• 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

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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

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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

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• 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

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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

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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

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• 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

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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

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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

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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

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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

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• 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

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Highlights:

• Operational efficiencies with sister properties
• Immediate reduction in marketing costs
• High growth corridor 
• New Costco in close proximity 
• Largest units in Evansville, IN 

Metrics:

• Total Square Footage: 172,085

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Highlights:

• Indiana’s 3rd fastest growing county
• Ability to increase rents
• Rent comparables 5% higher for lesser quality
• 3 million sq. ft. of e-commerce space
  (Walmart, Amazon, FedEx)
• Previous owner used 3rd party management
• High occupancy

Metrics:

• Total Square Footage:  270,000

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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

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