The property’s exceptional returns included a 16.5% IRR and 2.10x equity multiple.
BAM Capital has finalized the sale and disposition of Greenfield Crossing Apartments, a class A property with 272 units located in the Indianapolis metro area. BAM Capital acquired the property in December 2019, as part of the BAM Multifamily Growth Fund I.
This marks the conclusion of a successful investment that provided significant value for BAM Capital’s investors. The property’s exceptional returns included a 16.5% IRR and 2.10x equity multiple.*
Greenfield Crossing represents BAM Capital’s fifteenth full-cycle realization, underscoring the firm’s repeatable, vertically integrated investment platform. The BAM Companies acquired, asset-managed, and operated the property in-house, driving operational efficiencies and strategic value creation throughout the hold period.
The asset was initially brought to market in the summer of 2025. After broadly testing pricing and determining that bids did not meet underwriting expectations, BAM Capital elected to remain patient. By staying engaged with qualified buyers and maintaining operational momentum, the firm ultimately secured a valuation aligned with its return objectives.
“In the context of the interest rate volatility and capital markets disruption we’ve experienced since 2022, we’re proud of this outcome,” said Ivan Barratt, Founder and CEO of The BAM Companies. “While this IRR sits on the lower end of our historical realizations, it reflects disciplined underwriting, strong execution, and meaningful outperformance relative to many peer benchmarks during a turbulent period for multifamily investors. Our focus is delivering repeatable value-add returns driven by operations and disciplined market selection.”
Barratt continued, “Fifteen realizations are not the result of one strong year — they reflect a repeatable model. We acquire thoughtfully, operate with precision, remain disciplined on exit, and protect investor capital through every market environment.”
