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
