A single-asset, ground-up development project in Plainfield, Indiana.
Hold Period
Equity Multiple
IRR
BAM Capital has partnered with J.C. Hart to present Crossing 5 Towns & Flats, a single-asset, ground-up development project in Plainfield, Indiana.
J.C. Hart’s impressive development track record for Indianapolis projects, local expertise, award-winning floor plans, and generational development experience make this an exciting opportunity for BAM Capital investors.
BAM Capital’s platform gives investors exclusive access to a J.C. Hart development, an investment opportunity typically reserved for institutional investors, family, and friends.
BAM Capital is excited to partner with J.C. Hart and deliver Crossing 5 Towns & Flats to Hendricks County. The project will comprise 315 Class A apartments, demanding the highest market rents. Stabilized yield on cost (YOC), a critical metric that BAM Capital analyzes, is conservatively estimated to be 6.83% for the project, providing a key indicator of the project’s potential success. J.C. Hart’s development expertise and fully integrated approach will help control the construction budget and maximize the stabilized net operating income to produce a successful outcome for investors.
Indianapolis has been the “Steady Eddie” of the USA regarding apartment fundamentals. When most of the nation has seen a decline in market rents, Indianapolis has recognized positive rent growth, which exceeded 2.5% in the last 12 months.
J.C. Hart’s ability to execute in development and working with a guaranteed maximum price construction acts to mitigate the construction risks for investors. J.C. Hart’s portfolio includes 25 properties in the Indianapolis Metro. Crossing 5 Towns & Flats is poised to benefit from the local experience and connections that J.C. Hart has cultivated. The historical success of both J.C. Hart and BAM Capital speaks to the commitment each has to the state of Indiana and the caliber of products both produce. J.C. Hart currently has 1,180 units under construction in northern Indianapolis submarkets.
The development’s location is prime for the work, live, and play resident lifestyle. The proximity to downtown is less than 25 minutes away and provides ample opportunity for entertainment, including concerts, pro sports, and national events. Indianapolis International Airport is only 10 minutes away, generating $7.5B of economic impact to the area and providing over 11,000 jobs daily.
This project will be the best garden-style asset in the Plainfield submarket. J.C. Hart has a history of building premier apartments that demand the highest market rent. J.C. Hart has won numerous Indiana Apartment Association Prodigy Awards recognizing Indiana’s best floor plans, curb appeal, and clubhouses.
BAM Capital only selects projects that fit its stringent investment thesis and those that will deliver superior risk-adjusted returns for its investors.
BAM Capital has delivered an average IRR of 34.42% and equity multiple of 2.40x to its investors within an average hold period of 3.4 years.
The BAM Companies’ executive team has 215+ years of combined real estate experience and has navigated multiple adverse economic cycles.
BAM Capital heavily vets Joint Venture partnerships before entering into business. Our relationships, cultivated by leadership, help position BAM Capital with best-in-class opportunities.
