Bell Partners Fund V raises $425 mln

Bell Partners Inc. said Monday that its fifth fund closed at $425 million. Bell Apartment Fund V LLC will invest in multifamily properties across the East Coast, Southwest and Western United States. LPs include institutional investors and accredited high-net-worth individuals.


GREENSBORO, N.C., June 22, 2015 /PRNewswire/ — Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced today that it has completed the final close of Bell Apartment Fund V, LLC with $425 million of total equity commitments. The Fund will invest in high-quality, well-located multifamily properties across the East Coast, Southwest and Western United States and will enhance value by leveraging Bell’s extensive operating platform. The Fund’s investor base is comprised of institutional investors and accredited high-net-worth individuals, many of whom are investors in Bell’s previous funds. Bell Partners was ranked as one of the highest “top performing, consistent” real estate fund managers by the 2015 Preqin Global Real Estate Report for the second year in a row.
Jon Bell, President of Bell Partners Inc., said: “We are very pleased with the reception that Fund V received from domestic and international investors. The positive investor response to the Fund demonstrates confidence in Bell’s strategy, management team, and vertically integrated operating platform, as well as recognition of our strong track record. We are confident that this investment opportunity will generate attractive current income and provide strong total returns.”
The Fund seeks to invest in multifamily properties in targeted geographic regions with healthy fundamentals that, through renovation, enhanced operations, and/or investing in transitioning locations, will produce superior returns with relatively low risk. The Fund will seek to create a geographically diverse portfolio of high-quality apartment communities in supply-constrained submarkets, near major infrastructure and employment centers.
Since 2002, Bell has completed over $10 billion of apartment transactions on behalf of its investors.
About Bell Partners Inc.
Established in 1976, Bell Partners Inc. (“Bell Partners” or the “Company”) is a privately held, vertically integrated apartment investment and management company focused on high-quality multifamily communities across the East Coast, Southwest, and Western United States. With approximately 65,000 units under management, Bell Partners is the 11th largest apartment operator and 7th largest apartment renovator in the United States (according to The National Multi-Housing Council). The Company has approximately 1,700 employees and 9 offices (including its headquarters in Greensboro, NC) and offers an extensive and full service operating platform containing expertise in acquisitions and dispositions, financing, property operations, accounting, risk management and all other related support functions. Bell Partners is led by a senior management team with an average of over 20 years of experience that has invested throughout all phases of the real estate cycle and has helped the Company complete over $10 billion of apartment transactions since 2002.
SOURCE Bell Partners Inc.