Advertise, Promote, Attend, Create – Work with Connect.
A full service marketing and PR agency.
Meet the team behind the machine and taste a little of the secret sauce.

Atlanta & Southeast News In Your Inbox

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

Sub Markets

Property Sectors

Topics

Atlanta & Southeast  + Carolinas  + Apartments  | 
Bell Partners Inc., has acquired a portfolio of four apartment communities for $313 million, including Sidney at Morningside in Atlanta, GA

Greensboro’s Bell Partners Pays $313M for Four-Property Residential Portfolio

Greensboro, NC-based Bell Partners, Inc., has acquired a portfolio of four apartment communities for $313 million, including Sidney at Morningside in Atlanta, GA. The 846-unit portfolio was purchased on behalf of Bell Apartment Fund VII investors and includes:

  • Sidney at Morningside in Atlanta, GA (to be renamed Bell Morningside)
  • Residences at Starwood in Frisco, TX (to be renamed Bell Starwood)
  • Touchstone Apartments in Broomfield, CO (to be renamed Bell Broomfield)
  • Montecito Apartments, located in Santa Clarita, CA (to be renamed Bell Valencia)

“At a time of increased turbulence in the capital markets, this portfolio fits our long-term strategy of pursuing investments in our target markets where we can leverage our local experience and extensive operating platform to enhance performance, using disciplined underwriting to reflect current and projected market conditions,” said Nickolay Bochilo, EVP of investments at Bell Partners.

Sidney at Morningside was completed in 2009 as for-sale condos and contains 110 apartment homes with a larger than typical floor plan averaging 1,557 square feet. It is close to Emory University and retail amenities including the Ansley Mall and Trader Joe’s and easy access to employment centers in Decatur, Midtown, Downtown and Buckhead.

Photo: Sidney at Morningside

Connect

Inside The Story

Bell Partners' Bochilo

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
LeeAssociates-24-cube
NewPoint-10-cube