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Bell Partners Acquires Multifamily Communities for Two Separate Funds
Greensboro, NC-based Bell Partners has acquired Lansbrook Village, a 774-unit apartment community located in Palm Harbor, FL. In a separate transaction, the Company also announced it acquired Presidio East, a 312-unit apartment building in Fort Worth, TX. Lansbrook Village was acquired on behalf of Bell Value-Add Fund VIII investors and will be renamed Bell Lansbrook Village. Presidio East was acquired on behalf of Bell Core Fund I investors and will be renamed Bell Presidio.
Bell Lansbrook Village is a low-density community with townhome style units in one-, two-, three- and four-bedroom plans. Bell Presidio is a low-density community with a unit mix of larger floorplans.
“By leveraging our local market knowledge and differentiated deal flow, we have acquired two properties in quality locations that, with careful underwriting and a disciplined approach to risk management, can each provide attractive returns to our investors,” said Bell Partners EVP of Investments Nickolay Bochilo
- ◦Sale/Acquisition
