Bell Partners, a privately held, vertically integrated apartment investment and management company, has formed an $800 million core multifamily venture with long-standing institutional partners.
The venture is seeking to acquire more than $1.5 billion of well-located, lower risk, high-quality multifamily properties in favorable submarkets across the United States.
The venture made initial commitments in late March, which were anchored by partners from prior investment vehicles sponsored by Bell Partners.
“This venture is a part of Bell Partners' strategic plan to further our product offering for our institutional partners and deepen our presence within our target markets with complementary vehicles,” said Lili Dunn, president of Bell Partners.