Portfolio & Track Record


BAM Capital Geography


Track Record


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
Fund I

The Ivy Town & Flats

West Lafayette, IN

266
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • 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

Click here for Virtual Tour

Year Built: 2015
Class A
1 2
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
Fund I

The Ivy Town & Flats

West Lafayette, IN

266
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

Highlights

  • 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

Click here for Virtual Tour

Year Built: 2015
Class A
1 2
Single Asset

The Gallery

Carmel, IN

92
Units
77.64%
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-
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.