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.

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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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FUND II WAITLIST

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Track Record

Fund Category Filters

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-

Fund I

Pebble Brook

Noblesville, IN

236

Units

16.1%

Targeted IRR

1.95X

Targeted Equity Multiple

Highlights:

Immediate mgmt cost reduction per unit of $900
Current rents $150 per unit below competitors
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%)

Metrics:

Total Square Footage: 207,990

Year Built: 2008

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 11/2021

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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BAM Capital Geography

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MULTI-DEAL INVESTORS

BERKADIA 2021

Indianapolis Multifamily Report

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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

Hamilton Station

Pendleton, IN

The Bristol

Indianapolis, IN

Aberdeen Apartments

Indianapolis, IN

Pebble Brook

Noblesville, IN

The Gallery

Carmel, IN

Oakdale Square Apartments

Bloomington, IN

Pebble Brook

Noblesville, 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

STATES

ASSETS

MULTI-DEAL INVESTORS

Acquisition Strategy

What Our Investors Have to Say

As Seen On

Head Office

Site Links

Resources

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BAM MULTIFAMILY GROWTH
& INCOME FUND II