BAM Capital Expands into the Southeast with Acquisition of The Marling at Town Creek

EmitenTrust.com INDIANAPOLIS, Sept. 30, 2026 /PRNewswire/ -- BAM Capital, the private equity arm of The BAM Companies, announced today the acquisition of The Marling at Town Creek, a 334-unit multifamily community completed in 2024 in Leland, North Carolina, just outside Wilmington.

The purchase marks BAM Capital's entry into the Southeast and is the latest addition to BAM Multifamily Growth Fund V.

"We've been evaluating opportunities in North Carolina for more than five years, with a particular interest in entering the Wilmington market," said Ivan Barratt, Founder and CEO of The BAM Companies. "We believe the combination of an attractive acquisition basis, strong population growth, and favorable supply-and-demand fundamentals creates a compelling foundation for this investment."

Acquired at an estimated 17.4% discount to replacement cost, the transaction reflects BAM Capital's disciplined strategy of acquiring high-quality multifamily assets at attractive bases in markets supported by population growth, employment expansion, and durable rental demand. The Marling at Town Creek features modern, spacious floor plans and resort-style amenities designed to serve the growing renter population in the Wilmington area. The property features a saltwater swimming pool with a ledge deck and lounge seating, along with a clubhouse featuring co-working space, work-from-home suites, and a café.

The market combines coastal living with housing affordability comparable to many Midwest regions. Meanwhile, multifamily demand in the Wilmington MSA continues to grow amid limited new supply. The market has experienced 32% population growth since 2010, with an additional 10% growth projected through 2030, based on third-party demographic data. The Marling at Town Creek is also within 25 minutes of approximately 129,000 jobs, including employment tied to major employers such as Amazon and Novant Health.

"The Marling at Town Creek is a strong fit for our strategy as we expand into new markets," Barratt said. "We remain focused on disciplined acquisitions where our basis and operating strategy can create value for investors."

About BAM Multifamily Growth Fund V

BAM Multifamily Growth Fund V is a real estate investment fund offered by BAM Capital for accredited investors seeking capital appreciation, long-term wealth creation, and potential passive tax advantages. The fund's strategy centers on acquiring Class A multifamily assets built in 2015 or later in high-growth U.S. markets with resilient economic drivers.

The Marling at Town Creek expands Fund V into the Southeast, joining Hayden Flats in Bloomington, Indiana, and Kinsley Forest in Kansas City and further diversifying the portfolio. Fund V leverages BAM Capital's vertically integrated acquisition, management, and construction capabilities to execute its business plan and pursue operational upside across the portfolio.

Fund V targets a 15-20% net IRR and a 2.0x-2.5x net equity multiple for accredited investors, after fees and expenses, based on internal underwriting assumptions that are subject to inherent economic risks.

About BAM Capital

BAM Capital is recognized as a leader in private equity real estate, delivering consistent returns and investment opportunities for accredited investors. The firm specializes in acquiring and managing institutional-grade apartment communities in key U.S. growth markets. Through a vertically integrated, data-driven investment platform, BAM Capital aims to deliver attractive, preferred-position returns insulated by an equity cushion, while providing high-quality housing for residents and exceptional value for investors seeking proven alternatives to traditional asset classes.

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SOURCE BAM Capital