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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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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CHATTANOOGA, TN – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 190-unit 5 Points Northshore Apartments in Chattanooga, Tennessee. The Kirkland Company represented the seller on this transaction. This represents HZ’s eighth acquisition in Tennessee.
The property, built in 2019, is located just north of Downtown Chattanooga, which is situated at the bend in the Tennessee River at the Juncture of Tennessee, Georgia, and Alabama.
“5 Points Northshore presented a fantastic opportunity to buy a Class A asset in Chattanooga, Tennessee” said David Nelson, Hamilton Zanze’s chief transactions officer. “The property features a top-of-the-line amenity package, a prime location within walking distance to many attractions, and offers residents the quality of life provided by the city’s energetic core. As this is our second acquisition in Chattanooga, we’re very excited to continue to watch the region’s growth.”
The community is located at 328 Cherokee Blvd in the desirable North Chattanooga submarket, approximately 5-minute drive or 2.5 miles from Downtown Chattanooga. The 190 residential units average 826 square feet with 37 different floor plans. Community amenities include an outdoor lounge and kitchen, resort-style pool, pet spa and park and a clubroom with billiards tables and TVs. Unit amenities include gourmet kitchens, in-unit washers and dryers, private balconies and patios, walk-in closets, and tile bathrooms.
HZ’s capital improvements will include site improvements, building repairs, amenity enhancements, and mechanical, electrical, and plumbing updates. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

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