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Transactions - DECEMBER 20, 2021

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German investor with Bell Partners purchases Dallas multifamily community

by Andrea Zander

Bell Partners has acquired Routh Street Flats, a 208-unit apartment community in Dallas. The property, to be renamed Bell Katy Trail, was acquired on behalf of a separate account venture between Bell Partners and HANSAINVEST Real Assets GmbH, an institutional investment firm based in Hamburg, Germany. The financial terms were not disclosed.

Located in the heart of Uptown Dallas, Bell Katy Trail offers residents access to dining, entertainment, shopping, and recreation opportunities. Bell Katy Trail is minutes from the West Village, a premier shopping and dining center, putting residents within walking distance of grocery and retail needs. The property is also near popular cultural and recreation spots, including the Arts District, Katy Trail, and the Turtle Creek Greenbelt. Bell Katy Trail is also a short walk from the McKinney Avenue Trolley, connecting the property to a range of destinations in the city.

Completed in 2015, Bell Katy Trail feature

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