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.
Evansville, IN–September, 2017– Barratt Asset Management has acquired Abbey Court Apartments, a 250-unit garden style community located on Evansville’s Eastside. The apartment community is surrounded by the city’s highest concentration of employment centers as well as premier shopping, dining, and entertainment options. Further, the property benefits from access to the Lloyd Expressway and Green River Road (the two most critical retail and employment corridors in Evansville). The seller, Samaritan Companies, were represented by Chris Bruzas and Alex Blagojevich of Berkadia Real Estate Advisors.
INDIANAPOLIS, IN– May 18, 2017– Catherine Hollon was promoted to the position Director of Property Management at Barratt Asset Management. Catherine joined BAM’s Executive Team in January 2017 as a Regional Property Manager. During her time as Regional Property Manager, Catherine strengthened BAM’s portfolio as well as established highly efficient systems which has lead to noticeable and sustainable growth.
Indianapolis, IN–April, 2017– Barratt Asset Management is one of the first syndicators in the state to integrate investor management software. On April 15, BAM launched a convenient and sophisticated platform that allows current investors real time access to their BAM investment portfolios.
Muncie, IN–April, 2017– Barratt Asset Management’s latest acquisition, Walnut Manor/Fox Brook Apartments, is a 161-unit garden style community located in Muncie, Indiana. Muncie is located 58 miles northeast of Indianapolis and the city is home to Ball State University, with total enrollment of 21,196. The property is just minutes from the university, IU Ball Memorial Hospital, Cardinal Greenway, Muncie Mall and Interstate 69. Walnut Manor/Fox Brook was built in 1996/2002, the property consist of 14 residential buildings and a leasing office/clubhouse. The sellers, Birge and Held, were represented by Michael Wernke of Resource Commercial.
Indianapolis, IN–February 27, 2017– Barratt Asset Management was named the 22nd largest property management firm in Indianapolis by the Indianapolis Business Journal. The IBJ released a list of the top 25 largest property management firms in Indianapolis and BAM secured the 22nd spot with 1,512 units. BAM’s acquisition of Lexington Green/Villa Capri, Oakdale Square and Woods Edge Apartments and Townhomes have contributed significantly to their leap in growth.
Bloomington, IN–January, 2017– The 200-unit garden style community was built in 1972, and is located at 1655 S Oakdale Dr, Bloomington, IN, adjacent to Interstate 69 providing easy access to the Bloomington metro area. The property is conveniently located less than four miles from Indiana University Bloomington. This is BAM’s third acquisition in the last 10 months as they continue to grow their portfolio.
INDIANAPOLIS, IN–January, 2017– Barratt Asset Management’s newest team member, Catherine Hollon, brings over 14 years of Multifamily Property Management experience to the BAM Team. Catherine has spent the last several years developing and expanding her professional skill set with managerial responsibility for more than 6,000 units around the Midwest. As the new Regional Property Manager, Catherine is responsible for the oversight of BAM’s current portfolio.
INDIANAPOLIS, IN., October, 2016 – Indianapolis based Barratt Asset Management (BAM) acquired a 237-unit garden style community on the near Westside in the Town of Speedway. Lexington Green/Villa Capri is located at 2525 Parkwood Dr. The property is within walking distance of Speedway High School, Frank Wheeler Elementary School, Speedway Public Library and Meadowood Park. The sellers, Circles Edge Limited, LLC were represented by Scott Pollom of Cushman & Wakefield. This is BAM’s second acquisition in the last six months.