Portfolio & Track Record
BAM Capital Geography
Track Record
Fund IV

The Flats at Fishers Marketplace
Fishers, IN
306
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2015
Class A
Fund IV

Uptown Terrace
Rogers, AR
260
Units15-20%
Targeted IRR2.0-2.5x
Equity MultipleHighlights
- 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
Year Built: 2021
Class A
Fund IV

32 Union
Noblesville, IN
210
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2019
Class A
Fund III

Watermark at Jordan Creek
West Des Moines, IA
176
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2015
Class A
Fund III

Gateway Crossing Apartments
McCordsville, IN
160
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2004
Class A
Fund III

Autumn Ridge
Waukee, IA
434
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2017
Class A
Fund III

The Bristol
Indianapolis, IN
211
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Fund III

Hamilton Station
Pendleton, IN
192
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2000
Class A
Fund II

Park88 Apartments
Des Moines, IA
161
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2017
Class A
Fund II

The Summit at Heritage
Grimes, IA
309
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2019
Class A
Fund II

Canal Flats
Fort Wayne, IN
204
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2017
Class A
Fund II

The Ventry
Fort Wayne, IN
180
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2020
Class A
Fund II

Waterstone at Green River
130
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2016
Class A
Fund I

Legacy Landing
Des Moines, Iowa MSA
120
Units15-20%
Targeted IRR2.0-2.5x
Equity MultipleHighlights
- Class “A” community developed in 2015
- The 120-unit community is in the MSA of Des Moines, IA
Year Built: 2015
Class A
Fund I

The Ivy Town & Flats
West Lafayette, IN
266
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- Institutional Quality Asset
- Cash Flow Stability with Upside Potential
- Outstanding Location Near Major Economic Drivers (Adjacent to Purdue Research Park)
- Best in Class Unit and Community Amenities
- Highly Desirable Unit Mix Featuring Conventional Flats and Townhomes
Year Built: 2015
Class A
Fund IV

The Flats at Fishers Marketplace
Fishers, IN
306
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2015
Class A
Fund IV

Uptown Terrace
Rogers, AR
260
Units15-20%
Targeted IRR2.0-2.5x
Equity MultipleHighlights
- 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
Year Built: 2021
Class A
Fund IV

32 Union
Noblesville, IN
210
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2019
Class A
Fund III

Watermark at Jordan Creek
West Des Moines, IA
176
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2015
Class A
Fund III

Gateway Crossing Apartments
McCordsville, IN
160
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2004
Class A
Fund III

Autumn Ridge
Waukee, IA
434
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2017
Class A
Fund III

The Bristol
Indianapolis, IN
211
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Fund III

Hamilton Station
Pendleton, IN
192
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2000
Class A
Fund II

Park88 Apartments
Des Moines, IA
161
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2017
Class A
Fund II

The Summit at Heritage
Grimes, IA
309
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2019
Class A
Fund II

Canal Flats
Fort Wayne, IN
204
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2017
Class A
Fund II

The Ventry
Fort Wayne, IN
180
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2020
Class A
Fund II

Waterstone at Green River
130
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- 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
Year Built: 2016
Class A
Fund I

Legacy Landing
Des Moines, Iowa MSA
120
Units15-20%
Targeted IRR2.0-2.5x
Equity MultipleHighlights
- Class “A” community developed in 2015
- The 120-unit community is in the MSA of Des Moines, IA
Year Built: 2015
Class A
Fund I

The Ivy Town & Flats
West Lafayette, IN
266
Units15-20%
Targeted IRR2.0-2.5x
Targeted Equity MultipleHighlights
- Institutional Quality Asset
- Cash Flow Stability with Upside Potential
- Outstanding Location Near Major Economic Drivers (Adjacent to Purdue Research Park)
- Best in Class Unit and Community Amenities
- Highly Desirable Unit Mix Featuring Conventional Flats and Townhomes
Year Built: 2015
Class A
Single Asset

The Gallery
Carmel, IN
92
Units77.64%
Targeted IRR1.53x
Targeted Equity MultipleHighlights
- 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:
Class
Single Asset

Nantucket Cove Apartments
240
Units18.16%
Targeted IRR1.77x
Targeted Equity MultipleHighlights
- 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
Units27.16%
Targeted IRR2.70x
Targeted Equity MultipleHighlights
- 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
01/2023
Fund I

Pebble Brook Village
Noblesville, IN
236
Units39%
Realized IRR1.91x
Realized Equity MultipleHighlights
- 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 IRRx
Targeted Equity MultipleHighlights
- 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
11/2018
11/2018
Single Asset

White River Village Apartments
Anderson, IN
89
Units44.67%
Realized IRR2.55x
Realized Equity MultipleHighlights
- 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
12/2019
Single Asset

Fox Brook & Walnut Manor Apartments
Muncie, IN
161
Units23%
Realized IRR1.80x
Realized Equity MultipleHighlights
- 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
10/2020
Single Asset

Lexington Green Villa Capri Apartments
Speedway, IN
237
Units25.13%
Realized IRR2.33x
Realized Equity MultipleHighlights
- 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
11/2021
Single Asset

Woods Edge Apartments
Muncie, IN
112
Units27.3%
Realized IRR4.21x
Realized Equity MultipleHighlights
- 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
12/2021
Single Asset

Abbey Court Apartments
Evansville, IN
250
Units37%
Realized IRR3.2x
Realized Equity MultipleHighlights
- $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
06/2021
Single Asset

Fountain Parc Apartments
Indianapolis, IN
241
Units32%
Realized IRR2.38x
Realized Equity MultipleHighlights
- 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-

Private equity real estate fund for cash flow stability, long-term appreciation, and accelerated tax benefits. Targeting 15-20%+ IRR and 2.0x – 2.5x equity multiple in 3-5 years.