ALEXANDRIA, VA – Bell Partners, one of the nation’s leading apartment investment and management companies, announced it has bought The Thornton, a 439-unit apartment community located in Alexandria, VA. The community was bought on behalf of the Company’s Value Add Fund VIII investors and will be renamed Bell Ancient Town.
“Bell Ancient Town is our second acquisition for Value-Add Fund VIII and is another example of our ability to leverage a broad presence in our target markets to buy a well-located, quality asset with careful underwriting and a disciplined approach to risk management,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “The property provides a unique opportunity to make value and generate attractive returns to our investors by offering modern apartment floorplans with state-of-the-art amenities in a location within walking distance of the attractions of Ancient Town Alexandria.”
Completed in 2018, Bell Ancient Town offers studio-, one-, two-, and two-plus-den-bedroom floorplans. Amenities include a dog grooming spa, 24-hour fitness center, clubroom, game room and courtyard with a bocce court, fireplace, and grilling area. The property is located within walking distance of King Street, the commercial heart of historic Ancient Town Alexandria, known for its restaurants, shops, and galleries. The community has simple access to I-95 and Reagan National Airport, is situated one block from the Potomac River, and fronts the Mount Vernon bike trail.
With this acquisition, Bell Partners now owns and/or manages 22 apartment communities containing over 7,300 apartment homes in the DC-Maryland-Virginia region.

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ROCKLEDGE, FL – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of The Junction at Rockledge, a 380-unit Class A multifamily community in Rockledge. Thompson Thrift expects to start construction later this month and will welcome new residents early in 2025.
“The metro area surrounding Rockledge has added 45,000 jobs in recent years,” said Josh Purvis, managing partner for Thompson Thrift Residential. “Couple that with a shortfall of more than 2,800 apartment homes in the region, and we believe that The Junction at Rockledge will be a welcome addition for those looking for a superior living experience in a very compelling market.”
Located near the corner of major thoroughfares I-95 and Fiske Boulevard, The Junction at Rockledge will span 25 acres and offer one-, two- and three-bedroom apartment homes with up to 1,500 square feet in two-tale buildings. The apartment homes will feature high-end finishes and amenities that Thompson Thrift communities are known for, including hardwood-style flooring, patio and balcony options, private yard options, detached garages and a full-size washer and dryer. Select homes will also feature stainless steel appliances, deluxe closet systems with shelving and smart thermostats to help residents delight in energy savings.
Community amenities will include a fully equipped fitness center with 24-hour access, a resort-style swimming pool, an outdoor entertainment kitchen, thoughtfully designed courtyards with grills, a dog run and pet spa, pickleball courts, a Starbucks coffee bar, a 24-hour social hub and a convenient as well as a user-friendly app that supports payments, service requests and much more.
Additionally, The Junction at Rockledge is adjacent to a 30-acre lake and will feature beachfront amenities including a fire pit, seat walls, sand and lounge chairs.
The development sits on the northern outskirts of Viera, one of the most well loved selling master-plotted communities in the U.S. and in the heart of the Space Coast, an area surrounded by thousands of major aerospace and technology employers, including Lockheed Martin, SpaceX and NASA.
Residents will also delight in simple access to Avenue at Viera, a 62-acre outdoor lifestyle center that includes a mix of national and local retail and dining options, as well as the USSSA Space Coast Complex, the world’s largest multi-sport athletic organization with a campus spanning 85 acres with 15-turf field complexes.
The Space Coast is rapidly becoming one of Florida’s premier markets. Last year, U.S. News & World Report ranked the region as the third-best place to live in Florida and the 12th fastest-growing area in the United States. Additionally, the Milken Institute reported that the Space Coast witnessed the third-best wage growth nationally in 2021.
With the development of The Junction at Rockledge, Thompson Thrift continues to expand its footprint across Florida. The property will be Thompson Thrift’s 14th residential community in the state.

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DENVER, CO – MG Properties, a leading real estate investment and management company, has completed the acquisition of Bear Valley Park Apartments, a premier garden-style community located in Denver, Colorado for a total buy price of $76 million. The closing marks MGP’s third multifamily acquisition of 2023 in the Denver area.
Situated in Southwest Denver on the border of Lakewood, the well-established residential community offers residents a high-quality suburban living experience with convenient access to employment centers throughout the metro area, including the Southeast Business Corridor and Downtown Denver, both within a 25-minute drive. Bear Valley Park boasts a desirable range of modern amenities and large renovated floorplans and is within walking distance to a variety of retailers, eateries, and outdoor recreation.
“This investment reflects our confidence in Denver’s economic growth potential and allows us to further leverage the efficiency of our regional operations there,” said Jeff Gleiberman, President of MG Properties. “As a stabilized property in a high-quality submarket, Bear Valley Park is an brilliant fit for our long-term investment strategy.”
The seller, Jackson Square Properties, was represented by Jordan Robbins and Alex Possick with JLL Capital Markets. Financing for the transaction was provided by Fannie Mae and arranged by Charles Halladay, Rick Salinas, Brandon Smith, and Annie Rice with JLL Capital Markets.

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