BOCA RATON, FL – Bell Partners Inc., a leading US home investment and management firm, announced that it has acquired The Cade and The Lumin, two shared apartments in Boca Raton, Florida, on behalf of its Fund VII investors Has. The two neighboring properties will be merged into a single parish to form Bell at Broken Sound. This is the 8th ward Bell Partners owns in South Florida.
The Bell at Broken Sound is located in Park at Broken Sound, a 700 acre commercial, residential and hospitality hub. Companies like ADT and Office Depot are headquartered near Bell at Broken Sound, and the community is also near a group of universities and hospitals such as Florida Atlantic University, Boca Raton Regional Hospital, and Delray Medical Center. Both properties that make up Bell at Broken Sound have been built in the past two years: The Lumin in 2018 and The Cade in 2019.
"In addition to being one of the premier employment centers in South Florida, Boca Raton provides Bell at Broken Sound residents with access to great retail facilities and highly rated schools," said Kary Nordholz, senior vice president of investments at Bell Partners. "Bell at Broken Sound is located in the heart of the Boca Raton Employment Corridor and less than 1.5 miles from I-95. It provides easy access to many of South Florida's most desirable employment hubs. By combining the real estate deals, we expect this to be is possible." Realize significant cost savings that will allow us to increase NOI and create value for our investors. Additionally, the spacious units, desirable amenities, and high-quality modern features make Bell at Broken Sound well-suited for today's work from home. "
Bell at Broken Sound has a mix of 180 apartments and 90 rental units. Each unit at Bell at Broken Sound has its own entrance, energy-efficient appliances, and modern finishes such as white quartz countertops and wood-finished vinyl floors. All units have washers and dryers in the unit, and select units have private garages with direct access. Communal facilities at the Bell at Broken Sound include two resort-style swimming pools, two 24-hour fitness centers, and a lounge with two conference rooms. Bell Partners closely follows the guidelines of local, state, and federal health authorities regarding the operation and cleanliness of community facilities.
Source: Bell Partners