Bell Core Fund I acquires multifamily community in Raleigh, NC
Bell Partners has acquired Vintage Jones Franklin, a 277-unit apartment community located in Raleigh, N.C. The community was acquired on behalf of Bell Core Fund I investors and will be renamed Bell Jones Franklin.
Completed in 2022, Bell Jones Franklin is located between suburban Cary and downtown Raleigh at the intersection of I-40, I-440 and U.S. 1, offering access to major retail and employment centers including Weston Parkway Office Park and Research Triangle Park. The Raleigh-Durham-Chapel Hill metro area is home to 14 Fortune 500 companies and three nationally recognized doctoral research universities, providing a large pool of highly skilled workers.
“The acquisition of Vintage Jones Franklin was a result of Bell’s deep local knowledge in the Raleigh metro area and a strong relationship with the developer,” said Nickolay Bochilo, executive vice president of investments at Bell Partners. “This investment reflects our conviction in the long-term growth an