Bell Partners has added to its growing footprint in the Bay Area with a $206M purchase of a 260-unit multifamily complex in South San Francisco that provides housing for one of the hottest biotech hubs in the nation.
Bell Partners, a multifamily asset management firm based in Greensboro, NC, purchased the Cadence Apartments—which will be renamed Bell South City—from a partnership of Saris Regis Group of Northern California (SRGNC) and the AFL-CIO Building Investment Trust.
The multifamily complex, which opened in 2019 and includes units that rent for as high as $5,400/month, is adjacent to the biotech employment hub of San Francisco's Oyster Point, which is anchored by Genentech's headquarters.
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