Real Estate Weekly
Image default
Debt & Equity

Fund eyes multifamily market with $425M purse

Bell Partners Inc., an apartment investment and management companies, has completed the final close of Bell Apartment Fund V, LLC with $425 million of total equity commitments.

The Fund will invest in high-quality, well-located multifamily properties across the East Coast, Southwest and Western United States.

Photo by Jonathan Brown/ Flickr
Photo by Jonathan Brown/ Flickr

The Fund’s investor base is comprised of institutional investors and accredited high-net-worth individuals, many of whom are investors in Bell’s previous funds.

Jon Bell, president of Bell Partners Inc., said:  “We are very pleased with the reception that Fund V received from domestic and international investors.

“The positive investor response to the Fund demonstrates confidence in Bell’s strategy, management team, and vertically integrated operating platform, as well as recognition of our strong track record. We are confident that this investment opportunity will generate attractive current income and provide strong total returns.”

The Fund seeks to invest in multifamily properties in targeted geographic regions with healthy fundamentals that, through renovation, enhanced operations, and/or investing in transitioning locations, will produce superior returns with relatively low risk.

The Fund will seek to create a geographically diverse portfolio of high-quality apartment communities in supply-constrained submarkets, near major infrastructure and employment centers.

Related posts

JL arranges $140M construction financing for latest mixed-use Gowanus development

REW

JLL arranges $176m construction financing for new mixed-use Gowanus development

REW

Pearlmark Closes $12M Mezzanine Debt Investment for Duffey 2.0

REW