Bell Partners Forms $800M Multifamily Venture To Target Core Assets
The company has formed the venture with long-standing institutional partners, and plans to acquire more than $1.5 billion in assets.
GREENSBORO, NC – Multifamily investment and management company Bell Partners has formed an $800 million core multifamily venture with long-standing institutional partners.
The company intends to purchase more than $1.5 billion in assets, through the venture.
The venture will acquire well-located, low risk, high-quality multifamily properties in submarkets throughout the US. It will aim to acquire assets that can generate consistent cash flow with strong appreciation over a long-term investment.
The venture’s initial capital commitments, made on March 26, were anchored by partners from prior Bell Partners-sponsored investment vehicles.
“We pride ourselves on our relationships and deep commitment to outperforming for our investors,” states Lili Dunn, president of Bell Partners. “This venture is a part of Bell Partners’ strategic plan to further our product offering for our institutional partners and deepen our presence within our target markets with complementary vehicles.”