GREENSBORO, NC – Bell Partners, one of the nation’s leading apartment investment and management companies, has bought Hanover Warner Center, a 395-unit apartment community in Los Angeles, California. The community, bought on behalf of the firm’s Bell Core Fund I investors, will be renamed Bell Warner Center.
Located in the San Fernando Valley, Bell Warner Center is located minutes from Route 101, connecting residents to major job centers in Woodland Park, life science industry in Thousand Oaks, and content creation industry in Burbank. Nearby Warner Center, which houses 10 million square feet of office space, is home to companies such as Intuit, Blackline and AMC Networks. Additional major employers near the community include Warner Bros., Netflix and Morgan Stanley.
In addition to abundant employment opportunities, Bell Warner Center is situated in the heart of Warner Center’s downtown, home to numerous retail outlets, restaurants and entertainment venues. The campuses of UCLA, USC, Pepperdine and other Los Angeles universities provide residents with world-class educational opportunities and storied cultural institutions.
“We are thrilled to continue our expansion on the West Coast with the acquisition of Bell Warner Center,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “The acquisition of this community reflects our focus on finding high quality properties in areas with attractive long term economic fundamentals. The choice of a desirable suburban location in the Los Angeles metro reflects our view that suburbs will continue to benefit from demographic and migration shifts that have been accelerated during the COVID pandemic.”
Built in 2020, Bell Warner Center features a range of amenities for residents such as an executive conference and meeting rooms, 24-hour fitness center and a controlled-access parking garage. The community also features an atrium with an outdoor café and fire pit.

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DALLAS, TX – Nicholas SunTx RE Partners II, in cooperation with Hughes Capital Partners, continues to expand with the acquisition of Bellevue at The Bluffs in Dallas, Texas. Nicholas Residential’s subsidiary, Bellevue Living, will oversee the daily operations of the community.
Formerly Aura Bluffview, Bellevue at The Bluffs was built in 2019 and boasts 473-units of apartment homes. The property features studio, one-, two- and three-bedroom apartment homes, plus multilevel townhomes, across 74 unique floor plot types.
Located within central Dallas, Bellevue at The Bluffs is surrounded by Inwood, Park Cities, Preston Hollow and Dallas Like Field. The community features two sparkling swimming pools, a state-of-the-art fitness facility, business center with a separate conference room, a zen oasis, and a stunning sky lounge with impressive views of Downtown Dallas and the Bachman Creek Greenbelt.
“Our investment in Bellevue at The Bluffs provides the opportunity for Nicholas SunTx RE Partners II and Bellevue Living to position ourselves as leaders in the multifamily sector in Texas,” said Paul Panza, General Partner and President of Bellevue Living. “This acquisition promotes our investment strategy to provide attainable housing to the largest metropolitan areas throughout the Sun Belt.”
In addition to Nicholas SunTx RE Partners II buy of Bellevue at The Bluffs, the company also closed on Bellevue at Avondale in Decatur, GA, continuing their growth strategy into prominent markets across the U.S.
“With the buy of Bellevue at The Bluffs and Bellevue at Avondale, Nicholas SunTx RE Partners II not only buys properties that lead the market, but also the teams that make these communities the absolute best”, added General Partner Ned Fleming.

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GRAND PRAIRIE, TX – FCP and VaultCap Partners have followed their July 2021 acquisition of Corey Place Apartments with the buy of the adjacent 100-unit Prairie Ridge Apartments. The venture plans to combine the properties under a new name, The Marabella on Pioneer, and will lease and operate the Marabella as one 375-unit community.
“Combining Corey Place with Prairie Ridge provides an opportunity for both scale efficiencies and stronger placemaking as we operate both properties under one flag,” said FCP’s Cole Kellogg. “FCP is excited to partner again with VaultCap on Prairie Ridge. We were able to go quickly, closing within 21 days of placing it under contract in an all-cash transaction.”
“The opportunity to invest a substantial amount of renovation capital into both communities will be a fantastic benefit for both the residents and the neighborhood alike,” said VaultCap’s Ryan Heddleston.
Prairie Ridge Apartments are located at 313 Freetown Road in Grand Prairie and feature one, two and three-bedroom apartments with convenient access to 161, 360, I-20 and I-30 and an abundance of job centers, amenities and entertainment venues in nearby Fort Worth and Dallas.
FCP and VaultCap extend their appreciation to Wes Racht, Nick Fluellen, and Bard Hoover from Marcus & Millichap, who represented the seller in the transaction.

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