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Bell Partners acquires second Seattle multifamily property
Transactions - JANUARY 3, 2020

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Bell Partners acquires second Seattle multifamily property

by Andrea Zander

Bell Partners has acquired Alexan Marymoor, a 222-unit multifamily community in Redmond, Wash., on behalf of its Fund VII investors. The property will be renamed Bell Marymoor Park and will be managed by Bell Partners. This is the company's second acquisition in the Seattle metro area, following the acquisition of Bell Overlake in September.

Bell Marymoor Park is situated near the Seattle area's largest employers, including Amazon, Facebook and Salesforce. Additionally, the multibillion-dollar redevelopment of Microsoft's nearby world headquarters will create further job opportunities for residents. Multiple light-rail stations are being constructed near the property with completion scheduled for 2023, which will connect the community more closely with downtown Seattle and the greater Puget Sound region.

"Our investment in Bell Marymoor Park represents a continuation of our strategy to acquire high-quality communities in desirable and growing locations where our

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