Category Archives: 2007

Bell Purchases Seven Apartment Properties for More Than $96 Million

Greensboro-headquartered Steven D. Bell & Company has purchased seven apartment properties in three Southeastern states valued at $96,100,000. Six of the multi-family communities, totaling 1,456 units, were purchased from Berwind of Philadelphia, an investment management company. Valued in total at $81,200,000, three of these properties are located in Metro Atlanta, two in Huntsville, Ala. and…

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Bell Names New Senior Vice President of Multifamily Division

GREENSBORO, N.C.- Steven D. Bell & Company is pleased to announce that Erin Ditto will join the firm in late October as Senior Vice President of the company's Multifamily Division. Ditto is currently Senior Vice President of Operations at United Dominion Realty Trust. About Bell Partners Inc. Established in 1976, Bell Partners Inc. (“Bell Partners”…

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Bell Executes Apartment Portfolio Sale of $677 Million

Steven D. Bell & Company has sold 29 apartment properties in four Southeastern states and Texas worth approximately $677 million, making these sales the largest collective transaction in the 31-year history of the company. The transactions include two separate portfolio sales. The first portfolio included the recent disposition of two properties in Atlanta, GA and…

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Bell Closes on Two Apartment Properties Valued at More Than $26 Million

GREENSBORO, N.C.- Steven D. Bell & Company recently purchased apartment communities in Arkansas and North Carolina, including The Beckanna, a landmark property high rise near Crabtree Valley Mall in Raleigh. The Beckanna was acquired for $16.4 million from Beckanna LLC, which recently completed an extensive renovation of the 254-unit complex. Beckanna was built in 1963…

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Bell Sells Two Apartment Communities for More Than $51 Million

GREENSBORO, N.C.- Steven D. Bell & Company recently completed the sale of two apartment properties located in Chapel Hill and Metro Atlanta for a combined price of approximately $51 million. Notting Hill in Chapel Hill was sold to Crow Holdings for approximately $25.3 million. The 200-unit apartment community was constructed in a joint venture with…

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Bell Invests $31M in Georgia Retail Centers

Steven D. Bell & Company has purchased three retail properties in Georgia in deals totaling $31 million. The properties include: Crossroads Pointe in metro Atlanta, a 30,600-square-foot center anchored by a grocery building that is currently leased by Kroger but not occupied; the 38,171-square-foot Berwick Marketplace in Savannah; and, the 96,141-square-foot Rivoli Crossing in Macon,…

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Bell Ranks 38th in Apartment Managers in U.S.

GREENSBORO, N.C.- Steven D. Bell & Company surged onto the National Multi Housing Council's (NMHC) Top 50 Apartment Managers list for 2007 behind the company's dramatic increase in unit acquisitions during 2006. Bell, a diversified real estate investment and management company headquartered here, was listed as managing 29,754 apartment units at year's end, an increase…

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