Bell Partners Expands South Florida Portfolio With Acquisition of 279-Unit Satori Apartment Community in Fort Lauderdale, Florida

FORT LAUDERDALE, FL – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, has bought Satori Apartments, a 279-unit apartment community located in Fort Lauderdale, Fla. The property, bought on behalf of the firm’s Fund VII investors, will be renamed Bell Sunrise.
Built in 2010, Bell Sunrise is located within two miles of the Atlantic Ocean and offers residents convenient access to work and leisure. The employment corridor connecting downtown Fort Lauderdale, Cypress Creek, Sunrise, Plantation, Hollywood, Miramar and Boca Raton supports over 46,000 jobs at major employers including American Express, Motorola Solutions and Fox Sports. For time outside of work, Bell Sunrise is situated across the street from Holiday Park, which has tennis and basketball courts, a dog park, pickleball courts, a playground and a recreation center. The community is also close to a cluster of local boutiques, restaurants, fine arts, recreation and entertainment options in Downtown Fort Lauderdale and Flagler Village.
“Bell Sunrise deepens our portfolio in the South Florida market, which has been a major beneficiary of the job and population migration trends that have accelerated in the past 12 months,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “Favorable housing demand drivers in the area, coupled with an opportunity to enhance the physical features of the community, make this investment an attractive fit for our value-add Fund. Our team plans to perform common area and unit interior upgrades to enhance resident experience with features that enable flexible and remote work.”
Bell Sunrise’s community amenities include a clubhouse with a gathering area and kitchen, 24/7 fitness center and aerobics room, two steam rooms and dry saunas, an infinity edge pool with private cabanas, a meditation garden, spa and treatment rooms, onsite retail and dining, a dog park and a business center. Each unit has walk-in closets; master bathrooms with double sinks, large soaker tubs, and walk-in showers; oversized bedrooms; expansive living areas with additional office space; as well as large private balconies. Bell Partners closely follows guidelines from local, state and federal health authorities regarding the operation and cleanliness of community amenities.

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Wood Partners Announces Grand Opening of 203-Unit Alta Upland Luxury Residential Community in Southern California Market

UPLAND, CA – Wood Partners, a national leader in multi-family real estate development, announced the grand opening of its newest luxury residential community – Alta Upland – in Upland, California.
Alta Upland features best-in-class amenities and finishes that will provide a class A living experience, setting the community apart in the high-demand market. The community’s 203 units include a mix of one-, two- and three-bedroom floor plans with open-concept designs. The apartment homes feature two color schemes to choose from, modern kitchen cabinetry and backsplashes, stainless steel appliances, in-home washer and dryers, and expansive closets.
The community offers residents a range of amenities to maximize southern California’s indoor/outdoor lifestyle. Outside amenities include a resort-style pool and spa, an outdoor lounge with a fire pit and a BBQ, an outdoor game zone, a dog park, and walking and hiking trails that surround the property. Indoor amenities include an expansive clubhouse with lounge seating and entertainment areas, a fitness and yoga studio, and a business center.
“Upland and the greater Inland Empire have been experiencing continuous growth over the past several years, and we are excited to be a part of that expansion,” said Joe Gambill, Managing Director for Wood Partners in Southern California.
Located at 1160 East 19th Street, Alta Upland will provide unobstructed mountain and valley views, and brilliant walkability to retail, shopping, dining, open spaces and trails. The community is adjacent to The Colonies Crossroads, a well loved retail development featuring a range of retail and dining destinations.
The community offers simple access to well loved outdoor recreation opportunities; Upland Trails and the Valley View Trailhead are located directly behind the property and Claremont Hills Wilderness Park is a 15-minute drive. The Marshall Canyon Golf Course and the California Botanic Garden are also nearby.
Alta Upland will also offer residents a small commute to numerous high-caliber career opportunities, as the Inland Empire has been experiencing substantial growth in the industrial, logistics, and medical industries. The Upland submarket also offers desirable schools and the Metrolink, which provides connectivity to the greater Los Angeles area.

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Balfour Beatty Campus Solutions to Develop Mixed-Use Student Housing Project in Public-Private Partnership for Vanderbilt University

MALVERN, PA -Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, in conjunction with Axium Infrastructure, announced they have reached financial close on a mixed-use student housing project for Vanderbilt University. The 616-bed development, delivered via public-private partnership (P3), will advance the University s mission to provide modern, affordable housing proximate to the campus core for graduate and professional students, with co-curricular spaces to help them build community and foster interdisciplinary connections.
The new residential facility, set to break ground this spring and open in August 2023, will be located on Broadway between Lyle and 20th avenues, putting campus and other major points within the Midtown area within simple walking distance.
We re pleased to launch the graduate and professional housing development project. We believe the construction of this building will continue to advance our goal of recruiting and retaining exceptional graduate students who will go on to become leaders in their fields, said Mike Perez, associate vice chancellor and chief facilities officer.
The development will feature apartment-style units in a mix of studio, one- and two-bedroom floor plans. The furnished apartments will be fully ‘turnkey with in-unit kitchens and laundry washer/dryer. Utilities will be included.
The development also features a unique ‘Co-Lab collaboration space spanning more than 13,000 square feet and offering graduate and professional students a dedicated area for academic and entrepreneurial endeavors with additional group and private study spaces throughout the building. Other amenities include a fitness center, public courtyard and 25,000 square feet of retail space serving the broader Vanderbilt and Nashville communities.
The construction contractor for the project is JE Dunn Construction‘s Nashville office, and the lead architect is Chicago-based Valerio Dewalt Train. The community will be managed and operated by Balfour Beatty Communities upon completion.
We are thrilled to help deliver premier housing to the graduate and professional students at Vanderbilt University, said Bob Shepko, president of Balfour Beatty Campus Solutions. Providing an updated housing option with modern amenities and located in a vibrant neighborhood convenient to campus will further the university s goal to recruit the best graduate and professional students and provide them with an exceptional experience.
Since its inception in 2012, Balfour Beatty Campus Solutions has developed more than $1.3 billion in student housing assets for colleges and universities across the United States which include the University of Iowa, Purdue University and the University of North Carolina Wilmington. The company leverages its significant experience in public-private partnerships to deliver world-class housing options to its university clients while allowing them to maintain the financial flexibility needed to invest in future academic infrastructure.

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