Bell Partners Acquires Three Apartment Communities in Denver and Miami

The properties were purchased on behalf of the Bell Value-Add Fund VIII

Greensboro, North Carolina – Jan. 21, 2025 – Bell Partners (the “Company”), one of the nation’s largest apartment investment and management companies, today announced it acquired Cherrywood Village (located in Parker, Colorado); Luna Bella (located in Lafayette, Colorado); and Bridges at Kendall, (located in Miami, Florida). The properties were purchased on behalf of the Company’s Bell Value-Add Fund VIII in separate transactions for a total of $264.3 million. The communities have been renamed Bell Parker, Bell Lafayette and Bell Kendall West, respectively.

“Our deep local presence in our 12 target regions enables us to find quality assets in submarkets where we see a favorable growth outlook and attractive intrinsic value,” said Nickolay Bochilo, Chief Investment Officer at Bell Partners. “We look forward to repositioning these three assets and to provide affordable rental options relative to resident incomes and for-sale housing.”

• Completed in 2002, Bell Parker is a 360 unit garden style community located at 16950 Carlson Dr. in the Denver submarket of Parker, Colorado. The Company acquired Bell Parker in January from Starwood / SREIT for $103.3 million. JLL acted as the broker.
• Completed in 2016, Bell Lafayette is a 240 unit garden style community located at 695 S. Lafayette Dr. in the Denver submarket of Lafayette, Colorado. The Company acquired the community in December from Buchanan Street Partners for $82.5 million. Walker & Dunlop acted as the broker.
• Completed in 2013, Bell Kendall West is a 228 unit garden style community located at 8485 Hammocks Blvd. in Miami, Florida. The Company acquired the community in November from Stockbridge Real Estate for $78.5 million. CBRE & Eastdil acted as the brokers.

With these three acquisitions, Bell Partners now owns or manages a portfolio of 18 communities containing 6,100 apartment homes in the state of Colorado, and nine communities containing over 2,500 apartment homes in South Florida.