BOSTON, MA – Bell Partners, one of the nation’s leading apartment investment and management companies, announced that it has bought Hanover Westford Valley and Hanover Westford Hills, two adjacent apartment communities located in Westford, Mass., on behalf of the firm’s Fund VII investors. The two properties will be merged to form Bell Westford, which will be the 5th community Bell Partners owns in the greater Boston area.
Bell Westford is located along the bustling I-495 corridor, home to a wide range of technology and healthcare employers including IBM, Abbott Laboratories and NetScout, as well as retail amenities at The Point Shopping Center and Cornerstone Square. For those working in Boston, the nearby Littleton/Route 495 commuter rail station provides direct access to North Station via the Fitchburg Line. The community is also close to well loved family-friendly attractions including Nashoba Valley Ski Area, The Butterfly Place, the Main Street Windmill and Kimball Farm.
“Residents at Bell Westford have convenient access to Boston’s employment while enjoying the high-quality suburban lifestyle with access to some of the best public schools in Massachusetts,” said Nickolay Bochilo, Executive Vice President of Investments at Bell Partners. “Our investment in two adjacent properties and combining operations post-closing reflects a targeted approach to making value for the residents and investors through operating synergies, while benefiting from demographic shifts towards suburban living in a high-quality market like Boston.”
Bell Westford includes a mix of 408 apartments and 12 townhomes. Each apartment has stainless steel appliances, tile backsplashes, custom cabinets, spacious quartz islands, pendant lighting, full-size washers and dryers and private balconies. Community amenities include two resort-style pools, outdoor lounge areas with gas firepits, an on-site walking trail, a dog park, a pet spa, a fitness center with a Peloton, a resident clubhouse, a private media room with theater-style seating, a conference room and private workstations. Bell Partners closely follows guidelines from local, state and federal health authorities regarding the operation and cleanliness of community amenities.

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AVON, IN – JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has bought Satori Flats, a newly-constructed apartment community located in the Indianapolis suburb of Avon, Indiana.
The Class A residential community was built in 2019 and features 269 luxury apartments.
“We are thrilled to add Satori Flats to our portfolio of luxury apartments in suburban Indianapolis,” said Jay Madary, president and chief executive officer of JVM Realty Corp. “Satori Flats’ highly desirable location in the growing suburban town of Avon—just five miles from downtown Indianapolis and ten minutes from Indianapolis International Airport—provides residents with luxurious living in a fully-amenitized residence.”
Satori Flats will be managed by JVM Management Inc. and is the third JVM Realty Corp. owned and managed property in the area. The company’s total portfolio consists of 18 communities in four states totaling 4,909 units.

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SEATTLE, WA – A partnership between Security Properties and an affiliate of Rockwood Capital closed on a three-property portfolio acquisition, the companies announced. The acquisition consists of The Ardea, a 323-unit Class-A multifamily high-rise located in Portland, OR; Windward, a 200-unit Class-A+ mixed-use project in Lake Oswego, OR; and The Metro, a 415-unit Class-A- asset in Denver, CO.
According to Davis Vaughn, Senior Director at Security Properties, “This is one of the most exciting acquisitions in our company’s 50+ year history. Off-market acquisitions of this scale are extremely rare, especially considering the quality of the portfolio. We feel we are buying the premier suburban asset in the entire Portland MSA in Windward, a trophy high rise in Ardea at a basis significantly below replacement cost, and a well-located urban asset in Metro, poised to capitalize on Denver’s continued growth. By adding these flagship assets to our portfolio, we look forward to continuing to grow the SP footprint across the West Coast.”
“Consistent with our over-arching investment thesis regarding the value of a property’s setting, each asset occupies a strategic location within its market, offering its tenants access to outdoor amenities, retail options, and proximity to employment centers,” said Matthew Friedman, a Managing Director of Rockwood Capital. “Beyond their compelling settings, Windward and Ardea are exceptionally high-quality assets while Metro offers a solid value-add opportunity in the dynamic Denver market. Overall, we are extremely excited to be acquiring such a high-quality portfolio of assets in our target markets.”
The Ardea is a 323-unit high-rise apartment community located in the South Waterfront neighborhood of Portland, OR.The neighborhood is a newly developed area situated along the west bank of the Willamette River, just 10 minutes south of Portland’s Central Business District and anchored by the city’s largest employer, Oregon Health and Science University.
The Windward is a 200-unit, three-building, 2018-built community in Lake Oswego, OR, with 14,166 square feet of ground-floor retail. The location is at the heart of downtown Lake Oswego, the zip code with the highest median income in the state of Oregon.
The Metro is a 415-unit apartment community located in Denver, CO. The Metro is located in the Ball Park neighborhood, which provides residents with convenient access to the downtown core and proximate neighborhoods, and within walking distance of Union Station, the central hub of Denver’s regional transit system.
The properties will be managed by Security Properties-affiliate Security Properties Residential.

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