fbpx

Portfolio & Track Record


BAM Capital Geography


site logo
Click to see more details.

Rent Growth

5.5%

Year over Year

Occupancy

92.8%

Q2 Occupancy

Collections

99.3%

Q2 Collections

Reserves

$49,185,581

Portfolio Reserves

Loan to Value

62.7%

Loan to Value

Debt Coverage

1.41

Debt Coverage

Track Record


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
Fund II

The Reserve

Evansville, IN

158
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

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

Click here for virtual tour

Year Built:
Class A-
Fund I

Greenfield Crossing

Greenfield, IN

272
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

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

Click here for virtual tour

Year Built: 1997
Class A-
Fund I

Aberdeen Apartments

Indianapolis, IN

354
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2010
Class A-
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
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
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+
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-
Sold
05/2022
Single Asset

Carmel Woods Apartments

Carmel, IN

314
Units
21.00%
Realized IRR
2.54x
Realized Equity Multiple

Highlights

  • Positioned strategically within Carmel, IN
  • Voted #1 “Best Places to Live” by Niche.com #3 by Money Magazine
  • One of the fastest-growing cities in the nation

  • Infusing $5,732/unit in renovations: flooring, lighting, hardware, appliances, countertops, etc.

Metrics

  • Total Square Feet: 289,458
Year Built: 1986
Class B
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
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
1 2 3
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
Fund II

The Reserve

Evansville, IN

158
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

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

Click here for virtual tour

Year Built:
Class A-
Fund I

Greenfield Crossing

Greenfield, IN

272
Units
15-20%
Targeted IRR
2.0-2.5x
Targeted Equity Multiple

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

Click here for virtual tour

Year Built: 1997
Class A-
Fund I

Aberdeen Apartments

Indianapolis, IN

354
Units
15-20%
Targeted IRR
2.0-2.5x
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

Click here for virtual tour

Year Built: 2010
Class A-
1 2
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


Please provide the information below to receive the Offering Memorandum. By submitting this form, you are agreeing to receive marketing emails and text messages from BAM Capital. You can unsubscribe at any time.
Please enable JavaScript in your browser to complete this form.
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.
=