Bell Partners has completed the final close for Bell Apartment Fund VII at its hard cap of $950 million in equity commitments, exceeding its original target of $800 million.
Bell Apartment Fund VII is said to be the firm’s largest fund to date.
Commitments came from a broad range of domestic and international institutional investors, and some high-net-worth individuals. Bell Partners said the majority of investors carried over from the fund’s predecessor, Bell Apartment Fund VI, which closed in June 2017 with $600 million in equity capital.
Some of the investors in Fund VII included U.S. pension funds, such as the New Mexico State Investment Council, the Pennsylvania Public School Employees’ Retirement System and the
