Acquired: 240 A- Units

[Ivan Barratt]

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $31,000,000
Cash invested: $8,150,000

240 Unit, Class A-, Vintage: 2006, Workforce Housing. Sponsored Deal. 7 pref + 75% split to LP's
Plan: Light Value Add + Management Efficiencies

What made you interested in investing in this type of deal?

This is BAM's 12th syndication.

How did you find this deal and how did you negotiate it?

Off Market Deal.

How did you finance this deal?

Bridge to Perm.

What was the outcome?

Newly Acquired.