Bell Partners Announces Sale of Chattanooga Property

Greensboro, NC — Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced today it has sold Bell Standifer to America First Real Estate Group, on behalf of their investors. The property was previously named Standifer Place. Bell Standifer closed on September 26, 2012. The property was originally purchased by Bell-sponsored investors, in 2001. It contains one, two and three bedroom apartment homes and amenities include a pool pavilion, Wi-Fi pool access, 24-hour fitness and laundry centers and a variety of sports courts. It is located in proximity to major shopping areas and highways. Bell Partners will not be retaining management of the property. Nickolay Bochilo, Vice President of investments at Bell Partners said, “The successful conclusion of our investment in this asset has greatly benefitted our clients and has enabled Bell Partners to further its strategic plans.”

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.

CONTACTS:

Kevin Thompson
Phone: 336.232.1993
Email: bkthompson@bellpartnersinc.com

Laurenn Wolpoff
Phone: 917.518.9011
Email: lwolpoff@prosek.com