GREENSBORO, NC – Bell Partners, one of the nation’s leading multifamily investment and property management firms, announced the final close of its Value-Add Fund VIII at a hard cap of $1.3 billion in equity commitments from a range of domestic and international investors, many of whom were existing partners in previous funds.
Fund VIII will deploy a value-add investment strategy, acquiring well-located, quality market-rate apartments in 14 target markets across the United States including Boston, Washington D.C., Raleigh, Charlotte, Atlanta, Fort Lauderdale, Orlando, Tampa, Austin, Dallas, Denver, Los Angeles, San Francisco and Seattle. With leverage, the Fund has investment capacity of approximately $3.2 billion. The Fund’s value creation strategies include renovations, enhanced operations, and investment in transitioning neighborhoods.
“We are grateful for the support of our investors and are committed to consistently delivering strong performance throughout a full market cycle by leveraging our national platform and deeply experienced team,” said Lili Dunn, Chief Executive Officer and President of Bell Partners Inc. “We are focused on carefully identifying attractive investment opportunities that make value for our investors.”
“Apartment fundamentals remain solid, and we are confident that multifamily housing is well-positioned to withstand changing market conditions,” said Joe Cannon, EVP, Portfolio Management, Bell Partners Inc. “As we evaluate opportunities to invest Fund VIII, we will continue to leverage the insights and capabilities from Bell’s vertically integrated operating platform to identify attractive investment opportunities and maintain our record of making value for our investors.”
Hodes Weill Securities, LLC acted as the exclusive global placement agent to Bell Partners.
The close of Fund VIII follows the close of Bell Partners’ $930 million Bell Core Venture in 2022, which complements the Company’s value-add investment strategy. Since making its fund platform in 2006, Bell Partners, Inc. has closed nine funds and numerous other separate accounts with total equity commitments of over $6.0 billion that have been launched and substantially invested on behalf of institutional and high net worth investors.

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BOCA RATON, FL – Waypoint Residential, a vertically integrated multifamily developer, owner and operator, announced that it is delivering 7 new apartment projects, totaling 1,800 units, in Florida in the first half of 2023.
The projects, which all contain Class A amenities and finishes, are located in markets throughout the state, including Port St. Lucie, Vero Beach, Orlando, Stuart, Palm Bay and Gainesville.
“We are very excited about our development activity in Florida,” said Scott Lawlor, Founder and CEO of Waypoint Residential. “We’re in the process of delivering 1,800 units and have another approximately 3,000 under construction or in predevelopment that will deliver in 2024 and 2025.”
Waypoint has previously developed approximately 2,000 apartment units in Florida, bringing total investment activity in the state to nearly 7,000 units, totaling $1.5B of capitalization. This is in addition to nearly 7,000 units representing $1.5B of investment activity through the rest of the Sunbelt region of the Unites States.
“We’re huge believers in Florida. The growth tale has been spectacular for some time, and we believe it’s only getting better. At the same time, the market has continued to deliver inadequate new housing stock to keep up with the growing population. As a result, we forecast extremely favorable conditions for investment in the housing market well into the future.”

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DALLAS, TX – Brazos Residential, a Dallas-based real estate private equity firm specializing in multifamily investments, announced the acquisition of The Thread Apartments located in Dallas, Texas.
The 606-unit garden-style community consists of three different phases constructed between 1969 and 1978. It is situated on the border of Dallas city limits and Richardson, offering an exceptional location with direct access to interstate US-75 and the Lyndon B. Johnson Freeway, commonly known as the Telecom Corridor. Furthermore, it is adjacent to the Texas Instruments headquarters.
“The Thread has several unique characteristics that make it an exciting opportunity for the partnership,” clarifies James Roberts, Managing Partner and Co-founder. “We were able to secure the asset off-market at a fantastic basis through our local broker relationships. The Thread recently emerged from a Land Use Restrictive Agreement (LURA) which allows us to make immediate value by switching to fully market rates. We are equally excited to make a positive impact for the residents and community through property-level improvements.”
The community marks the firm’s sixteenth asset and the sixth in the Dallas/Fort Worth area since its inception in 2022.
“We possess an intimate knowledge of the Dallas/Fort Worth market and are thrilled to add this asset to our portfolio,” proclaims William Hancock, Managing Partner and Co-founder. “The proximity of The Thread to other Brazos Residential properties and our corporate headquarters presents strategic synergies, supporting the expansion of our portfolio in our own backyard.”

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