BWI

About BWI

BWI is a real estate operator. BWI operates in Fort Wayne, Indiana and Indianapolis, Indiana. Its investment focus is on Affordable Housing, Condominiums and Industrial.

BWI, LLC (Black and White Investments) was founded in 2005 and is headquartered in Indianapolis, Indiana. It serves Indiana and broader parts of the Midwest, including Illinois, Michigan, Ohio, and Kentucky. The firm operates across multiple real estate and construction disciplines. Its core services include real estate development, construction management, property management, consulting, capital formation, electrical contracting, and nonprofit and mixed-use development. The company emphasizes multi‑family, mixed‑use, affordable, energy‑efficient and sustainable urban revitalization projects. BWI’s leadership includes a president and CEO experienced in managing teams up to 400 people and project budgets ranging from US $1 million to US $100 million. That reflects the scale at which the firm has operated across its projects.

Principals at BWI

Recent activity at BWI

No recent signals captured for BWI yet. Set up a Signals alert to be notified when fund closes, leadership changes, or new developments surface in the trade press.

BWI's project portfolio

8 projects on file · Multifamily (5), Mixed-Use (1), Residential (general) (1), Industrial (1)

Markets and themes

Markets BWI operates in

• Fort Wayne, Indiana
• Indianapolis, Indiana

Investment themes at BWI

• Affordable Housing
• Condominiums
• Industrial
• Life Science
• LIHTC
• Multifamily - Ground-up
• Senior Housing
• Standalone Retail
• Workforce Housing

Capabilities

• Asset Management
• Construction Management
• Economic Development
• Environmental Remediation
• Public-private partnerships
• Site Development
• Transit-oriented development

Operators similar to BWI

• ANF Group
  Mid-market tierSenior HousingAffordable Housing+5 more themes
• Cypress Equity Investments
  Mid-market tierSenior HousingAffordable Housing+4 more themes
• Strada Investment Group
  Mid-market tierAffordable HousingMultifamily - Ground-up+4 more themes
• Vermilion Development
  Mid-market tierIndianapolis, IndianaFort Wayne, IndianaSenior HousingAffordable Housing+2 more themes
• 3 Leaf Holdings
  Mid-market tierSenior HousingAffordable Housing+4 more themes
• Dream Development
  Mid-market tierSenior HousingAffordable Housing+4 more themes
• Poverni Sheikh Group
  Mid-market tierWorkforce HousingIndustrial+4 more themes
• Excel Development Group
  Mid-market tierSenior HousingWorkforce Housing+3 more themes
• CSW Development
  Mid-market tierSenior HousingIndustrial+3 more themes
• Gershman Partners
  Mid-market tierIndianapolis, IndianaIndustrialWorkforce Housing+2 more themes

Frequently asked questions about BWI

What does BWI do?

BWI, LLC (Black and White Investments) was founded in 2005 and is headquartered in Indianapolis, Indiana.

What markets does BWI operate in?

BWI is active in Fort Wayne, Indiana and Indianapolis, Indiana.

How many employees does BWI have?

BWI has 11–50 employees.