Bell Partners Acquires Two Florida Apartment Communities
Bell Westchase and Bell Miramar Place expand Bell’s Florida market presence
Bell Partners is pleased to announce the recent acquisition of two communities located in Florida that have been added to the company’s branded management portfolio. The addition of these assets brings the total number of apartment homes owned and/or managed by the company in the state of Florida to approximately 11,500.
Bell Westchase is a 218-unit garden community located in Tampa. The property was acquired on behalf of the company’s Bell Core Venture I. Completed in 2019, Bell Westchase offers attractive interior finishes, a well-programmed amenity package and easy access to major retailers. For more information on Bell Westchase, please visit www.bellwestchase.com.
Bell Miramar Place Bell Miramar Place is a 349-unit garden/townhome community located in Miramar (South Florida). The property was acquired on behalf of the company’s Bell Value-Add Fund VIII. Completed in 2013, Bell Miramar Place features unique floorplans with large units and dens, attached garages, and three-story townhome units. Bell plans to complete a renovation program that includes upgrades to apartments and common areas to improve the usability and functionality of these spaces and enhance the resident experience. For more information on Bell Miramar Place, please visit www.bellmiramarplace.com.
“We are excited to welcome the residents of Bell Westchase and Bell Miramar Place to our management portfolio of over 85,000 units nationwide,” said Cindy Clare, Chief Operating Officer. “Our residents are our North Star and we are committed to creating communities our residents are proud to call home.”
“Florida’s long-term fundmentals remain intact, with a favorable business environment and attractive lifestyle amenities supporting in-migration and renter demand,” said Nickolay Bochilo, Bell’s Chief Investment Officer. “Bell Westchase provides a stable performance history in a location with attractive growth prospects. At Bell Miramar Place we believe the upgrades being planned for individual apartment homes and common areas will deliver a superior living experience for our current and future residents.”