Bell Partners has acquired Element Uptown, a 352-unit high-rise community located in Charlotte, N.C., and Waypoint West, a 192-unit, garden-style apartment community located in suburban Mooresville, N.C. Both properties were purchased on behalf of Bell Apartment Fund VII investors.
The financial terms were not disclosed.
Element Uptown will be renamed Bell Uptown Charlotte. Completed in 2015, the 21-story community is located in Charlotte’s central business district and is walkable to 28 million square feet of office space, retail amenities including two grocery stores, and recreational amenities including Bank of America Stadium and other facilities housing four professional sports teams. The community features studio, one-bedroom and two-bedroom floorplans and plentiful off-street parking. Bell Partners currently manages four other properties in the Uptown and nearby South End submarkets.
Waypoint West will be renamed Bell Mooresville West. Completed in 2021
