Bell Partners Rings Up $1.8 Billion Deal

Bell Partners announced it has sold part of its portfolio for $1.8 billion. From the Triad Business Journal:

Bell Partners Inc. said it sold 23 apartment communities from throughout the country for the 10-figure sales price. The communities were part of multiple investment vehicles managed by the company.

"We are thrilled to deliver exceptional results to our investors," said Lili Dunn, president of Bell Partners in a written statement. "Our extensive platform and innovative approach have enabled us to outperform consistently over multiple decades. We value the relationships with our investors and are grateful for their trust and support."

Bell Partners did not release the names or individual locations of the communities included in the sale. But Bell Partners CEO Jon Bell did tell Triad Business Journal that the sale included communities in eight states in the Southeast, Northeast and Western regions of the country to multiple buyers.