• Beware of Expensive Real estate.

    To be successful in real estate, you must always and consistently put your clients' best interests first. When you do, your personal needs will be realized beyond your greatest expectations.
  • From Our Real estate to Yours

    Real estate sales was perfect training for the experience to go into public life because you learn to accept rejection, learn to meet new people, learn to work with people and find common ground. That's the way you sell houses... that's also the way you win over constituency.

Bell Partners Closes Apartment Fund VII at $950M

Posted by: | Posted on: June 4, 2020

GREENSBORO, NC—Bell Partners has completed the final close for Bell Apartment Fund VII at its hard cap of $950 million in equity commitments.

The fund exceeded its target size of $800 million, with commitments coming from a broad range of domestic and international institutional investors, the company reported. Many of the investors came from Bell Apartment Fund VI and there were accredited high-net-worth investors as well.

The Fund has more than $2.5 billion in purchasing power when leverage is added. Park Hill served as an advisor to Bell Partners during the fund formation process.

Bell Apartment Fund VII is a value-add strategy fund focusing on market-rate apartment communities in 14 target markets across the US. The fund plans to add value in part by capitalizing on price dislocations. The company has already purchased three properties in Dallas, Washington DC and Seattle for the fund.

As of December 2019, Bell Partners has sold 250 apartment properties for aggregate gross proceeds of $7.6 billion for a levered IRR and equity multiple of 17.5% and 2.1x(net of fees.

Source link