DALLAS, TX – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced it has bought Routh Street Flats, a 208-unit apartment community located in Dallas, Texas. The property, to be renamed Bell Katy Trail, was bought on behalf of a separate account venture between Bell Partners and HANSAINVEST Real Assets GmbH, a leading institutional investment firm based in Hamburg, Germany.
Located in the heart of Uptown Dallas, Bell Katy Trail offers residents access to dining, entertainment, shopping, and recreation opportunities. Bell Katy Trail is minutes from the West Village, a premier shopping and dining center, putting residents within walking distance of grocery and retail needs. The property is also near well loved cultural and recreation spots, including the Arts District, Katy Trail and the Turtle Creek Greenbelt. Bell Katy Trail is also a small walk from the McKinney Avenue Trolley, connecting the property to a range of destinations in the city.
Completed in 2015, Bell Katy Trail features a mix of studio, one- and two-bedroom units. Common area amenities include a rooftop terrace with a fire pit and views of the city, an infinity saltwater pool and a fitness center. Apartment interiors include granite surfaces, stainless appliances and full-size washers and dryers.
“As apartment residents increasingly seek well-located housing offering convenient, walkable access to employment, retail and cultural offerings, the acquisition of Bell Katy Trail reflects Bell Partners’ targeted investment in urban submarkets like Uptown,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “With approximately 70,000 units currently under management, including over 7,700 units in Dallas, we will leverage our local experience and extensive operating platform to maximize performance.”
Bell Katy Trail follows the company’s acquisition in August of Bell CityLine, a 435-unit community located in the Dallassuburb of Richardson. In June, Bell Partners bought Lenox Springs and Lenox Meadows in Austin, merging operations with an existing Bell property, Bell Southpark, to form a combined 949-unit multifamily community. The company has completed $4.8 billion in transactions in 2021 and is actively investing in 14 target U.S. markets located in the Northeast, Mid-Atlantic, Southeast, Texas and West Coast.

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TUCSON, AZ – Leading commercial real estate firms Vertical Street Ventures, Limitless Estates, and Invest in Multifamily announced the joint acquisition of Seneca Terrace Apartments in Tucson, Arizona, a 109-unit apartment complex. The teams are led by Steven Louie, Jenny Gou, and Ronnie Gou of Vertical Street Ventures, Kyle Mitchell of Limitless Estates, Jonathan Winick of Invest in Multifamily, and alongside Key Partner Gil Ficke.
This is the third property bought this year by this joint venture group in the Tucson Market. With Tucson experiencing 14% rent growth, the 3rdhighest rent growth in the nation, the Joint Venture Team is bullish on growing its presence in the 2ndlargest city in Arizona.
“We are thrilled to add Seneca Terrace to our joint portfolio in the quick-growing Tucson market, our 6thacquisition in the Arizona market and 3rd in the Tucson market in the past 12 months. With our first two properties exceeding our expectations, we searched for further expansion in Tucson.” Said Kyle Mitchell, Managing Partner for Limitless Estates. “We look forward to enhancing what this property has to offer for its residents.”
Seneca Terrace is a 109-unit institutional-quality apartment complex built in 2000. Owned and operated by its original developers, Seneca Terrace will be rebranded to The Residences on Seneca and go through significant upgrades to modernize the property. Located in the growing Tucson Area, the property consists 100% of two- and three-bedroom units with over 1,000 sq. feet in each unit. Amenities include a swimming pool, Spa, Picnic Areas with barbeque grills, in unit Washer and Dryers, and Covered Parking.
Together, this team owns and operates more than 1,100 multifamily units worth over $155 million across Texas and Arizona. They are uniquely positioned to lead the optimization and growth of this property.

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ORLANDO, FL – ECI Group announces its acquisition of Makara Orlando Apartments, a 228-unit, nine-building, Class A apartment community in rapidly growing East Orlando. The community was developed by RangeWater Real Estate and delivered in mid-2021.
“This exchange-driven acquisition demonstrates ECI’s strategy of recycling capital from older properties into newer properties and expanding our geographic footprint as we accomplish that,” said James Baugnon, President and CIO at ECI. “This is the third deal for us using this strategy in 2021. This repositioning of our portfolio has also accelerated our growth in Florida, reflecting our confidence in the underlying demand drivers in that state.” ECI recently hired a regional development partner for its Florida investments and currently owns five operating assets and recently broke ground on a new development, Parc Madison, in Tampa.
Makara Orlando Apartments is located on a unique infill site on University Drive close to an abundance of destination retail, restaurant and entertainment venues including Waterford Lakes Town Center, Baldwin Park and Downtown Orlando. The gated, secured-access community features top-of-the-market luxury amenities including a clubhouse, freestanding garages, resort-style pool, modern, 24-hour fitness club, resident lounge with kitchen and billiards and a large dog park. The community is located minutes from the University of Central Florida, the Central Florida Research Park, Siemens and Lockheed Martin. Makara was developed in 2020/2021 with the first units delivering in June 2021 and has averaged 40 leases per month since then.
Makara’s one-, two-, and three-bedroom units feature open-concept floor plans with gourmet kitchens, stainless steel appliances, granite countertops and islands, upgraded lighting, bright subway tile showers and in-unit washers and dryers.
ECI extends its appreciation to Newmark’s Central Florida team led by Senior Managing Director Scott Ramey, Associate Brad Downing and Associate Paul Grant for their representation of RangeWater Real Estate.

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