Bell Partners Announce Sale of Twenty-Three Apartment Communities Across The United States for in Excess of $1.8 Billion

GREENSBORO, NC – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced that it has sold 23 apartment communities for over $1.8 billion. The assets, located across the United States, were a part of multiple investment vehicles managed by the Company.
“We are thrilled to deliver exceptional results to our investors,” said Lili Dunn, President of Bell Partners. “Our extensive platform and innovative approach have enabled us to outperform consistently over multiple decades. We value the relationships with our investors and are grateful for their trust and support.”
In addition to the recent dispositions, Bell Partners has been actively investing capital on behalf of Bell Value-Add Fund VII and Bell Core Fund I in high-quality apartment communities located throughout the Company’s target markets, including recently bought assets in Seattle, San Francisco, Los Angeles, Dallas, Austin, Ft. Lauderdale, Atlanta, Charlotte, Raleigh, Washington, D.C., and Boston. The company has completed approximately $4.3 billion of acquisitions and dispositions so far in 2021.
“Despite the economic disruption caused by Covid, the performance of our portfolio has remained resilient,” said Jon Bell, CEO of Bell Partners. “We have experienced some of the strongest market fundamentals in the 45-year history of the company. We remain optimistic about the long-term demographic and lifestyle trends for the U.S. multifamily rental sector, and we will continue to be a judicious acquirer and opportunistic seller of apartment communities throughout the country.”

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Catalyst Equity Partners Continues to Grow Houston Portfolio With Acquisition of The Landings at Steeplechase in Northwest Suburb

HOUSTON, TX – The Landings at Steeplechase is a 290-unit garden-style apartment community located in northwest Houston adjacent to Jersey Village, a highly desirable residential suburb of Houston.
Its ideal location is less than a mile east of U.S. Highway 290, 2.7 miles from Beltway 8/Sam Houston Tollway, 6.6 miles from Highway 249, 9.4 miles from the I-10/Katy Freeway, and 11.2 miles from Interstate 610 providing residents simple access to the largest employers in the area, as well as small commutes to the largest employment districts in the city. Residents are zoned to schools within the Cypress Fairbanks ISD, which was named #2 Best School District in Harris County according to Niche.com.
Catalyst s Managing Partner, Prashant Satoskar stated, Approximately 33% of the units have already been upgraded. We plot to invest $2.5M+ in improvements to reposition the property to the best ‘Class B’ asset in the market while delivering an exceptional resident experience. Our goal is not only to improve the aesthetics of our properties but to make a thriving community for our residents to delight in.
Catalyst Equity specializes in acquiring properties that require a capital injection to improve the property and making it a place for residents to call home.

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Venterra Realty Breaks Ground on 336-Unit Luxury Apartment Community Development in Houston Submarket of Cypress, Texas

HOUSTON, TX – Venterra Realty recently celebrated the groundbreaking of its multi-family development project in Cypress, Texas.
When fully built out, the site will host a 336-unit community complete with an 8,600 square foot clubhouse, resort-style pool, outdoor lounge, fitness center, package lockers, “WeWork” style workspaces and more, with the first units to be delivered in Q3 of 2022. About 25 miles northwest of downtown Houston, the location of this development offers a vibrant economy, highly rated schools, and proximate access to highways and shopping.
The site is conveniently located near the Grand Parkway and the recently expanded US 290, providing simple access to seven of Houston’s major employment centers including The Woodlands, Energy Corridor, Memorial City, Westchase, Uptown/Galleria, Downtown Houston and the 290/Beltway 8 Industrial area all within a 45-minute drive.
“This strategic development expands Venterra’s footprint in the Houston metroplex, a market where our portfolio has seen proven success. Once delivered, this community will earn an accretive return for our investors and will provide the residents of Cypress with a first-class living experience,” said John Foresi, CEO of Venterra Realty. “With this development, we look forward to welcoming residents to a modern, technologically advanced living community with convenient access to Houston’s abundant dining, shopping and entertainment options,” added Venterra Chairman, Andrew Stewart.
From site selection to completion, Venterra has enlisted industry-leading partners to ensure a first-class level of execution. Finalizing the site acquisition, Venterra worked with Clay Roper from Caldwell Companies who represented Venterra on the land transaction and Nick Welch and Kyle Shaw from Regions Bank for construction financing. The architect for the development is Meeks + Partners. Domain Builders was chosen as the general contractor.
“Partnering with this team of exceptionally experienced companies is part of Venterra’s broader strategy to be a leader in the development of well located, exceptional multi-family housing,” said Neil Simon, Venterra Vice President of Development.

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