BAM Capital Investors Poised to Profit in New Joint-Venture Development Deal With Industry Staple J.C. Hart

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INDIANAPOLIS, Dec. 5, 2024 ~ BAM Capital, a renowned private equity firm based in northern Indianapolis, has announced its latest partnership with veteran developer J.C. Hart. The two companies will be working together to bring a new 315-unit multifamily community, Crossing 5 Towns & Flats, to Plainfield, Indiana.

This joint-venture development deal marks BAM Capital's third strategic partnership and is part of their mission to provide institutional-quality apartment communities in thriving suburban markets that are poised for population growth and economic expansion.

Crossing 5 Towns & Flats is a Class A apartment development that is strategically located to take advantage of the high demand for upscale housing in Plainfield. Its prime location near downtown and the Indianapolis International Airport makes it an attractive asset for investors looking for sustainable returns in a thriving rental market.

Situated in the Indianapolis metropolitan area, Crossing 5 Towns & Flats offers 315 Class A units designed to meet the growing demand for rental properties. Its close proximity to key commercial hubs ensures ongoing interest from potential tenants. With its well-thought-out design and location, this development presents an enticing opportunity for investors seeking consistent performance and long-term market growth.

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J.C. Hart's portfolio of approximately 6,700 units across the Midwest aligns perfectly with BAM Capital's strategic initiatives. The company's expertise in multifamily development, management, and ownership has led to a successful track record of building premier apartments that command top market rent. J.C. Hart specializes in Class A urban communities located near highly regarded school districts, quality employment opportunities, retail centers, and recreational facilities. BAM Capital recognized J.C. Hart's three-pronged expertise as an ideal chance to offer its members an attractive investment opportunity.

Over the past few years, BAM Capital has delivered steady performance with an average internal rate of return (IRR) of 35.14% and an equity multiple of 2.58x to its investors within an average hold period of 3.4 years. The completion of this project will add an unparalleled asset to their portfolio, with convenient access to downtown Indianapolis and a vibrant ecosystem of art districts, professional sports, and renowned dining options. The limited supply in the market puts Crossing 5 Towns & Flats in a prime position to benefit from high absorption rates and stable rent growth.

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Founder and CEO of The BAM Companies, Ivan Barratt, expressed his excitement about the partnership with J.C. Hart and the potential for this project. "Plainfield, Indiana is an extremely attractive submarket for both developers and investors due to its strong rent growth," he stated. "We are thrilled to collaborate with J.C. Hart, who has a proven track record in this market and is known for developing world-class communities. We are confident that we will deliver a beautiful community to the residents of Hendricks County and superior risk-adjusted returns to our investment partners."

The groundbreaking for Crossing 5 Towns & Flats is expected to take place in the near future, bringing a new upscale living option to Plainfield residents while also providing investors with a promising opportunity for long-term growth.
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