SEATTLE, WA – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced that it has bought Modera Jackson, a 160-unit apartment community located in Seattle, Wash. The property, bought on behalf of the firm’s Fund VII investors, will be renamed Bell Jackson Street. The seller is Boca Raton, Florida-based Mill Creek Residential. Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), served as broker on the transaction.
Bell Jackson Street is located in the heart of Seattle’s historic Central District, giving residents access to a vibrant residential neighborhood and community. The city of Seattle is the largest employment center in the Pacific Northwest with over 328,000 jobs in the downtown core. Fortune 500 companies with headquarters in the city include Amazon, Nordstrom and Starbucks, and other notable employers include Apple, Facebook, Google and Microsoft.
The acquisition represents Bell Partners’ third owned community in the Seattle metro area and continues the firm’s expansion on the West Coast. Including Bell Jackson Street, Bell Partners owns and/or manages over 1,200 apartment units across six properties in West Coast markets including Seattle, the Bay Area and Los Angeles.
“With the acquisition of Bell Jackson Street, we are thrilled to grow our Seattle portfolio with a focus on locations that offer strong long-term growth prospects,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “Despite near-term economic challenges, we continue to believe in the long-term economic fundamentals of the Seattle metro area. The city’s top-tier educational institutions, the culture of innovation and presence of some of the world’s leading companies provide a strong foundation for job and population growth in the coming years.”
Built in 2018, Bell Jackson Street is comprised of 160 studio, one- and two-bedroom apartment homes. All units are equipped with keyless entries, programmable thermostats and A/C ports and stainless-steel appliances, and include quartz countertops and vinyl plank flooring throughout. Select homes have direct patio access, Juliet balconies and foyers for added privacy. Community amenities include a rooftop clubhouse with an adjacent deck, media and conference rooms, a state-of-the-art fitness center, electric vehicle stalls and bike storage. The property features views of the Seattle skyline, Puget Sound and the Cascade Range from the rooftop deck and many of the apartments. Bell Partners closely follows guidelines from local, state and federal health authorities regarding the operation and cleanliness of community amenities.

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LOS ANGELES, CA – Walker & Dunlop, Inc. announced that it completed the sale and financing for OLiVE DTLA, a 293-unit Class A multifamily property completed in 2016.
The seven-tale building is located in Downtown Los Angeles’ vibrant South Park neighborhood, one of the city’s most desirable neighborhoods, offering immediate access to entertainment centers such as L.A. Live, the Staples Center, Microsoft Theatre, and the Novo.
Walker & Dunlop’s Blake Rogers, Alexandra Caniglia, Hunter Combs, Javier Rivera, and Kevin Sheehan represented the property ownership. Justin Nelson and Allan Edelson worked alongside the sales team to arrange acquisition financing on behalf of Waterton, the buyer.
OLiVE DTLA features modern styling and best-in-class amenities, including a pool, fully equipped fitness center with Peloton bikes, rooftop sundeck, outdoor theater, grilling stations, and a fire pit. The community offers studios and one- and two-bedroom units, as well as loft-style apartments with floor-to-ceiling windows. Premium finishes include stainless steel appliances, quartz countertops, and in-unit washers and dryers.

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ANN ARBOR, MI – Trilogy Real Estate Group, a Chicago-based real estate investment, property management, and development firm, announced the acquisition of two Ann Arbor apartment communities in a portfolio transaction totaling 840 units.
“These acquisitions bolster our strategy of acquiring high quality communities in markets with healthy fundamentals,” said Trilogy Chief Investment Officer Jesse Karasik. “Ann Arbor is a right knowledge center with one of the most highly educated populations in the country. In addition to being a top ten fastest growing tech submarket, Ann Arbor consistently ranks as a ‘Best Place to Live’ among Gen Z, Millennials and retirees alike.”
The first community, The Villas at Main Street, is located next door to the University of Michigan soccer complex and is comprised of 360 one-, two-, and three-bedroom units that were well occupied upon acquisition. Built in two phases in 1997 and 2002, the Villas resident experience is complemented by its amenity package that includes an outdoor pool with sundeck, 24-hour fitness center with a Peloton spin bike, clubhouse, dog park, package lockers and an outdoor kitchen with firepit.
Trilogy also bought The Villas at Northstar, a 480-unit community located a mile from the University of Michigan North Campus. Completed in 1988 and partially renovated by prior owners, the property includes 31 two-tale buildings with one- and two-bedroom apartment homes that average 955 square feet. The community is well occupied. Residents delight in expansive community amenities that include a social lounge, clubhouse with fireplace, playground, tennis court, dog park, outdoor pool and a 24-hour fitness center with a Peloton spin bike.
Both properties are centrally located within a few miles of downtown Ann Arbor, minutes from the University of Michigan, and offer nearby access to major freeways and public transportation, providing residents with convenient access to area employment centers. Major employers located in the community’s surrounding area include, University of Michigan, Trinity Health, General Motors, Toyota and Domino’s Pizza, among others.
This is Trilogy’s 5th apartment community acquisition in Michigan.
Trilogy Real Estate Group has sponsored seven private investment funds. Since 2002, the principals of Trilogy have completed over $4 billion in transaction volume, including $670 million of acquisition and financing activity in 2020 on its current portfolio of 30 multifamily properties located in 12 states across the country.

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