Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced that it has acquired Overlook Pointe, a 249-unit apartment community in Pompano Beach, Fla. on behalf of its Fund VI investors. The property will be renamed Bell Lighthouse Pointe and be managed by Bell.
Situated between the growing job and housing markets of Fort Lauderdale and Boca Raton, and located 2.5 miles from the beach, Bell Lighthouse Pointe provides residents convenience for both work and leisure. The community is on North Federal Highway, ideal for those commuting to employment hubs in Broward and Palm Beach County. In addition, the property is situated close to a cluster of retail shopping and dining at Las Olas Boulevard, Galleria Mall and Mizner Park. For travelers, the property is less than 30 minutes away from Fort Lauderdale-Hollywood International Airport, which serves all major U.S. airlines and numerous international carriers.
“Greater Fort Lauderdale is experiencing strong population growth and an expansion of job opportunities, making the area highly attractive to both residents and investors,” said Kary Nordholz, Senior Vice President of Investments at Bell Partners. “The region’s strong economic development is driven by its favorable business and tax climate as well as the high quality of life it offers residents. This growth has led to higher demand for multifamily housing, and Bell Partners continues to identify investment opportunities in this business hub of South Florida.”
Bell Lighthouse Pointe offers one, two- and three-bedroom apartments with stainless steel appliances, granite countertops, and washer/dryer in each home. Residents of the community have access to amenities which include a resort-style swimming pool, a BBQ area with grills, a fitness center, free Wi-Fi in common areas and a coffee bar exclusive to residents. The property also has a six-story parking garage with 413 spaces.
Including Bell Lighthouse Pointe, Bell Partners manages 32 communities in Florida.