CHARLOTTE, NC – Bell Partners, one of the nation’s leading apartment investment and management companies, has bought Riverbend Apartments, a 266-unit apartment community located in Charlotte, N.C. The property, bought on behalf of the firm’s Fund VII investors, will be renamed Bell Riverbend Village and marks the 80th community managed by Bell Partners in its home state of North Carolina.
Bell Riverbend Village’s location offers residents a balance of connectivity, walkability and proximity to employment and entertainment centers. The community is embedded within Charlotte’s Riverbend Village, a mixed-use development featuring 185,000 square feet of retail space and 370,000 square feet of office space. The development also houses major employers in the area including Corning Optical Communications’ headquarters and Novant Health’s plotted 250,000 square foot medical campus that will feature a full-service hospital and several medical office buildings.
Bell Riverbend Village is adjacent to convenient transportation options including Highway 16/Brookshire Blvd. and I-485, providing access to Uptown Charlotte, Southwest Charlotte and University City. Recreational highlights near Bell Riverbend Village include Mountain Island Lake, Pine Island Country Club and the U.S. National Whitewater Center.
“Our buy of Bell Riverbend Village represents a continuation of our strategy to seek investment opportunities in growth markets and high growth locations. The Bell operating platform will also seek to enhance the living experience of current and future residents, which will build upon the work done by the original developer,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “With Bell Partners’ long history in North Carolina, we have a deep understanding of the state’s economic fundamentals, and this new addition to our portfolio reflects our conviction that this market will continue to experience outsized growth.”
Built in 2020, Bell Riverbend Village features modern amenities and new-construction finishes. Community amenities include a summerhouse with a fireplace and dining area, a resort-style pool, a dog park and pet washing stations, an endless rock-climbing wall, fully equipped fitness center and electronic car charging stations.

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FORT LAUDERDALE, FL – BLD Group has broken ground on Sunnyside Apartments and V2 Apartments, two garden-style apartment communities located in Panama City Beach and Fort Myers, Florida, respectively.
Sunnyside Apartments will include 220 apartment homes located on Panama City Beach Highway. The community will feature one-, two- and three-bedroom homes.
The amenities of the project will include a resort-inspired swimming pool, clubhouse, barbecue area, game room, resident market, dog park, and private work booths. The community will also comprise a club-quality fitness studio with yoga/Pilates studio.
The interiors of the apartment will include stainless steel appliances, granite countertops, wood vinyl flooring throughout living areas, tile backsplashes, full-size washers and dryers, walk-in closets, tile shower surrounds and linen closets.
The community will also have simple access to Pier Park, downtown Panama City and is approximately a 5-minute walk to the beach.
The project is expected to welcome first go-ins in fall 2022.
V2 Apartments will include 308 apartment homes located on Winkler Avenue. The community will feature one-, two- and three-bedroom homes.
The amenities of the project will include a resort-inspired swimming pool, clubhouse, barbecue area, game room, resident market, dog park, and private work booths. The community will also comprise a club-quality fitness studio with yoga/Pilates studio.
The interiors of the apartment will include stainless steel appliances, granite countertops, wood vinyl flooring throughout living areas, tile backsplashes, full-size washers and dryers, walk-in closets, tile shower surrounds and linen closets.
The community will have simple access to downtown Fort Myers and I-75. The project is expected to welcome first go-ins in winter 2022.

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RICHMOND, VA – Capital Square, a leading sponsor of tax-advantaged real estate investments, and its construction partners have broken ground on Scott’s Collection III, a 72-unit, luxury multifamily development in the Scott’s Addition qualified opportunity zone in Richmond, Virginia.
“Scott’s Addition has become the most well loved evening venue in Richmond,” said Louis Rogers, founder and chief executive officer of Capital Square. “With luxury apartments now under construction, Scott’s Addition soon will become one of the most desirable places to live. You don’t have to go, you can have it all – live, work and play, right here in Richmond, Virginia.”
Located at 3001 W. Leigh St., Scott’s Collection III is a ground-up development that will include a five-tale, luxury multifamily community with 72 units, private unit balconies and a lobby area. Situated on 0.5 acres of land, Scott’s Collection III will feature a 3,000-square-foot elevated courtyard, 2,500 square feet of ground-floor space and 61 onsite parking spaces.
“This groundbreaking represents the culmination of three years of work, fundraising, educating our investor base on opportunity zones, and countless hours of plotting, design, project management, sourcing debt and contracting,” said Adam Stifel, executive vice president of development. “We set out with a vision to provide a best-in-class boutique apartment product across three buildings, which will each benefit from the combined amenities package. Each of the buildings have different offerings, and different personalities. We are very excited that with this groundbreaking the entire collection is out of the ground and the culmination of our efforts is in sight.”
Scott’s Collection III is the third in a trio of developments that will make up “Scott’s Collection” in Scott’s Addition. The development of Scott’s Collection III is the direct result of CSRA Opportunity Zone Fund III, LLC, a project-specific opportunity zone fund launched by Capital Square in December 2019.
Assisting in the development of Scott’s Collection III are 510 Architects, the architecture firm; Urbancore Construction, the general contractor; Fulton Bank, which provided the construction loan financing; and Greystar, the property manager.
Established in 1901, Scott’s Addition is a historic area that is now the City of Richmond’s fastest growing neighborhood and the second-highest performing market with 95.5% occupancy as of March 2021, according to Yardi Matrix. Scott’s Addition is a designated opportunity zone with a census tract that stretches across Virginia Commonwealth University and the Carver neighborhood. Yardi Matrix also reports that apartment rental rates in the neighborhood are projected to increase 3% to 4% per year for three years.
Opportunity zones were made to stimulate long-term private investments in low-income urban and rural communities nationwide. Conceived as part of the Tax Cuts and Jobs Act of 2017, opportunity zone funds are intended to help foster economic growth by providing tax benefits to incentivize private investments in designated opportunity zones.

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