Ivan Barratt Founded
Barratt Asset
Management (BAM)
After earning a finance degree from Indiana University’s Kelley School of Business, Ivan buys his first income producing property. Then, he starts an apprenticeship at Pittman Partners (Development Firm), focusing on feasibility, zoning, risk management, disposition, and acquisition. After learning to prepare while others panicked during the Great Financial Crisis, Ivan decides to put his investment thesis into practice and launches BAM. Starting small, Ivan uses his own capital, adheres to the “fail fast and fail small” mantra, and learns as he goes.
BAM ACQUIRES FIRST
COMMERCIAL MULTIFAMILY PROPERTY
BAM teams up with one investor to make a 35-unit purchase, which sells for a profit in just 5 years. Despite some mistakes, and many hard lessons, the sale delivers a 10% IRR.
BAM CLOSES ITS
FIRST SYNDICATED DEAL
BAM and 10 limited partners purchase Park Place at Fox Hill, a 60-unit property, which sells in 4 years at 17% IRR. Through this experience, the idea of BAM Capital is born.
PARTNERSHIP WITH
ADAM EHRET BEGINS
Adam departs a successful Multifamily brokerage business to lead acquisitions and operations for BAM. Along with Adam, BAM brings accounting and construction in-house with two other key hires. The company becomes a fully vertically integrated multifamily syndicate.
FIRST MAJOR EXIT OCCURS
With 60%+ IRR (2.5x in 2.5 yrs), BAM starts to bend the growth curve. The hard work to have a vertically integrated company begins to pay off.
BAM SURPASSES
Featured in the Indianapolis Business Journal, BAM is named one of the top owner/managers in the state as well as the second youngest company to be recognized.
OUT OF STATE
With acquisitions in Illinois and Ohio, the company expands its footprint, allowing more deal flow opportunities and portfolio diversification.
BAM MOVES AWAY FROM OFFERING PROPERTY MANAGEMENT SERVICES
By focusing exclusively on its own assets, the company is able to fine-tune efficiencies.
360%
Over a three year period BAM grew at an incredible pace, recognized in the INC. 5000 for America’s Fastest Growing Companies and the Indianapolis FAST 25 edition. This allows BAM to hire more talent and build out the infrastructure needed to be the best in the industry.
EVOLUTION TO A
BAM Multifamily Growth Fund I is created to raise $50M over two years- which is raised in just 16 months. BAM pivots away from single-asset deals, reducing risk and increasing probability of higher returns.
BAM SURPASSES
With an attitude of always hiring ahead and bringing in the best talent, BAM moves past the century mark across the portfolio of BAM Capital, BAM Construction, and BAM Property Management.
INVESTOR RELATIONS TEAM IS
The team adds a VP of Investor Relations, Marketing Admin, Investor Relations Associate and Marketing Manager.
CREATION OF
$75M BAM Multifamily Growth & Income Fund II offers two classes of shares, giving limited partners more options to suit their investment needs.
AS SEEN ON
The BAM Companies is featured on the Fox Business segment of Trending Today as an industry leader.
NEW STATE
With the addition of The Summit at Heritage, The BAM Companies acquires its first asset in Iowa.
FASTEST
The BAM Companies receives an award for being on Inc 5000 List of Fastest Growing Companies for five consecutive years.
OPENING OF
$80M BAM Multifamily Growth & Income Fund III opened February 2022.
OPENING OF
FUND IV
BAM Multifamily Growth & Income Fund IV opened in March 2023. Assets acquired: 32 Union (Noblesville, IN) and Uptown Terrace (Rogers, AR)
