BAM Capital, an award-winning private equity firm operating north of Indianapolis, publicizes its partnership with veteran developer J.C. Hart to deliver a 315-unit multifamily community, Crossing 5 Towns & Flats, to Plainfield, Indiana.
With a portfolio of approximately 6,700 units across the Midwest, J.C. Hart’s projects perfectly fit BAM Capital’s strategic initiatives. Their proficiency in multifamily development, management, and ownership has fueled an industrious history of building premier apartments that demand the highest market rent. J.C. Hart specializes in Class A, urban, multifamily communities where they develop projects in highly regarded school districts near quality employment, retail, and recreation. BAM Capital’s discerning investment criteria identified J.C. Hart’s three-pronged expertise as a chance to provide an attractive investment opportunity for its members.
BAM Capital’s steady performance over the last few years has delivered an average IRR of 35.14% and equity multiple of 2.58x to its investors within an average hold period of 3.4 years. The delivery of this project will bring an unrivaled asset with ultraconvenient access to downtown Indianapolis and a dynamic ecosystem of vibrant art districts, professional sports, and prized dining. The supply-constrained market exceptionally positions Crossing 5 Towns & Flats to benefit from high absorption rates and stable rent growth.
“Plainfield, Indiana, is a particularly attractive submarket for developers and investors alike, largely due to the increased rent growth the region is experiencing,” remarks Ivan Barratt, Founder and CEO of The BAM Companies. “We are excited to collaborate with J.C. Hart on this project, who has a proven track record in this market and is known for developing world-class communities. We greatly look forward to delivering a beautiful community to the residents of Hendricks County and superior risk-adjusted returns to our investment partners.”
Since its inception, BAM Capital has prioritized a growth mindset. From its talented team members to its expansive family of investors, the firm’s disciplined approach to real estate investing has produced high-quality, attainable multifamily real estate properties with proven upside potential. As the private equity arm of The BAM Companies, BAM Capital’s enhanced ingenuity mitigates investor risk while creating forced appreciation. Historically, the firm has over $1.3 billion in transactions and over 8,500 apartment units.
Based in Carmel, Indiana, J.C. Hart has been in the multifamily and residential development business since 1976. Their portfolio comprises 6,693 luxurious apartments across 25 communities in the Midwest and currently has 1,180 units in development in northern Indianapolis submarkets. The J.C. Hart brand has a distinguished presence in the Indianapolis market. Adding to their word-of-mouth value is Chairman John C. Hart Jr., who has over 50 years of experience and has successfully navigated the company through adverse economic cycles. J.C. Hart has twice been named IAA Management Company of the Year. Its developments have won numerous awards for floor plans, curb appeal, marketing innovation, and resident retention.
