INDIANAPOLIS, IN – BAM Capital, a multifamily syndication company based in Indianapolis, IN, announced its most recent acquisition for the BAM Multifamily Growth & Income Fund III: Gateway Crossing.
Gateway Crossing is a 160-unit institutional quality, garden-style apartment community that was developed in 2004. It is located in Indianapolis, IN, and situated near major economic drivers, outstanding schools, and upscale retail areas.
Gateway Crossing is extremely well located and offers its residents a diverse set of floor plans along with a comprehensive amenity package. This buy is consistent with BAM Capital s investment thesis of acquiring assets that provide our investors with stable cash flow, appreciation potential, and capital preservation, says Tony Landa, Chief Investment Officer.
The combination of job and population growth coupled with low supply has had a positive impact on the apartment fundamentals in the Indianapolis MSA for a long time, says Ivan Barratt, Founder & CEO. These strong fundamentals have resulted in substantial dividends to our investors.
The BAM Companies (BAM Capital, BAM Management, BAM Construction) is a vertically integrated real estate organization. Combined, the company has over 180 years of experience among its Executive level staff. With more than $700MM in assets under management, $152.5MM in total distributions to investors to date, and 900+ investors across 40+ states, BAM Capital is a proven sponsor with a solid track record.
Gateway Crossing 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, IA MSA, while Hamilton Station and The Bristol are both located in the Indianapolis, IN MSA. This offering is open to accredited investors only. To learn more about BAM Capital or this offering, please visit our website.

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WASHINGTON, DC – The District of Columbia Housing Finance Agency (DCHFA) issued $51.2 million in tax exempt bonds and underwrote $31.5 million in federal Low Income Housing Tax Credit (LIHTC) equity for the construction of Park Morton Phase I. A part of the Deputy Mayor for Plotting and Economic Development New Communities Initiative, this project will help revitalize this transit-oriented, amenity-rich neighborhood and provide 40 public housing replacement units.
The Park Morton redevelopment has been a labor of like. The journey for this project has taken over a decade and under Mayor Bowser s leadership we have finally crossed the end line. Ward 1 is a community of opportunity; the residents who live in this redevelopment will be close to transit, amenities, strong schools and employment centers, stated Christopher E. Donald, Executive Director/CEO, DCHFA. Residents should have the opportunity to live in healthy, gorgeous, affordable housing in all of the District s fantastic neighborhoods. Park Morton will grant that opportunity to 142 individuals and families.
The $105.3 million development will consist of 19 efficiencies, 73 one-bedrooms, 49 two-bedrooms and one four-bedroom unit. All units will be reserved for residents earning 80 percent or less of the area median income (AMI); the 40 replacement public housing units will be reserved for individuals earning 30 and 50 percent or less AMI.
The Community Builders and Dantes Partners are the developers of Park Morton Phase I. The property will be Enterprise Green Communities certified, and it will include a rooftop solar system and 14,000 square feet of green roof area. Other amenities will include a rooftop lounge, fitness room, courtyard spaces, meeting lounges, a pet grooming room, bike storage and 71 garage parking spaces. The garage parking will be free on a first come first served basis. Residents will be only 0.3 miles from the Petworth Metro Station.
Through its Multifamily Lending and Neighborhood Investment and Capital Markets divisions, DCHFA issues tax-exempt mortgage revenue bonds to lower the developers costs of acquiring, constructing and rehabilitating rental housing. The Agency offers private for-profit and non-profit developers low-cost predevelopment, construction and permanent financing that supports the new construction, acquisition, and rehabilitation of affordable rental housing in the District.

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HOUSTON, TX – RPM Living announces the acquisition of Ashton on West Dallas in Houston s Montrose submarket, in the heart of the city s urban core. The acquisition marks RPM s 17th acquisition in the greater Houston area and the wrap-style community is the second Houston asset to be added to the RPM Multi-Family Fund I portfolio.
Located within walking distance to Houston s expansive Buffalo Bayou Hike and Bike Trail, Ashton on West Dallas is in a highly convenient location with immediate access to the city s central business district and multiple city parks. Surrounded by Houston s most vibrant entertainment districts and attractions, the community is near a variety of neighborhood bars and retail that make up the Montrose, Midtown, and Washington Ave. neighborhoods.
Built in 2013, Ashton on West Dallas features 246 units with 10-foot ceilings throughout, elevator-serviced corridors, and a stand-alone 24-hour fitness studio. Modern one- and two-bedroom residences have floor-to-ceiling windows, wood floors, and stone counters.
Ashton on West Dallas provides us fantastic opportunity with the potential for outsized rental growth given the area s limited construction pipeline and Class A absorption projected to remain strong in light of the increased cost of home-ownership and Houston s consistent population growth, says Hank Farrell, Chief Executive Officer of RPM Living Investments.

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