Value-Add Properties Attracting More Notice

Bradley B. Chambers, founder, president and chief executive officer of Indianapolis-based Buckingham Cos.

INDIANAPOLIS—The intense demand for apartments keeps bringing more investors into the multifamily market, and many are looking beyond new luxury properties in gateway cities. Officials from Buckingham Cos. an Indianapolis-based real estate company, say that their affiliate, Buckingham Partners, LLC, closed its first real estate fund, the Buckingham Multifamily Fund I, at $175 million. It will pursue a value-added strategy and focus on acquiring multifamily and mixed-use properties located in fast growing secondary markets throughout the Midwest and Southeast US.

“We are delighted our debut fund has attracted the support of best-in-class investors who believe in our investment strategy, and who appreciate the track record and operational excellence of our team,” says Bradley B. Chambers, founder, president and chief executive officer of Buckingham. “As interest in living and working in vibrant Midwestern and Southeastern markets increases, we are seeing great opportunities in well-located multifamily housing.”