Bell Partners Announces Acquisition of Florida Apartment Community
Greensboro, NC — Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced today that Bell has acquired Treo Apartments in Miramar, Florida, a suburb of Fort Lauderdale. In keeping with the Company’s branding strategy, the community will be renamed Bell Miramar. To date in 2012, Bell has acquired over $200 million in apartment properties, including the purchase of Bell Miramar for approximately $30 million. Bell Miramar is a 131-unit gated community, located on approximately ten acres. Completed in 2011, the Class-A property is located in direct proximity to major employment centers and transportation arterials. The community is comprised of two and three bedroom townhome units, which average 1,420 square feet in six unique floor plans. Each townhome has a private entry with its own fenced courtyard. Bell Miramar also includes a swimming pool, two playgrounds and other upscale amenities. Joe Cannon, Bell Partners’ Vice President of Investments, said, “This purchase is consistent with our strategy of acquiring high-quality, well-located properties in our key markets throughout the Mid-Atlantic, Southeast, and Southwest. This property will be a strong complement to our existing Florida portfolio.”
About Bell Partners Inc.
Established in 1976, Bell Partners Inc. (“Bell Partners” or the “Company”) is a privately held, vertically integrated apartment investment and management company focused on high-quality multifamily communities throughout the United States. Bell Partners has over 60,000 units under management and over 20,000 apartments under renovation. The Company has over 1,600 associates and 6 offices (including its headquarters in Greensboro, NC) and offers an extensive and full service operating platform containing expertise in acquisitions and dispositions, financing, property operations, construction, accounting, risk management, market research and all other related support functions. Bell Partners is led by a senior management team with an average of over 20 years of experience that has invested throughout all phases of the real estate cycle and has helped the Company complete over $10 billion of apartment transactions since 2002, including almost $1.5 billion of activity in 2015 alone. For more information, visit our website at www.bellpartnersinc.com.