GREENSBORO, NC – Bell Partners, one of the nation’s leading apartment investment and management companies, has bought CityLine Park, a newly developed 435-unit apartment community located in the Dallas suburb of Richardson, Texas. The property, bought on behalf of the firm’s Fund VII investors, will be renamed Bell CityLine and marks the 23rd community owned or managed by Bell Partners in Texas.
Located in the CityLine mixed-use development, Bell CityLine is located near major Dallas-area employers including State Farm and Raytheon, as well as in close proximity to ample dining, retail and recreation options. Bell CityLine is situated near the intersection of U.S. Route 75 and the President George Bush Tollway, connecting residents to all points of the Dallas-Fort Worth Metroplex, including the Dallas Urban Core. The community is within walking distance to the CityLine Bush DART Station, offering residents direct access to destinations such as DFW International Airport and Downtown Dallas.
Richardson has attracted several technology and telecommunications businesses to the area, establishing the “Telecom Corridor” along which Bell CityLine is located. The city has rezoned nearly 1,200 acres to attract additional technology firms to the area, making new job opportunities and continued demand for housing.
Bell Partners’ acquisition of Bell CityLine reflects the firm’s ongoing expansion in targeted growth markets. Including Bell CityLine, Bell Partners owns or manages 44 properties across its central and western markets, including Dallas, Austin, Nashville, Denver, Seattle, Los Angeles and the Bay Area.
“The acquisition of Bell CityLine reflects our conviction in the favorable economic and rental housing market fundamentals in Dallas, and expectation of relatively stable performance of this investment given its high quality location and product,” says Nickolay Bochilo, EVP of Investments at Bell Partners.
The property, built in 2019, has an array of modern amenities including a clubhouse with a coffee bar, a fitness studio and a resort style swimming pool with a tanning ledge.

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JACKSONVILLE, FL – Sentinel Real Estate Corporation announced the acquisition of Bainbridge Town Center East, a 276-unit multifamily property in Jacksonville, Florida. Completed just last year, the property offers luxury multifamily living in the highly sought-after Southside submarket, which provides direct access to beaches and Downtown Jacksonville. As part of the acquisition, Sentinel will rebrand the property to Drift at Town Center East.
We recognized the opportunity to buy a newly built, stabilized multifamily property in a high-growth market that is supported by brilliant long-term fundamentals, said Michael Streicker, President of Sentinel. Drift at Town Center East is located in a highly desirable but severely supply-constrained market, with only one other multifamily community expected to be delivered within three miles of the property over the next two years. This, combined with its optimal location and attractive amenities, presents qualities that we believe will continue to make the property a desirable option for area residents.
Drift at Town Center East is located in the heart of Southside, which is one of Jacksonville s more affluent submarkets and features a high-quality school system. The property provides ease of access to employment centers such as the 18 million-square-foot Deerwood Office Park, which hosts more than 200,000 workers and major tenants including Bank of America, Johnson & Johnson, Florida Blue and JPMorgan Chase. One mile away is St. Johns Town Center, a 2.5 million-square-foot open-air shopping center with more than 175 stores and a variety of restaurants and entertainment venues.
Apartments at Drift at Town Center East range from one to three bedrooms and feature wood-style flooring in kitchens and living rooms; modern kitchens with designer white cabinetry, ceramic tile backsplashes, quartz countertops and stainless steel appliances; washers and dryers; walk-in closets; private balconies or patios; and touchscreen smart thermostats. Community amenities include a saltwater pool with sundeck and cabanas; a poolside lounge area with a dining pavilion, grills and a fire pit; a hammock grove; a 24-hour fitness center; a yoga studio and private training room; a community lounge with a cyber café; a game room with shuffleboard and billiards; an outdoor clubroom with a fireplace and pool views; a dog park; an exercise trail; and a lakeside overlook with grills and a seating area.
Over its 51-year history, Sentinel has bought a national portfolio of multifamily real estate on behalf of domestic and international institutions. The firm will continue to leverage its market expertise and deep industry relationships to identify attractive investment opportunities throughout the region.

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GRAND PRAIRIE, TX – FCP and VaultCap Partners have bought Corey Place Apartments, a 275-unit garden apartment community in Grand Prairie, TX. The transaction marks the first joint venture for FCP and VaultCap.
“FCP is excited to partner with Mark and Ryan and the VaultCap team on Corey Place, our first investment in Grand Prairie and an asset with fantastic potential for value creation,” said FCP’s Cole Kellogg. The venture intends to make significant capital improvements to the property, including the addition of an amenity package to include a pool, splash pad, turf soccer field and outdoor kitchen as well as common area renovations and sustainability improvements.
“VaultCap is looking forward to partnering with FCP and executing a business plot that will improve the quality of life for the residents at Corey Place” said VaultCap’s Mark Christ.
Located at 602 West Pioneer Parkway in Grand Prairie, Corey Place offers residents 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 Northmarq, who represented the seller and helped sourced debt and equity for the transaction.
FCP is a privately held real estate investment company that has invested in or financed more than $8.6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties.

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