BAM Capital, a private equity real estate firm focused on multifamily investments, has added Hayden Flats to its Preferred Credit Fund (PCF), with the asset also joining BAM Multifamily Growth Fund V. The BAM Capital Preferred Credit Fund is an open-ended multifamily private credit vehicle for qualified purchasers that emphasizes capital preservation and stable current income. The fund targets total returns of 10–12% and currently pays an 8% annual rate via monthly distributions, with the option for investors to reinvest. All PCF positions are secured by high-quality multifamily properties.
Hayden Flats becomes the fund’s second preferred equity investment, alongside Camden Park, further diversifying its income streams. In addition to these preferred equity holdings, the PCF portfolio includes B‑note private credit investments in several BAM-owned multifamily communities, including 11Fifty on Olson (Waukee, IA), 32 Union (Noblesville, IN), Aberdeen Apartments (Camby, IN), Hamilton Station Apartments (Pendleton, IN), The Bristol Apartments (Camby, IN), The Ventry (Fort Wayne, IN), Watermark at Jordan Creek (West Des Moines, IA), and WaterStone at Green River (Evansville, IN), as well as loans on 10 additional third‑party-owned properties.
“This high-quality asset, structured as a preferred equity investment, adds robust current‑pay income and significant downside protection—demonstrating our commitment to structuring private credit investments that deliver reliable cash flow and superior yields backed by hard assets for our investors,” said Ivan Barratt, founder and CEO of BAM Capital.
Pictured: Hayden Flats in Bloomington, IN.
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