Multifamily real estate has been turning high earners into millionaires and millionaires into multimillionaires for decades. But being a landlord isn't for everyone. Finding the right properties, negotiating the deals and managing the assets can quickly turn into a full-time job rather than an investment.
The workaround is BAM Capital. Its multifamily funds offer the benefits of real estate ownership but allow investors to earn passive returns and avoid the headaches of being a landlord. BAM’s projects have generated a 35.14% internal rate of return (IRR) for its realized projects.
BAM Capital operates only in markets that are overlooked by most investors who have been charmed by the Sun Belt’s seemingly never-ending growth.
(Image courtesy of Apartment List)
The Sun Belt is bearing the brunt of the current market turbulence while the Midwest is doing significantly better in terms of rent growth. The Midwest is seen as the last bastion of affordable living in the U.S., so many families are moving there and driving steady rent growth.
BAM Capital specializes in projects in this market and is able to lock in off-market deals that usually come with a higher return on investment (ROI). The company focuses on Class A, A-, and B++ apartment complexes in desirable neighborhoods with great schools and handles everything from acquiring properties to finding tenants. Because of the level of vertical integration it has achieved, BAM Capital cuts out middlemen and distributes higher returns to investors.
(Image courtesy of BAM Capital)
The company has distributed $184.8 million to investors since it was founded in 2010. It has never missed a preferred payment or lost limited partner capital. Every project has brought returns, with the only difference being how great those returns were. The icing on the cake? Hold periods are only 3.43 years on average.
While the company’s track record is stellar, there is one drawback – a steep minimum investment requirement. But if it’s feasible for you, BAM Capital will provide a high level of assistance for your investment journey.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.