Bell Companions Expands South Florida Portfolio With Acquisition of 279-Unit Satori Condominium Group in Fort Lauderdale, Florida

Bell Partners Expands South Florida Portfolio With Acquisition of 279-Unit Satori Apartment Community in Fort Lauderdale, Florida

FORT LAUDERDALE, FL – Bell Partners Inc., one of the leading housing investment and management companies in the United States, has acquired Satori Apartments, a 279-unit residential community in Fort Lauderdale, Florida. The property was acquired on behalf of the company's Fund VII Investors, is being renamed Bell Sunrise.

Bell Sunrise was built in 2010 and is located within two miles of the Atlantic Ocean. It offers residents easy access to work and leisure. The employment corridor between downtown Fort Lauderdale, Cypress Creek, Sunrise, Plantation, Hollywood, Miramar and Boca Raton supports over 46,000 jobs at major employers such as American Express, Motorola Solutions and Fox Sports. For time outside of work, Bell Sunrise is across from Holiday Park, which has tennis and basketball courts, a dog park, pickleball courts, a playground, and a leisure center. The community is also close to a cluster of local boutiques, restaurants, arts, recreation, and entertainment in downtown Fort Lauderdale and Flagler Village.

"Bell Sunrise is deepening our portfolio in the South Florida market, which has been a major beneficiary of accelerating trends in job and population migration over the past 12 months," said Nickolay Bochilo, EVP of Investments at Bell Partners. "Favorable drivers of housing demand in the area and the ability to upgrade the physical features of the community make this investment an attractive solution for our value creation fund. Our team plans to upgrade common spaces and housing units to match the residents' experience to be improved with functions that enable flexible and remote-controlled work. "

Bell Sunrise communal facilities include a clubhouse with a meeting area and kitchen, a 24-hour fitness center and aerobics room, two steam rooms and dry saunas, an infinity pool with private cabanas, a meditation garden, spa and treatment rooms, retail stores on site and restaurants, a dog park and business center. Each unit has walk-in closets; Main bathrooms with double sinks, large soaking tubs, and walk-in showers; oversized bedrooms; spacious living areas with additional office space; as well as large private balconies. Bell Partners closely follows the guidelines of local, state and federal health authorities regarding the operation and cleanliness of community facilities.

Source: Bell Partners


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