ATLANTA, GA – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, has bought Avery at Northwinds, an 800-unit apartment community in Alpharetta, Georgia, a suburb of Atlanta. The property, renamed to Bell Alpharetta, was bought on behalf of the firm’s Bell Value-Add Fund VII investors. The acquisition marks the 11th property owned or managed by Bell Partners in metro Atlanta.
Bell Alpharetta offers residents a premier suburban location with access to several employment and entertainment options. Alpharetta is home to more than 700 technology companies, with firms such as Apple, Salesforce and GE bringing more than 75,000 jobs to the area. Just 20 miles north of Atlanta, the property’s proximity to Highway 400 and US-19 further connects residents to major employment hubs.
The community is situated on Alpharetta’s Alpha Loop, a multi-use path providing residents convenient access to downtown Alpharetta and the surrounding area. Bell Alpharetta is adjacent to the west part of the three-mile inner loop, which features a greenway and recreation areas. The Alpha Loop also connects residents to several entertainment destinations, including Avalon, a mixed-use development offering several shopping and dining options as well as a premium movie theater, conference center and hotel.
“Bell Alpharetta is an exciting addition to the Bell Value-Add Fund VII portfolio. The community is located in one of the most desirable areas of Atlanta with fantastic schools, attractive lifestyle amenities, and convenient access to a growing set of employers,” said Nickolay Bochilio, EVP of Investments at Bell Partners. “Bell plans to perform upgrades to the property’s common areas and apartment interiors to improve the living experience for current and future residents.”
Built in 1998, the community features a mix of one-, two- and three-bedroom units with amenities including a pool, gym and community room.

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CHARLOTTE, NC – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 377-unit Blu at Northline Apartments in Charlotte, North Carolina. This represents HZ’s first acquisition in North Carolina.
The community, built in 2018, is just northeast of Downtown Charlotte, which has become a headquarters hub for several Fortune 500 companies including Bank of America, Lowe’s, and Honeywell.
“Blu at Northline presented us a fantastic opportunity to buy a Class A asset in Charlotte, North Carolina,” said David Nelson, Hamilton Zanze’s chief transactions officer. “The property features a robust amenity package, a prime location in the University City submarket along the Lynx Blue Line and offers residents the quality of life provided by the city’s energetic urban core. As this is our first acquisition in North Carolina, we’re very excited to enter the Charlotte market and look forward to continued growth in the region.”
Blu at Northline was 95% occupied at buy. The community is located at 2508 April Liu Lane in the desirable UNC Charlotte submarket, approximately 15 minutes from Downtown Charlotte. The 377 units average 978 square feet with 12 different floor plans. Community amenities include a fitness center, yoga and spin studio, saltwater pool. Unit amenities include granite countertops, stainless steel appliances, walk-in closets, and washers and dryers in each unit.
HZ’s capital improvements will include site improvements, building repairs, amenity improvements, and mechanical, electrical, and plumbing improvements. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.
The Kirkland Company’s North Carolina team, led by Dennis Harris, Matt Behr, and Austin Haney, arranged the sale. “We have been fortunate to work closely with Hamilton Zanze for years in Tennessee and various other states. Their reputation and track record speaks for itself, and our team is excited to see them enter the North Carolina market with this acquisition,” Harris said.

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AUGUSTA, GA – Carter Funds, a fully-integrated real estate investment firm, announced the sale of a garden-style multifamily property, Ten35 Alexander located at 1035 Alexander Dr. in Augusta, Georgia. The 200-unit apartment community built in 2001 was bought by Carter Multifamily, a Carter Funds company, on July 19, 2019, for $21.6 million and sold on August 30, 2021, for $36 million.
During the approximate two-year hold period, Carter Funds completed substantial exterior and interior unit renovations, decreased unit vacancies, and increased average monthly rents on occupied units. Exterior renovations included enhancements to common areas and added outdoor amenities, including a pet park, recreational area, and upgrades to the pool deck. As a result of these renovations, operational improvements, and solid market performance, Carter Funds was able to re-position the asset as a beneficial value-add opportunity in a high-growth submarket of Georgia.
“Augusta is a highly desirable multifamily market supported by strong rental demand, growing household formations, and stable apartment occupancy that has hovered in the mid-90s since 2014. These solid market fundamentals paired with Ten 35 Alexander’s attractive curb appeal with desirable amenities and strong value-add performance led to a successful sale and the results we aim to achieve for our investors,” said Ray Hutchinson, chief investment officer of Carter Funds.

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