Bell Partners has completed the final close for its core multifamily venture that includes Bell Core Fund I.
Once fully invested, the company anticipates the venture’s total equity capitalization will be $930 million from a broad range of domestic and international institutional investors.
With leverage, the venture intends to purchase more than $1.8 billion of well-located, high-quality multifamily properties in 14 major markets across the United States. These can generate consistent cash flow with strong appreciation over a long-term investment horizon. The venture has already purchased eight properties located in Atlanta; Austin; Dallas; Los Angeles; Raleigh, N.C.; San Francisco; and Seattle for a total combined purchase price of $900-plus million.
"This new venture formalizes a long history of core investing at Bell Partners and complements our value-add investment offerings," said Lili Dunn, president and incoming CEO of Bell Partners. "With a focused str
