Bell Partners Forms $800 Million Core Multifamily Venture with Institutional Partners to Acquire Properties in Favorable Submarkets
GREENSBORO, NC - Bell Partners, one of the nation's leading apartment investment and management companies, announced that it has formed an $800 million core multifamily venture with long-standing institutional partners that, with leverage, intends to buy over $1.5 billion of assets. Initial capital commitments for the venture were made on March 26 and were anchored by partners from prior investment vehicles sponsored by Bell Partners. The venture will acquire well-located, lower risk, high-quality multifamily properties in favorable submarkets across the U.S. that can generate consist...
Source: multifamilybiz.com