BAM Capital Completes Acquisition of 160-Unit Gateway Crossing Apartment Community Located in Indianapolis, Indiana
INDIANAPOLIS, IN – BAM Capital, a multifamily syndication company based in Indianapolis, IN, announced its most recent acquisition for the BAM Multifamily Growth & Income Fund III: Gateway Crossing.
Gateway Crossing is a 160-unit institutional quality, garden-style apartment community that was developed in 2004. It is located in Indianapolis, IN, and situated near major economic drivers, outstanding schools, and upscale retail areas.
“Gateway Crossing is extremely well located and offers its residents a diverse set of floor plans along with a comprehensive amenity package. This purchase is consistent with BAM Capital’s investment thesis of acquiring assets that provide our investors with stable cash flow, appreciation potential, and capital preservation,” says Tony Landa, Chief Investment Officer.
“The combination of job and population growth coupled with low supply has had a positive impact on the apartment fundamentals in the Indianapolis MSA for a long time,” says Ivan Barratt, Founder & CEO. “These strong fundamentals have resulted in substantial dividends to our investors.”
The BAM Companies (BAM Capital, BAM Management, BAM Construction) is a vertically integrated real estate organization. Combined, the company has over 180 years of experience among its Executive level staff. With more than $700MM in assets under management, $152.5MM in total distributions to investors to date, and 900+ investors across 40+ states, BAM Capital is a proven sponsor with a solid track record.
Gateway Crossing will join Autumn Ridge, Hamilton Station, and The Bristol as part of BAM Multifamily Growth & Income Fund III. Autumn Ridge is located in the Des Moines, IA MSA, while Hamilton Station and The Bristol are both located in the Indianapolis, IN MSA. This offering is open to accredited investors only.
SOURCE BAM CAPITAL