Past Deals

Well located Orlando community where BAF made a secured participating second mortgage to help facilitate the condo deconversion of Country Walk Condominiums. The community was de-converted in a seamless process much faster than anticipated, and sold to Related. Due to the fast process of the deconversion by the skilled operator and simultaneous sale the return on our investment was double what was projected earning greater than an equity return.

Well located net lease daycare in rapidly growing northern Atlanta suburb. Upscale residential and commercial neighborhood with high household incomes and great demographics. Carrington Academy is part of Nobel Learning Communities.

Net leased free standing daycare building off of a heavily traveled commuter road. Bloomingdale is a nice Chicago suburb. The school has been in this location for over twenty years.

Chesterbrook Academy Preschool has served the families of Shorewood since 2007. We provide a safe, nurturing environment where children learn, grow and thrive.
Our Links to Learning curriculum prepares children for elementary school and beyond by developing important academic, social and emotional skills. Our teachers help each child discover a fascinating world of learning and play.

Well located updated apartment community in Hoover near the Riverchase Galleria shopping mall. BAF purchased the property by assuming an attractive agency loan. Upon purchase, BAF implemented a property wide improvement plan increasing curb appeal which led to increased occupancy coupled with reduced bad debt.

Victoria Place is perfectly located close to City Center at Oyster Point, Newport News Shipyard, Langley Air Force Base, Ft. Eustis, and Christopher Newport University.

Boston Cove Premier Townhomes offer spacious and beautiful two, three, and four bedroom townhomes. Built just in 2008, these townhomes are like new and have luxury, fully equipped kitchens with microwaves. Homes include your own full-size washer and dryer for no additional charge

An unbeatable location is just minutes from City Center at Oyster Point, Newport News Shipyard, Langley Air Force Base, Ft. Eustis, and even Christopher Newport University. Not to mention, we are easily accessible from the interstate and are surrounded by restaurants, entertainment, and shopping!

Kingstowne Apartments offers a variety of floor plans, including unique lofts, flats, and large townhomes throughout two phases.

Kingstowne enjoys an excellent location in the City Center area of Newport News close to all major shopping, restaurants,
and employment areas. Many capital improvements have recently been made to the community, and BAF will continue
the renovation plan to improve the exterior and common elements as well as complete interior updates.

Lee’s Landing is a wonderful rental community located just south of Williamsburg. All units contain two bedrooms and come standard with washers and dryers. BAF is in process of updating the property. Lee’s Landing was purchased from a local family who was the original developer.

Renovated modern garden apartment community on a tranquil setting. The property was purchased from a REIT and was well maintained and updated. The community was re-branded and spruced up to improve curb appeal and operations were improved upon.

Falling Creek Apartments is an attractive two-story garden apartment community, that enjoys an excellent in-fill location, offering quick access to Route 301, I-95, I-295, shopping, employment, and dining. The property has three commercial spaces and remains fully occupied. BAF made many capital improvements to the community and undertook a renovation plan to improve the exterior and common elements as well as complete interior updates.

Located only two miles from the main campus of the University of Maryland, Oglethorpe House was our first rental property acquisition and was successfully converted to condominium ownership over 20 years ago. We originally retained many of the units for rental; however, due to an extremely strong re-sale market, we have sold the remaining unites on an individual basis.

Attractively purchased traditional garden style apartment community. Meticulously well maintained property that offers a peaceful relaxed rural setting as an alternative to busier Frederick communities.

Located in the Upper Park Heights area of Baltimore, this property is representative of the type of rental property we seek. The property is located across the street from the Reisterstown Plaza Metro Stop and Shopping center. Due to financial distress of the seller we were able to purchase this well maintained property at a favorable price. The building consistently maintains full occupancy.

The St. Charles Industrial Center consists of three multi-tenanted Class B flex space buildings containing 129,566 SF and land suitable to develop another 80,000 SF. The previous owners negligent handling of the property's leasing and unwillingness to spend money to maintain and improve the buildings resulted in underperformance of the property, and gave us ample room to create value and enhance performance. In order to satisfy tenants and increase rents, improvements were made to the physical plant, cosmetic look, and the name was changed. As a result of improved leasing and operations NOI to increased by roughly a third within two years. BAF was an investment partner in this property.

In August 2001 Muirkirk Business Center, a two property Class B flex space complex comprising 113,668 SF was purchased from a lender that had acquired the property. At the time of acquisition the property was approximately 70% occupied. At the sale, the property was 97% occupied. BAF was an investment partner in this property.

Located in the Upper Park Heights area of Baltimore, this property has large units in a quiet setting. The property had suffered years of neglect. When purchased by us, the property was in desperate need of renovation and professional management. We immediately changed management and implemented a major renovation program replacing major structural components as well as updating kitchens and baths. The property has subsequently been refinanced several times. The property remained consistently fully occupied with a waiting list, and offers one of the best rentals in this market area. BAF sold the community to redeploy capital into a larger project to realize economies of scale.

Located in the Upper Park Heights area of Baltimore, we decided to sell the property to take advantage of an above market unsolicited offer we received. The property had suffered years of neglect from the previous owners. When purchased by us, the property was in desperate need of renovation and professional management. We immediately changed management and implemented a major renovation program replacing major structural components as well as updating all of the kitchens and baths.

Master planned townhome community located in historic Beaufort near Parris Island Marine Training base. Acquired from Bank of America after the original developer completed the land development, infrastructure, common areas and built and sold 48 townhomes.

The property is an attractive two-story office building containing 28,623 gross SF. The building has an excellent location in Downtown Bethesda and is rented for the next 12-years with NNN master lease. The property is subject to a ground lease, which provides for maximum tax benefits. We had a long-term investment horizon for this property, and forecasted investment returns to achieve a high teens IRR for this stable exceptionally located building, with very low risk. However, we were approached by a 1031 buyer and sold the property, doubling our equity in 2 years. BAF was an investment partner in this property.