GREENSBORO, NC – Bell Partners Inc., one of the nation's leading residential investment and management companies, announced that it has sold 23 shared apartments for over $ 1.8 billion. The assets distributed in the United States were part of several investment vehicles managed by the Company.
"We are very excited to deliver exceptional results to our investors," said Lili Dunn, President of Bell Partners. "Our comprehensive platform and innovative approach have enabled us to achieve consistent outperformance over several decades. We value the relationships with our investors and are grateful for their trust and support."
In addition to recent divestments, Bell Partners has actively invested capital in high quality residential communities on behalf of Bell Value-Add Fund VII and Bell Core Fund I in the company's target markets, including recently acquired assets in Seattle, San Francisco, Los Angeles, Dallas, Austin , Ft. Lauderdale, Atlanta, Charlotte, Raleigh, Washington, D.C. and Boston. The company has completed acquisitions and disposals valued at approximately $ 4.3 billion to date in 2021.
"Despite the economic disruption caused by Covid, the performance of our portfolio has remained resilient," said Jon Bell, CEO of Bell Partners. "We have seen some of the strongest market fundamentals in the company's 45-year history. We remain optimistic about long-term demographic and lifestyle trends for the US multi-family rental sector and we will continue to be a prudent and opportunistic buyer." Sellers of shared apartments across the country. "
Source: Bell partner