Bell Partners has formed an $800 million core multifamily venture with its institutional partners.
The venture plans to acquire over $1.5 billion of well-located, lower risk, high-quality multifamily assets in favorable submarkets across the U.S.
Initial capital commitments for the venture were made on March 26 and were anchored by partners from prior investment vehicles sponsored by Bell Partners.
“We pride ourselves on our relationships and deep commitment to outperforming for our investors.” said Lili Dunn, President of Bell Partners.
“This venture is a part of Bell Partners’ strategic plan to further our product offering for our institutional partners and deepen our presence within our target markets with complementary vehicles,” she added.
As of December 2020, the company oversees an investment management portfolio totaling approximately $5.1 billion in gross asset value.