Bell Apartment Fund VII, managed by Bell Partners, has secured $570 million, according to a Form D filed with the SEC. A total of 19 investors have backed the fund to date, including the Pennsylvania Public School Employees’ Retirement System and the Montana Board of Investments.
Bell Apartment Fund VII, filed as Bell Institutional Fund VII with the SEC, is targeting $810 million to invest in value-add apartment assets across the United States.
The investment team will look to invest in multifamily properties constructed within the past few years, as well as slightly older assets requiring renovation, according to Commercial Real Estate Direct. The f
