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    Home»Fundraising»Bell Partners Closes $930m Core Venture
    Fundraising

    Bell Partners Closes $930m Core Venture

    February 16, 20222 Mins Read
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    Steve and Jackie Bell gave the single largest gift ever from an individual to the Kenan-Flagler Business school at UNC-Chapel Hill. Here they pose for photos on September 10, 2020 with a model for a proposed new building which will allow the business school to increase it's undergraduate enrollment by 50%, creating an indelible impact on the state of North Carolina (Photos by Jeyhoun Allebaugh/UNC-Chapel Hill)
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     Bell Partners, one of the nation’s leading apartment investment and management companies, today announced it has completed the final close for its core multifamily venture including Bell Core Fund I (the “Venture”). Once fully invested, the Company anticipates the Venture’s total equity capitalization will be $930 million from a broad range of domestic and international institutional investors.

    With leverage, the Venture intends to purchase over $1.8 billion of well-located, high-quality multifamily properties in 14 major markets across the U.S. that can generate consistent cash flow with strong appreciation over a long-term investment horizon. The Venture has already purchased eight properties located in Atlanta, Austin, Dallas, Los Angeles, Raleigh, San Francisco, and Seattle for a total combined purchase price of $900+ million.

    The close of the Venture follows a record year of investment activity for the Company, with approximately $4.8 billion of apartment transaction volume completed in 2021. Since creating its fund platform in 2006, Bell Partners has closed eight funds with total equity commitments of $3.5 billion that have been launched and substantially invested on behalf of institutional and high net worth investors. As of December 2021, the Company oversees an investment management portfolio totaling approximately $7.0 billion in gross asset value. Bell Partners has been ranked as one of the most consistently top-performing real estate private equity firms globally by Preqin’s Global Real Estate Report every year since 2014.

    Read more: PR Newswire

     

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