The New Mexico State Investment Council (SIC) has approved a commitment of up to $75 million to Bell Institutional Fund VII — also known as the Bell Apartment Fund VII — according to recently released meeting minutes.
Bell Apartment Fund VII, filed as Bell Institutional Fund VII with the SEC, is seeking to invest in value-add apartment assets across the United States. Bell Partners’ 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 fund was launched
