BAM Capital, the private equity arm of The BAM Cos., announced the acquisition of The Marling at Town Creek, a 334-unit multifamily community completed in 2024 in Leland, N.C., just outside Wilmington, N.C.
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 at The BAM Cos. “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 percent 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 expansio
