Bainbridge Multifamily Acquisition Fund I, LP $250M

Strategic Multifamily Investments Backed by Operational Expertise

Backed by a major institutional anchor investor, Bainbridge Multifamily Acquisition Fund (BMAF) I focuses on disciplined acquisitions of recent-vintage institutional multifamily assets across major East Coast markets, leveraging Bainbridge’s vertically integrated platform to drive long-term NOI growth and operational outperformance.

REQUEST INVESTMENT INFORMATION (Available to Accredited Investors Only)

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Investment Strategy

BMAF I is focused on acquiring institutional-quality multifamily communities in high-growth markets with opportunities to enhance operational performance and drive long-term value.

Value creation driven by NOI growth through operational performance enhancement — not reliant on cap rate compression for exit returns
100% Focus on existing, stabilized multifamily assets — no ground-up development
Exit strategy anchored in income fundamentals, with intended initial positive leverage providing cash flow support.
Well located and high-quality multifamily properties across Bainbridge’s footprint (Mid-Atlantic and Southeast)
Focus on high-growth markets and submarkets with meaningful supply constraints or short-term supply dislocations, where long-term household formations exceed housing stock additions
Priced at deep discounts to replacement cost
Priced at a discount to true, stabilized market value
Initial positive leverage or clear path to positive leverage
Sourced primarily off-market
Targeting high demand markets that are experiencing significant drops in new supply

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Value Creation Strategy

Investment approach focused on operational improvements, disciplined underwriting, detailed cross-department due diligence, and organic NOI growth as the primary drivers of return.

TARGETED CAPEX

Identify opportunities to generate additional NOI through light, but high impact, capex improvements

OPERATIONAL IMPROVEMENTS

Identify opportunities to generate additional NOI through improvements to leasing, marketing, operations

MARKET SELECTION

Identify submarkets with supply burn off and / or limited additional supply, allowing additional NOI through market rent growth

ACQUISITION BASIS

Acquire newer-vintage assets and portfolios at deep discounts to replacement cost and market value from distressed and motivated sellers

Why Bainbridge

Founded in 1997, The Bainbridge Companies is a vertically integrated real estate platform with expertise spanning acquisitions, development, construction, operations, and marketing. Our integrated structure allows us to execute with an ownership mindset at every stage of the investment lifecycle.

Team members across a fully integrated platform

In transactions across the East Coast

Apartment homes acquired and developed

In apartment acquisitions since inception

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Institutional reporting and operational oversight

BMAF I Seed Assets

BMAF I has successfully closed on two seed assets, both aligning with the Fund’s investment thesis, reinforcing the team’s execution capabilities and demonstrating strong access to compelling opportunities in high-growth, strategically positioned markets.

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Target Markets

The Fund focuses on acquiring assets across high-growth markets throughout the Mid-Atlantic and Southeast regions while maintaining geographic diversification.

Diversified market concentration strategy

Focus on long-term market fundamentals and NOI growth

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Mid-Atlantic

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Southeast

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Unique Buying Opportunity

Peak stress and distress occurring in 2026–27 creating motivated sellers and attractive buying opportunities (Costar)

Transitory valuation declines leading to significant discounts to replacement cost (CBRE Research)

Multifamily deliveries rapidly declining through 2028 (Costar)

Temporary apartment supply shocks causing short term dislocations in otherwise strong and growing markets (Costar)

Strong multifamily demand remains, and market dynamics favor apartments for years to come (Costar)

Rapid rise in interest rates creating motivated and distressed sellers with looming loan maturities, financial covenant tests, and expiring rate caps (Chatham Financial)

Depressed values based on a rapid increase in multifamily cap rates, deepening seller distress and creating opportunities to purchase at deep discounts to replacement cost (CBRE Research)

Short-term supply dislocations in otherwise strong markets (Costar)

Deliveries dropping 50%+ by 2026, creating attractive long term supply/demand dynamic (Costar)

Partner With Bainbridge

Connect with our team to learn more about BMAF I and our disciplined approach to multifamily investment.

CONTACT OUR TEAM

This communication is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offer or solicitation will be made solely to verified accredited investors (as defined in Rule 501(a) of Regulation D under the Securities Act of 1933) pursuant to a confidential Private Placement Memorandum (the "PPM") and definitive subscription documents. In the event of any inconsistency between this communication and the PPM, the PPM controls. Bainbridge Multifamily Acquisition Fund I, LP (the "Fund") is being offered under Rule 506(c) of Regulation D; investors must be verified as accredited prior to admission.

The Fund's securities have not been registered under the Securities Act of 1933 or any state securities laws and are being offered in reliance on exemptions from such registration requirements. The Fund is not registered as an investment company under the Investment Company Act of 1940. The Fund's investment adviser is an Exempt Reporting Adviser and is not registered as an investment adviser under the Investment Advisers Act of 1940. Interests in the Fund are illiquid, are subject to significant restrictions on transfer, and involve a high degree of risk, including the risk of loss of the entire investment. Prospective investors should review the PPM in its entirety, including the risk factors and conflicts of interest disclosures, before making any investment decision.

Certain statements herein, including statements regarding market conditions, supply-demand dynamics, distress timing, and the Fund's investment strategy, constitute forward-looking statements. Forward-looking statements are inherently uncertain and are based on assumptions that may prove incorrect. Actual results and events may differ materially. Bainbridge undertakes no obligation to update any forward-looking statement.

Photographs of properties are representative of Bainbridge's portfolio and do not necessarily depict assets owned by the Fund. Seed asset performance information referenced herein is preliminary, reflects a limited hold period, and is not indicative of ultimate realized returns.