Bell Partners Announces Acquisition of Atlanta Apartment Community
Greensboro, NC — Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced today that it has purchased Oxford Asbury Park Apartments in Atlanta, Georgia for $33.6 million on behalf of its investors. The community will be renamed to Bell Hartsfield in alignment with the Company’s branding strategy. Bell Hartsfield is a 269-unit Class AA luxury community, located on approximately 3.68 acres in southwest Atlanta, directly adjacent to Atlanta’s Hartsfield-Jackson International airport. The property contains one, two and three bedroom apartment rental homes with an urban loft design and high ceilings. The community offers first class amenities including a resort-style swimming pool with an attached sundeck, an adjacent picnic gazebo, a 24-hour state-of-the-art fitness center, controlled access and a clubhouse with a fully-equipped kitchen. Jon Bell, President of Bell Partners, said, “Bell Hartsfield is a uniquely located and high-quality property that will make an excellent addition to our portfolio as we continue to build our presence in key markets in the US.” To date in 2012, Bell has acquired more than $300 million in apartment properties, including the purchase of Bell Hartsfield announced today.
About Bell Partners Inc.
Bell Partners Inc. is one of the country’s leading apartment investment and management companies. The company invests capital on behalf of accredited high net worth and institutional investors. Through its Bell Apartment Living division, the company is the 10th largest apartment operator in the United States, according to the National Multi-Housing Council. Founded more than 35 years ago and now employing approximately 1,700 associates, Bell Partners oversees a portfolio valued at over $4.4 billion across 15 states, mostly in the Mid-Atlantic, Southeast and Southwest. Bell Partners now owns or operates 246 apartment properties, located generally in the Mid-Atlantic, Southeast and Southwest. Bell’s portfolio includes more than 69,000 apartments.
About Bell Partners Inc.
Established in 1976, Bell Partners Inc. (“Bell Partners” or the “Company”) is a privately held, vertically integrated apartment investment and management company focused on high-quality multifamily communities throughout the United States. Bell Partners has over 60,000 units under management and over 20,000 apartments under renovation. The Company has over 1,600 associates and 6 offices (including its headquarters in Greensboro, NC) and offers an extensive and full service operating platform containing expertise in acquisitions and dispositions, financing, property operations, construction, accounting, risk management, market research and all other related support functions. Bell Partners is led by a senior management team with an average of over 20 years of experience that has invested throughout all phases of the real estate cycle and has helped the Company complete over $10 billion of apartment transactions since 2002, including almost $1.5 billion of activity in 2015 alone. For more information, visit our website at www.bellpartnersinc.com.