BAM Acquires Gateway Crossing Apartments

Indianapolis–October, 2018– Barratt Asset Management has acquired Gateway Crossing Apartments: a 164-unit, A-grade, garden-style community located in the suburb of McCordsville.  The apartment community is ideally located in the third-fastest growing city in Indiana. The property is in very close proximity to the Fishers-Geist Area and an easy commute to Downtown Indianapolis.

 

“Gateway Crossing was another HUD assumption deal we had been working on for quite some time, as the sellers had specific timelines to adhere to and we are ecstatic to see this one join the portfolio,” explained Adam Ehret, President and COO.

 

“The property was built in 2004, which is fun for us; it’s almost like new construction compared to the rest of our portfolio,” said Ivan Barratt, Founder & CEO.  “The team is excited and it’s nice to get a high-quality asset that was managed very well over the years by JC Hart.”

 

With the addition of Gateway Crossing, BAM’s total units owned has surpassed the 2500-unit mark.

For more information about BAM visit: www.barrattassetmanagement.com.

Elizabeth WheelerComment
BAM acquires Fountain Parc Apartments in Indianapolis

Indianapolis–March, 2018– Barratt Asset Management has acquired Fountain Parc Apartments, a 241-unit, garden style community located in Indianapolis.  The apartment community is ideally located in the Washington Township submarket, on the north side of the city.  The property is in very close proximity to Broad Ripple, Castleton, Keystone at the Crossing and a short drive to Downtown Indy and the employment corridors to the Northeast. The seller was represented by Tikijian Associates.

“We have been actively working to acquire another large apartment asset in Indy for a while now, and it’s exciting to see the team get one done in our own backyard.  The former owners took excellent care of the asset over the years yet Fountain Parc will still benefit from an extensive upgrade plan,” explained Adam Ehret, President and COO.

“We are going to bring the property into the 21st century with a $2 million renovation,” said Ivan Barratt, Founder & CEO.  “The team is building a new clubhouse, upgrading the fitness center and playground, and renovating all the units.  We couldn’t be more excited to see this transformation over the next 18-24 months.”  With the addition of Fountain Parc, BAM’s total units acquired in the last 12-months is 1,410.  For more information about BAM visit: www.barrattassetmanagement.com.

Barratt Asset Management Barratt Asset Management is headquartered in Indianapolis, IN, and was formed in July 2010. BAM specializes in the acquisition, repositioning and management of multifamily apartment communities. BAM provides an array of real estate services, utilizing the knowledge and strengths of its employees and local market expertise to achieve maximum benefit for community residents as well as investors. From humble beginnings, BAM has grown from the management of a few small properties to over 150 million in total assets under management and ownership.

With a mindset of steady and deliberate growth the company continues to expand its portfolio. The team is comprised of over fifty employees with many decades of experience in apartment management and ownership. Further, the company strives to execute best practices in leasing, marketing, back-office infrastructure, technology, timely service, renovations, maintenance and valuable outside vendor relationships. BAM continuously strives to perform at a high level for its own portfolio as well as its third party property management clients.

Elizabeth WheelerComment
BAM Moves Into Ohio with Latest Acquisition

BAM Moves into Ohio with Latest Acquisition

Dayton, OH–December, 2017– Barratt Asset Management acquired Mad River Apartments, a 302-unit, garden-style community located in Dayton's south suburbs. Mad River is ideally situated adjacent to the Dayton Mall, the metro area's main regional retail destination. The property is near both primary thoroughfares and Interstates (I-75, I-675, SR 725, and SR 741); making for an easy commute to some of the region's largest employers. Interestingly, Mad River is less than five miles northeast of Austin Landing, which is Dayton's newest Class A mixed-use development with 1 M+ SF of space completed, under construction, or in the planning phase (2,200 employees).  Debbie Corson and Matt Newcomer of ARA Newmark represented the seller, The Connor Group.

“We couldn’t be more excited to push into Ohio, as it has been on our radar for some time. The property was completely renovated by The Connor Group in 2015-2016, and we will continue to operate the property as one of the premier communities within the submarket,” explained Adam Ehret, Principal & Vice President of Acquisitions and Asset Management.

“Mad River stands out when one looks at what is in our existing portfolio,” said Ivan Barratt, Founder & CEO.  This acquisition achieves quite a few milestones for BAM and that is very exciting to see.”  With the addition of Mad River, the portfolio has increased by over one thousands units in the previous twelve months.

For more information about BAM visit: www.barrattassetmanagement.com.

Barratt Asset Management

Headquartered in Indianapolis, IN, Barratt Asset Management was formed in July of 2010. From humble beginnings, BAM has grown from the management of a few small properties to over 100 million in total assets under management and ownership. BAM specializes in both the acquisition and management of multifamily apartment communities. BAM provides a wide array of real estate services; leveraging the knowledge and strengths of employees and local market expertise to achieve maximum benefit for community residents and investors alike. The company has expanded its portfolio under the shared mindset of steady and deliberate growth. BAM's team consists of nearly fifty employees with decades of experience in apartment management and ownership. Further, the company culture is to execute best practices in: leasing, marketing, back-office infrastructure, technology, timely service, renovations, maintenance, and valuable outside vendor relationships. BAM continuously strives to perform at the highest level for its own portfolio as well as its third-party property management clients.

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Elizabeth WheelerComment