BAM Capital, a leading multifamily syndication firm based in Indianapolis, has announced the acquisition of Hayden Flats, a newly built, Class A apartment community located in Bloomington, Indiana. Completed in 2023, the acquisition marks a significant addition to BAM Capital’s portfolio and serves as the inaugural asset in the firm’s latest investment vehicle, the BAM Multifamily Growth Fund V.
The acquisition aligns with BAM Capital’s strategic focus on acquiring high-quality, institutional-grade multifamily assets in high-growth Midwestern markets. With Hayden Flats, the firm strengthens its presence in Bloomington—a dynamic city driven by expanding technology, education, medical, and defense industries.
Based in a prime location, Hayden Flats features modern design and a robust amenity package that caters to Bloomington’s growing professional community.
The property includes a saltwater pool with indoor/outdoor lounge areas, a state-of-the-art fitness center, and a multipurpose sports and pickleball court. Apartment interiors feature designer kitchens with quartz countertops, spa-inspired bathrooms, and high-end finishes.
Residents also enjoy direct access to the B-Line Trail, offering a convenient link to downtown Bloomington’s retail, dining, and entertainment destinations.
The property’s proximity to Westgate on Third, a nearby ground-up BAM Capital development, provides opportunities for shared operational efficiencies and improved economies of scale across BAM’s regional portfolio. The addition of Hayden Flats further positions BAM Capital as a key player in the Midwest’s competitive multifamily investment market.
The acquisition serves as the anchor investment in the BAM Multifamily Growth Fund V, designed for accredited investors seeking long-term capital appreciation, wealth creation, and potential tax advantages.
The fund targets Class A multifamily properties built in 2015 or later, located in economically resilient markets across the Midwest. With a projected internal rate of return (IRR) of 15–20% and an equity multiple of 2x-2.5x over a five-to-seven-year hold period, the fund aims to build a diversified portfolio of institutional-grade assets.
KEY QUOTE:
“I am confident that the acquisition of Hayden Flats exemplifies The BAM Companies’ commitment to disciplined growth and operational excellence. 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.”
Ivan Barratt, Chief Executive Officer and Founder, BAM Capital
