Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Dallas-Fort Worth  + Apartments  | 
Bell Gateway takes out $120 M loan to buy 831-unit project

831-Unit Plano Project Picked by Bell Partners

Through its Value Add Fund VIII, Bell Partners has acquired Gateway Crossing Apartments, an 831-unit multifamily property in Plano, Texas. Soon after, the company rebranded it as Bell Gateway Village. BH Equities sold the property, which is at 380 Vistacourt Drive. CBRE Daniel Baker brokered the transaction.

Commercial Edge reports the buyer obtained a $119.5 million Fannie Mae loan originated by Walker & Dunlop.

Completed in 2017, Bell Gateway Village encompasses 20 two- and three-story buildings spread across almost 26 acres. The unit mix consists of one-, two-, and three-bedroom floorplans ranging from 611 to 2,686 square feet.

Common-area amenities include a fitness center, three swimming pools, a clubhouse, a barbecue and picnic area, a yoga and spin studio, and a movie theater. Additionally, the property has a dog park, outdoor fireplace, courtyard, lounge and conference room.

Connect

Inside The Story

Bell Partners

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition