40th Anniversary Timeline

In 1976, Steve Bell, with a team of 14 employees, launched Bell Partners. In its inaugural year, the company managed just three shopping centers and 256 apartment homes across five North Carolina locations. Today, in our 40th year of operation, we are a Top 15 apartment operator in the U.S., with over 60,000 under management across 13 states.

During our anniversary year, we are celebrating four decades of continual growth on an upward trajectory that puts us among the leaders in our industry. Yet even in the midst of this tremendous growth, we have never lost sight of our company's purpose, recommitting ourselves to it year after year: “To create communities our residents are proud to call home.” To deliver on this promise, we must provide our customers with cutting-edge platforms, practices and superior customer service that keep us at the forefront of the industry. What enables us to do so -- and at the same time to stand apart from the competition -- is the quality of our people. We are proud of the more than 1,500 Bell associates who live our Core Values daily, provide excellent customer service to our residents, professionally manage and maintain our apartment communities, and deliver financial results for our owners and investors. In the end, all of this equates to “Apartment Living at its Best!®”

Please take a moment to explore the interactive timeline below to discover more about Bell's rich history. Looking forward, I hope that you will consider being part of the next 40 years of the Bell experience: living, investing, and partnering with us, as we continue on the path to becoming the best apartment investment and management company in the country.

Sincerely,

Jon Bell, CEO

 

Select a year to learn more.

1976
• Steven D. Bell & Co. was established.

• Steven Bell started the company with 14 employees, operating
three small shopping centers and five apartment communities
totaling 256 units.

1983
• Sold its first property, a 30-unit apartment community in Lenoir, NC.

1988

• Owned and managed 1.4 million square feet of retail shopping
centers including malls in Mt. Airy and Albemarle, NC and
Clearfield, PA.

• Operated 966 condo units, 3,371 apartment units in Boone,
Laurinburg, and Thomasville, NC; Oxford, MS, and Warner
Robins, GA.

• 232 N. Edgeworth Building became the headquarters for Steven
D. Bell & Co. in Greensboro, NC.

1990
• Purchased the 296-unit Oak Crest Apartments in Chattanooga, TN
and partnered with new high net worth investors.

1992
• Purchased Holly Hill Mall, a 465,000 square foot shopping
center in Burlington, NC.

1994
• The company hit nearly $98 million in sales and acquisitions,
topping the company's 1993 transaction record of a little over
$51 million.

1998
• Entered the Senior Housing sector in Burlington, NC.

• The company reached $1 billion in total assets owned
and managed.

2001

• Jon Bell, eldest son of Steve Bell, joined the company.

2002

• The company purchased its first apartment community in Texas.

• Operated 13,000 apartment units in the Southeast and Texas.

 

2003
• Portfolio value reached $1.6 billion and employed 500 Associates.

2004

• Added over 1,000 senior housing units to the portfolio and
purchased 1,514 apartment units in Knoxville, TN valued at nearly
$100 million.

• Closed $36 million deal on the 20-story Wells Fargo Tower in
downtown Greensboro, NC.

• The Wells Fargo Tower is the current location of the headquarters.

2005
• Current Bell Portfolio included: 19,000 apartments, 11 senior living facilities, and 680 associates.

• The company closed on $218 million transactions in June, the busiest month-
to-date, including an $82 million shopping center in Atlanta, GA.

2006
• Durant Bell, youngest son of Steve Bell, joined the company.

2007
• The company ended the year with over $1.6 billion in transactions.

2008

• Purchased the Wrangler Portfolio from UDR, which consisted of
86 properties, 25,684 units at 1.7+ billion.

• Steven D. Bell & Co changed its name to Bell Partners Inc.

2011
• This year marked the opening of Bell Fund IV.

Fund IV was a private equity real estate fund used to invest in high-quality, well-located multifamily properties across the east coast and southwest U.S.

2012
• Bell Partners Inc. narrowed its focus to multi-family apartment
communities and sold the remainder of its senior living holdings for
more than $300 million.

2013
• Closed Fund IV with a total of $200 million of total equity
commitments from institutional and high net worth
investors.

View Press Release ››

• Bell Fund V launched.

• Named as one of the top renovators in the U.S., as well as the Top
Workplace in the Triad Region for the second consecutive year.

2014
• One of the nation's leading apartment investment and
management companies, Bell Partners Inc. investment activity
surpassed $1 Billion.

View Press Release ››

• Sold the Bravo Portfolio of 20,439 units for $1.84 billion;
Contributing to $2.7 billion in 2014 transactions.

2015

• EXPANDED TO THE WEST ACQUIRING A 1,206-UNIT APARTMENT COMMUNITY, BELL FLATIRONS, IN THE DENVER AREA FOR $280 MILLION.

• The purchase of Bell Flatirons was the largest recorded real estate transaction in Colorado history.

View Press Release ››

• MANAGED $7 BILLION IN APARTMENTS. BELL WAS RANKED THE NATION'S 11TH LARGEST APARTMENT REAL ESTATE COMPANY.

• Closed Apartment Fund V with $425 million of total equity commitments from institutional and high net worth investors.

View Press Release ››

2016
• Jon Bell is promoted to CEO. Lili Dunn is named President
of Bell Partners Inc.

View Press Release ››