Bell Partners recently announced the acquisition of three properties, two in Denver and one in Miami, for a total of $264.3 million. The purchases were made on behalf of its Bell Value-Add Fund VIII, as disclosed in a company press release.
Bell Partners plans to renovate these properties to enhance their value and offer affordable rental options relative to local income levels and housing prices. Nickolay Bochilo, Chief Investment Officer at Bell Partners, emphasized the company’s commitment to improving the assets in line with market needs.
With these acquisitions, Bell Partners now manages 18 communities with a combined 6,100 apartment homes in Colorado and nine communities with over 2,500 apartment homes in South Florida.
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By Proptechbuzz
By Ravi Kumar
