Bell Partners Acquires Multifamily Community in Metro Denver Area
GREENSBORO, N.C. (November 21, 2018) Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced today that, on behalf of its Fund VI investors, it has acquired Bradburn Row, a 310-unit community located in Westminster, Colorado. The community has been renamed Bell Bradburn and will be managed by Bell Partners.
Bell Bradburn is situated less than 10 minutes from Denver’s 36 Corridor, known colloquially as the “Silicon Valley of the Rockies.” Reminiscent of an old-fashioned Main Street, the property features large apartments (averaging 1,256 square feet) and three-story townhome-style units with attached garages (73% of homes). Unique to the submarket, Bell Bradburn offers a meticulously groomed Town Square park, private streets, and walking trails as a part of the 120-acre Bradburn Village master-planned community. Residents can walk to over 300,000 square feet of commercial and retail uses, including Whole Foods, Sprouts, other daily-needs retailers, and a variety of fast-casual and full-service restaurants.
Nickolay Bochilo, Executive Vice President, Investments, said: “Our investment in Bell Bradburn represents the continuation of our strategy to invest in high-quality assets that provide attractive current income and value growth prospects. We plan to modernize apartment interiors and amenity areas, which should enhance living experience for the current and future residents.”
Bell Bradburn offers well-designed one, two, and three bedroom homes that feature wood-style flooring, stainless steel appliances, granite countertops, over-sized windows, spacious closets and a washer and dryer in each unit. Select units include fireplaces, private balconies, and direct-access private garages – some designed for two cars. Community amenities include generous common areas, a fitness center, a yoga studio, a conference room, a demonstration kitchen, and a resort-style pool with outdoor kitchen. The purchase of Bell Bradburn will grow Bell’s Colorado portfolio to six communities.
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. With approximately 50,000 units under management, Bell Partners is one of the largest apartment operators and renovators in the United States. The Company has approximately 1,250 associates and 9 offices (including its headquarters in Greensboro, N.C.) and offers an extensive and full service platform containing expertise in acquisitions and dispositions, financing, property operations, accounting, risk management 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 $13 billion of apartment transactions since 2002, including nearly $1.2 billion in 2017 transaction. For more information, visit our website at www.bellpartnersinc.com.
CONTACTS:
Laurel Howell
Bell Partners Inc.
Phone: 336.232.5526
Email: lhowell@bellpartnersinc.com
Laurenn Wolpoff
King Street Advisors
Phone: 917.518.9011
Email: lwolpoff@king-consult.com