INDIANAPOLIS, IN - BAM Capital, a multifamily syndication company based in Indianapolis, IN, announced the acquisition of Hayden Flats, a 2023-build, institutional-quality apartment community in Bloomington, Indiana. This key acquisition serves as the foundational asset in the BAM Multifamily Growth Fund V, expanding the firm's multifamily investment opportunities in a high-growth market.
"I am confident that the acquisition of Hayden Flats exemplifies The BAM Companies' commitment to disciplined growth and operational excellence," said Ivan Barratt, CEO and Founder of BAM Capital. "This property strengthens our portfolio, and by leveraging our in-house management, we are well-positioned to deliver attractive risk-adjusted returns and long-term value to our investors."
Strategically located, Hayden Flats is positioned to attract residents from the area's robust tech, education, medical, and defense sectors. The community boasts a premier amenity package, including a saltwater pool with an indoor/outdoor lounge, a state-of-the-art fitness center, and an all-purpose sports and pickleball court. Units feature designer kitchens with quartz countertops and spa-inspired bathrooms. Residents also gain direct access to the B-Line Trail, providing a direct connection to downtown Bloomington.
The property's close proximity to Westgate on Third, a ground-up BAM Capital development, will create valuable operational efficiencies and economies of scale. The Hayden Flats acquisition strengthens BAM Capital's footprint in a key Midwestern market.
Source: BAM Capital