Investors
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
As Seen On
McCordsville is a town in Vernon Township, Hancock County, Indiana, United States. The population was 4,797 at the 2010 census. The town is a fast-growing suburb of Indianapolis with an estimated population of 7,750 in 2020.
History
McCordsville has a long history for the Midwest, having been first laid out and platted in 1865. It was named after the local McCord family, who had a general store there. It wasn’t until 1988 when McCordsville was officially incorporated and, since that time, has become the second-largest municipality in Hancock County. It currently has a population of 7,000 residents, seeing continual population growth in the past 30 years.
Population
McCordsville is a city located in Indiana. With a 2020 population of 8,221, it is the 92nd largest city in Indiana and the 3551st largest city in the United States . McCordsville is currently growing at a rate of 4.73% annually and its population has increased by 71.38% since the most recent census, which recorded a population of 4,797 in 2010. McCordsville reached it’s highest population of 8,221 in 2021. Spanning over 7 miles, McCordsville has a population density of 1,181 people per square mile.
The average household income in McCordsville is $109,051 with a poverty rate of 3.84%. The median rental costs in recent years comes to $1,228 per month, and the median house value is $230,000. The median age in McCordsville is 33.9 years, 32.5 years for males, and 35.2 years for females.
Income
The average salary in McCordsville, IN is $19.52. Trends in wages increased by 2.9 percent in Q3 2021. The cost of living in McCordsville, IN is NaN percent lower than the national average. The most popular occupations in McCordsville, IN are Certified Occupational Therapy Assistant (COTA), Expanded Functions Dental Assistant (EFDA), and Nanny which pay between $10.69 and $39.74 per year. The most popular employers in McCordsville, IN are American Senior Communities, Inc. and Meijer, Inc.
Climate
In McCordsville, the summers are long, warm, humid, and wet; the winters are freezing, snowy, and windy; and it is partly cloudy year round. Over the course of the year, the temperature typically varies from 21°F to 84°F and is rarely below 3°F or above 91°F.Based on the tourism score, the best time of year to visit McCordsville for warm-weather activities is from mid June to mid September.
Economy
McCordsville has an unemployment rate of 3.5%. The US average is 6.0%.
McCordsville has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.
Tax Rates for McCordsville
- The Sales Tax Rate for McCordsville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for McCordsville is 4.8%. The US average is 4.6%.
Notable People or Businesses
Below, we’ll give you a complete list of Indiana’s Top largest companies, but first, here’s a look at the top 10:
Go ElectricAnthem
Cummins
Eli Lilly and Company
Berry Global
Franciscan Health
Zimmer Biomet
Thor Industries
Guidant
National Recovery Systems
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.