Bell Partners Purchases Additional Austin Apartment Community
Greensboro, NC — Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced today that, on behalf of its investors, it has purchased Fairway Knoll at Teravista Apartments in Round Rock, Texas. The community will be renamed Bell at Teravista and will be managed by Bell Partners.
Developed in 2009, Bell at Teravista is a 318-unit gated multifamily community with one, two and three bedroom apartment homes. The community offers covered parking, a resort-style swimming pool with sundecks, fitness center, a coffee bar and outdoor volley and basketball courts. It is situated next to the Teravista Golf Course and in close proximity to medical facilities and academic institutions, such as the new Cornerstone Healthcare Hospital, Texas State University, Texas A&M Health Science Center and the Round Rock campus of Austin Community College.
Nickolay Bochilo, Vice President of Bell Partners said, “We are pleased to have purchased this community, which will complement our growing presence in Austin, Texas. The acquisition of Bell at Teravista aligns with our goal to create value for our clients by providing focused management and targeted capital investments.”
Bell Partners recently completed the final close of $200 million for its Bell Apartment Fund IV. To date in 2013, Bell has invested in more than $221 million in apartment properties, including the purchase of Bell at Teravista.
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. Bell Partners is the 7th largest apartment operator in the United States, according to the National Multi-Housing Council. Founded more than 35 years ago, Bell Partners now owns or operates 248 apartment properties, with over 69,000 apartments, located generally along the East coast and Southwest.
CONTACTS:
Kevin Thompson
Phone: 336.232.1993
Email: bkthompson@bellpartnersinc.com
Laurenn Wolpoff
Phone: 917.518.9011
Email: lwolpoff@prosek.com