Property Details
Stabilized Occupancy  Stabilized Income  NOI Growth 
Asset Profile
Value Add

BAM Multifamily Growth & Income Fund III - Series B

Indianapolis, IN

Multi-Family Fund
BAM Capital Indianapolis, IN
BAM Capital
  • IRR 15-20%
  • Equity Multiple 2-2.5x
  • Hold Period See Note
  • Minimum Investment $50K
  • Year 1 Cash on Cash 0%
  • Stabilized Cash on Cash 5.65% Y5
  • First Distribution Jul 2023
  • Distribution Frequency Quarterly
  • Asset Profile Value Add
  • Loan-to-Value See PPM
  • Current Occupancy N/R

About this Fund

"$100M private real estate fund that seeks to balance cash flow stability, capital preservation, and long term appreciation while maintaining a low overall risk profile compared to alternative investments."

-Tony Landa, BAM Capital

Fund Type Multifamily
Investment Timing Equity called within 14 calendar
days of executed agreement
Market(s) Midwest
Target Fund Size Up to $100MM
Amount Raised $55MM
Amount Deployed $51MM
Date Opened for Investments February 2022
Est. Time to Next Investment October 2022

Top Questions

All answers are provided by the sponsor, BAM Capital, or its representatives.

What is your investment strategy/business plan for the Fund?

Tony Landa, BAM Capital: "The strategy, or mandate, of Fund III is:"

  • "Acquire Class B+ to A- assets that were built after 2000 and are located near major economic drivers. Focus on upper workforce housing in Indianapolis and other Midwest Markets with strong demographics and quality school systems."
  • "Seek assets that have strong, consistent in-place cash flow in markets where there is a supply and demand imbalance along with major economic drivers. Keep capital preservation and long-term appreciation top of mind."
  • "Add significant value through a semi-major renovation and capital improvement programs to justify future rent increases. Look for operating expense efficiencies and economies of scale to reduce ongoing costs."
  • "Eliminate “single asset risk” through portfolio diversification. The expectation that one or two assets may significantly outperform projections further increases the likelihood of a higher overall return for investors."

 

Tony Landa, BAM Capital: "The sponsor for every transaction is as equally important as the physical real estate. With Bam Capital, you have a sponsor with an impeccable track record that has delivered outsized returns to its investors. Over the years, BAM has produced an average IRR and equity multiple of 33.5% and 2.5x, respectively, to its partners. The average hold period for these investments was less than three years."

"Other important facts about BAM Capital to consider are as follows:"

  • "$700 Million in AUM, 6,000+ Apartment Units, $300 Million of Invested Equity"
  • "Vertically Integrated Real Estate Organization"
  • "Never Missed a Round Payment"
  • "Never Made a Capital Call Beyond Initial Investment"
  • "Never Lost Limited Partner’s Capital"
  • "Successfully Navigated Multiple Real Estate Cycles"
  • "Investors in Over 40 States"

All answers are provided by the sponsor, BAM Capital, or its representatives.

"This offering may include projects that have been purchased from affiliates of the Sponsor. In that instance, the purchase price will be predicated on a valuation prepared by a third-party appraiser."

BAM Multifamily Growth & Income Fund III is offering Series A Preferred Units, as well as Series B Preferred Units. This offering page is for Series B Units, to see more information regarding Series A Units please click here and see PPM for details.

About this Fund

"$100M private real estate fund that seeks to balance cash flow stability, capital preservation, and long term appreciation while maintaining a low overall risk profile compared to alternative investments."

-Tony Landa, BAM Capital

Fund Type Multifamily
Investment Timing Equity called within 14 calendar
days of executed agreement
Market(s) Midwest
Target Fund Size Up to $100MM
Amount Raised $55MM
Amount Deployed $51MM
Date Opened for Investments February 2022
Est. Time to Next Investment October 2022

Top Questions

All answers are provided by the sponsor, BAM Capital, or its representatives.

What is your investment strategy/business plan for the Fund?

Tony Landa, BAM Capital: "The strategy, or mandate, of Fund III is:"

  • "Acquire Class B+ to A- assets that were built after 2000 and are located near major economic drivers. Focus on upper workforce housing in Indianapolis and other Midwest Markets with strong demographics and quality school systems."
  • "Seek assets that have strong, consistent in-place cash flow in markets where there is a supply and demand imbalance along with major economic drivers. Keep capital preservation and long-term appreciation top of mind."
  • "Add significant value through a semi-major renovation and capital improvement programs to justify future rent increases. Look for operating expense efficiencies and economies of scale to reduce ongoing costs."
  • "Eliminate “single asset risk” through portfolio diversification. The expectation that one or two assets may significantly outperform projections further increases the likelihood of a higher overall return for investors."

 

Tony Landa, BAM Capital: "The sponsor for every transaction is as equally important as the physical real estate. With Bam Capital, you have a sponsor with an impeccable track record that has delivered outsized returns to its investors. Over the years, BAM has produced an average IRR and equity multiple of 33.5% and 2.5x, respectively, to its partners. The average hold period for these investments was less than three years."

"Other important facts about BAM Capital to consider are as follows:"

  • "$700 Million in AUM, 6,000+ Apartment Units, $300 Million of Invested Equity"
  • "Vertically Integrated Real Estate Organization"
  • "Never Missed a Round Payment"
  • "Never Made a Capital Call Beyond Initial Investment"
  • "Never Lost Limited Partner’s Capital"
  • "Successfully Navigated Multiple Real Estate Cycles"
  • "Investors in Over 40 States"

All answers are provided by the sponsor, BAM Capital, or its representatives.

"This offering may include projects that have been purchased from affiliates of the Sponsor. In that instance, the purchase price will be predicated on a valuation prepared by a third-party appraiser."

BAM Multifamily Growth & Income Fund III is offering Series A Preferred Units, as well as Series B Preferred Units. This offering page is for Series B Units, to see more information regarding Series A Units please click here and see PPM for details.

Offered By

BAM Capital

BAM Capital

Indianapolis, IN

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Assets Under
Management

Currently
$625MM 10+ assets
Exited
$206MM 10+ assets
Portfolio LTV
65%  
Historical
Realized Returns

Total IRR
33.4%  
Equity Multiple
2.47x  
Annual Cash
8%  
Years Of
Experience

As Principals
15+ years  
In Business
12 years  
Size
19 Staff * Dedicated investor relations
* All information is reported by BAM Capital as of 9/26/2022.
Assets Under
Management

Currently
$625MM 10+ assets
Exited
$206MM 10+ assets
Portfolio LTV
65%  
Historical
Returns

Total IRR
33.4%  
Equity Multiple
2.47x  
Annual Cash
8%  
Years Of
Experience

As Principals
15+ years  
In Business
12 years  
Size
19 Staff * Dedicated investor relations
* All information is reported by BAM Capital as of 9/26/2022.

Financials

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Offering Financial

Sponsor Diligence Report

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Diligence Preview

Location Details

Indianapolis, IN

Tony Landa, BAM Capital: "All Fund III assets are located near major economic drivers with a focus on upper workforce housing in Indianapolis, IN, Des Moines, IA, and other Midwest Markets with strong demographics, upward trending job and population growth, and quality school systems."

Documents

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  • View, download, and print the detailed financial projections
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Offering Agreement Documents

Frequently Asked Questions

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