GREENSBORO, NC – Bell Partners, a leading residential investment and management company in the country, has acquired the Hanover Warner Center, a 395-unit residential complex in Los Angeles, California. The community, acquired on behalf of the company's Bell Core Fund I investors, will be renamed the Bell Warner Center.
The Bell Warner Center in the San Fernando Valley is minutes from Route 101, which connects residents to major job centers in Woodland Park, the life science industry in Thousand Oaks, and the content creation industry in Burbank. The nearby Warner Center, which houses 10 million square feet of office space, is home to companies such as Intuit, Blackline, and AMC Networks. Other major employers near the community include Warner Bros., Netflix, and Morgan Stanley.
In addition to numerous employment opportunities, the Bell Warner Center is located in the heart of downtown Warner Center, which is home to numerous retail stores, restaurants, and entertainment options. The campuses of UCLA, USC, Pepperdine and other Los Angeles universities offer residents world-class educational opportunities and traditional cultural institutions.
"We are excited to continue our expansion on the west coast with the acquisition of the Bell Warner Center," said Nickolay Bochilo, EVP of Investments at Bell Partners. "Acquiring this community reflects our focus on finding quality real estate in areas with attractive long-term economic foundations. Choosing a desirable suburban location in the Los Angeles subway reflects our belief that suburbs will continue to benefit from demographic and migration shifts resulting from this accelerated during the COVID pandemic. "
The Bell Warner Center, built in 2020, offers a range of resident amenities such as executive conference and meeting rooms, a 24-hour fitness center, and a parking garage with controlled access. The parish also has an atrium with an outdoor cafe and fire pit.
Source: Bell partner