JACKSON, MS – Carter Multifamily announced its acquisition of The Gables, a 168-unit apartment community, for approximately $26.6 million.
Located just north of downtown Jackson, Mississippi, The Gables is situated approximately two miles off Interstate 55 in the upscale suburb of Ridgeland. Consistently ranked as a top suburb in Mississippi, Ridgeland is highly sought-after due to its proximity to quality schools, employment opportunities, a diverse array of retail shops and endless entertainment options.
The Gables features spacious one-, two- and three-bedroom floorplan options with an abundance of community amenities, including a resort-style pool and spa, gated entry, detached garages, outdoor grilling areas, a fitness center, and an on-site laundry facility.
“Ridgeland is a quality multifamily submarket with solid demographics and encouraging economic fundamentals. A projected household growth of more than double the national estimates, along with a household income expected to rise by 3.4% through 2025, points to the area’s attractiveness and growth characteristics,” said Ray Hutchinson, chief investment officer of Carter Multifamily. “We like the strong historical rental performance of this market, which has fared well during the pandemic, and are thrilled to introduce our upgrade program and enhanced service experience to the residents of The Gables.”
Carter Multifamily intends to do a substantive value-add strategy by enhancing the amenity package, completing interior and exterior upgrades, and by implementing institutionally based property management best practices.

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SEATTLE, WA – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced that it has bought Modera Jackson, a 160-unit apartment community located in Seattle, Wash. The property, bought on behalf of the firm’s Fund VII investors, will be renamed Bell Jackson Street. The seller is Boca Raton, Florida-based Mill Creek Residential. Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), served as broker on the transaction.
Bell Jackson Street is located in the heart of Seattle’s historic Central District, giving residents access to a vibrant residential neighborhood and community. The city of Seattle is the largest employment center in the Pacific Northwest with over 328,000 jobs in the downtown core. Fortune 500 companies with headquarters in the city include Amazon, Nordstrom and Starbucks, and other notable employers include Apple, Facebook, Google and Microsoft.
The acquisition represents Bell Partners’ third owned community in the Seattle metro area and continues the firm’s expansion on the West Coast. Including Bell Jackson Street, Bell Partners owns and/or manages over 1,200 apartment units across six properties in West Coast markets including Seattle, the Bay Area and Los Angeles.
“With the acquisition of Bell Jackson Street, we are thrilled to grow our Seattle portfolio with a focus on locations that offer strong long-term growth prospects,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “Despite near-term economic challenges, we continue to believe in the long-term economic fundamentals of the Seattle metro area. The city’s top-tier educational institutions, the culture of innovation and presence of some of the world’s leading companies provide a strong foundation for job and population growth in the coming years.”
Built in 2018, Bell Jackson Street is comprised of 160 studio, one- and two-bedroom apartment homes. All units are equipped with keyless entries, programmable thermostats and A/C ports and stainless-steel appliances, and include quartz countertops and vinyl plank flooring throughout. Select homes have direct patio access, Juliet balconies and foyers for added privacy. Community amenities include a rooftop clubhouse with an adjacent deck, media and conference rooms, a state-of-the-art fitness center, electric vehicle stalls and bike storage. The property features views of the Seattle skyline, Puget Sound and the Cascade Range from the rooftop deck and many of the apartments. Bell Partners closely follows guidelines from local, state and federal health authorities regarding the operation and cleanliness of community amenities.

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LOS ANGELES, CA – Walker & Dunlop, Inc. announced that it completed the sale and financing for OLiVE DTLA, a 293-unit Class A multifamily property completed in 2016.
The seven-tale building is located in Downtown Los Angeles’ vibrant South Park neighborhood, one of the city’s most desirable neighborhoods, offering immediate access to entertainment centers such as L.A. Live, the Staples Center, Microsoft Theatre, and the Novo.
Walker & Dunlop’s Blake Rogers, Alexandra Caniglia, Hunter Combs, Javier Rivera, and Kevin Sheehan represented the property ownership. Justin Nelson and Allan Edelson worked alongside the sales team to arrange acquisition financing on behalf of Waterton, the buyer.
OLiVE DTLA features modern styling and best-in-class amenities, including a pool, fully equipped fitness center with Peloton bikes, rooftop sundeck, outdoor theater, grilling stations, and a fire pit. The community offers studios and one- and two-bedroom units, as well as loft-style apartments with floor-to-ceiling windows. Premium finishes include stainless steel appliances, quartz countertops, and in-unit washers and dryers.

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