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Portfolio & Track Record


BAM Capital Geography


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Current Portfolio Performance


Across ~$1B of Assets Currently Under Management
June 30, 2023 – June 30, 2024 | Q2 Metrics

Rent Growth

5.5%

Year over Year

Occupancy

91.3%

Q2 Occupancy

Collections

99%

Q2 Collections

Reserves

$55,612,477

Portfolio Reserves

Loan to Value

61.4%

Loan to Value

Debt Coverage

1.41

Debt Coverage

Definitions

Rent growth in real estate is the rate at which rental prices increase over time.

This is the percentage of units that are occupied by a resident. The higher the percentage, the better the occupancy is.

 

Collections show the percentage of residents who are paying their rent. The higher the percentage, the more our residents are adhering to their payment schedules.

In real estate, reserves are funds set aside to cover future costs and financial obligations, especially those that are unexpected. This can be used for things such a storm damage and capital expenditures. 

The lease trade-out percentage is an indicator of whether new leases are renting above or below the average rents in place, and indicates whether rents to new residents are trending up or down.

 

Debt coverage is the net operating income divided by the annual debt service. For example, Freddie and Fannie’s minimum is 1.25 for most of their products.  And they are conservative. 

Track Record


Fund IV

Altitude 970

Kansas City, MO

291
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

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

Click here for virtual tour

Year Built: 2018
Class A
Fund IV

Ascent 430

Wexford, PA

319
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

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

Click here for virtual tour

Year Built: 2015
Class A
Fund IV

Nese Apartments

Whitestown, IN

240
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted 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
Targeted 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
1 2 3
Fund IV

Altitude 970

Kansas City, MO

291
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

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

Click here for virtual tour

Year Built: 2018
Class A
Fund IV

Ascent 430

Wexford, PA

319
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

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

Click here for virtual tour

Year Built: 2015
Class A
Fund IV

Nese Apartments

Whitestown, IN

240
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted 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
Targeted 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
1 2
Single Asset

The Gallery

Carmel, IN

92
Units
31.78%
Targeted IRR
1.62x
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
16.68%
Targeted IRR
1.79x
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
24.52%
Targeted IRR
2.75x
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
2.51x
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
24.16%
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
26%
Realized IRR
4.2x
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
31%
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-
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.

BAM Multifamily Growth & Income
Fund IV Offering Memorandum


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Name
You will receive a link to the Offering Memorandum to the email address provided.
Are you an accredited investor?
NOTE: we can only accept capital contributions from Accredited Investors. What is an accredited investor? Have earned upward of $200,000 (or more than $300,000 if jointly paired with a spouse) for each of the last two consecutive years & expect to earn the same in the current year. Possess a net worth of more than $1 million (either individually or in partnership with one’s spouse), not including the value of their primary residence.
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