GREENSBORO, NC – Bell Partners Inc., one of the country's leading residential investment and management companies, has acquired The Elliott, a newly built 272-unit residential complex in Chapel Hill, NC Fund I investor, renamed Bell Chapel Hill and is the 85th community managed by Bell Partners in their home state of North Carolina.
Bell Chapel Hill is located in the Blue Hill District of Chapel Hill and is in the Research Triangle, one of the fastest growing metropolitan areas and work centers in the country. Located just off I-40, the property's location gives residents direct access to major employers such as Apple's Future Campus, Google's engineering hub, and numerous employers from the biotechnology and life sciences sectors. Bell Chapel Hill is also close to leading research universities such as the University of North Carolina at Chapel Hill (UNC), Duke and North Caroline State University.
The Blue Hill District offers Bell Chapel Hill residents plenty of shopping, dining, and recreation options. The area's walking distance provides easy access to several retail and grocery stores including Whole Foods and Trader Joe & # 39; s as well as University Place and Eastgate shopping malls.
"Bell Chapel Hill is an exciting addition to our Bell Core Fund I portfolio," says Nickolay Bochilo, EVP of Investments at Bell Partners. "The Raleigh-Durham region continues to be a magnet for STEM jobs, which is fueling an increasing demand for quality housing in the region."
Construction of the building was completed in 2021 and offers modern amenities such as a fitness center, a pool with a sun terrace and a coworking lounge with WiFi for residents.
Source: Bell partner