CHARLOTTE, NC – Bell Partners, a leading residential investment and management company in the country, has acquired Riverbend Apartments, a 266-unit apartment complex in Charlotte, NC. The property, acquired on behalf of the Company's Fund VII investors, is renamed Bell Riverbend Village and is the 80th community administered by Bell Partners in their home state of North Carolina.
Bell Riverbend Village's location provides residents with a balance between connectivity, pedestrian-friendliness, and proximity to work and entertainment centers. The community is nestled in Charlottes Riverbend Village, a mixed-use development with 185,000 square feet of retail space and 370,000 square feet of office space. The development is also home to major employers in the area, including the headquarters of Corning Optical Communications and Novant Health's proposed 250,000-square-foot medical campus, which will include a full-service hospital and several medical office buildings.
Bell Riverbend Village is adjacent to convenient transportation such as Highway 16 / Brookshire Blvd. and I-485, which provide access to Uptown Charlotte, Southwest Charlotte, and University City. Recreational highlights near Bell Riverbend Village include Mountain Island Lake, Pine Island Country Club, and the US National Whitewater Center.
"Our purchase of Bell Riverbend Village is a continuation of our strategy of seeking investment opportunities in emerging markets and high-growth locations. The Bell Operating Platform will also aim to enhance the living experience of current and future residents, building on the work done. " from the original developer, "said Nickolay Bochilo, EVP of Investments at Bell Partners." With Bell Partners' long history in North Carolina, we have a deep understanding of the economic fundamentals of the state, and this addition to our portfolio reflects our belief that that this market will continue to grow at an above-average rate. "
Built in 2020, Bell Riverbend Village offers modern amenities and new builds. Communal facilities include a summer home with a fireplace and dining area, a resort-style pool, a dog park and pet wash stations, an endless climbing wall, a fully equipped fitness center, and charging stations for electric cars.
Source: Bell partner