Chicago & Midwest + Midwest + Apartments | December 12, 2022

BAM Capital acquired a 160-unit garden apartment community in Indianapolis through its BAM Multifamily Growth & Income Fund III

BAM Capital Adds Garden Apartment Complex to Indianapolis Portfolio

BAM Capital, a multifamily syndication company based in Indianapolis, has acquired Gateway Crossing, a 160-unit garden-style apartment complex in Indianapolis, through its BAM Multifamily Growth & Income Fund III: Gateway Crossing. The seller and pricing were not disclosed.

“Gateway Crossing is extremely well located and offers its residents a diverse set of floor plans along with a comprehensive amenity package,” said CIO Tony Landa. “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.”

Built in 2004, the new acquisition 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 MSA, while Hamilton Station and The Bristol are both located in Indianapolis.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).