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Alpharetta Complex is Bell Partners’ 11th Atlanta-Area Deal
Bell Partners Inc. has acquired Avery at Northwinds, an 800-unit apartment community in Alpharetta, GA. The acquisition for an undisclosed sum marks the 11th property owned or managed by Bell Partners in metro Atlanta.
The property, renamed Bell Alpharetta, was purchased on behalf of the firm’s Bell Value-Add Fund VII investors, and Bell also plans capital improvements. It’s situated on Alpharetta’s Alpha Loop, a multi-use path providing residents convenient access to downtown Alpharetta and the surrounding area.
“Bell Alpharetta is an exciting addition to the Bell Value-Add Fund VII portfolio,” said Nickolay Bochilio, EVP of investments at Bell. “The community is located in one of the most desirable areas of Atlanta with great schools, attractive lifestyle amenities, and convenient access to a growing set of employers.”
Built in 1998, the community features a mix of one-, two- and three-bedroom units with amenities including a pool, gym and community room.
- ◦Sale/Acquisition
