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GREENSBORO, NC-Locally based Steven D. Bell & Co. has sold 29 communities in two deals, worth a total $667 million. The properties are spread across the Southeast and Texas.

In the first deal, which closed late last month, Chicago-based Orion Residential and its joint venture partner GE Capital acquired two properties--one on Atlanta and one in Forth Worth. This deal carried a $105.5-million price tag. The apartment communities were built within the last 10 years and contain a total 914 units, according to a release from the Bell Co.

In the second deal, New York City-based DRA Advisors purchased the remaining 27 properties for $571.5 million. This portfolio contains a total 6,294 units spanning North Carolina, South Carolina, Tennessee and Georgia. Nine of these properties are expected to close later this month, according to the Bell Co.