Bell Partners (the “Company”), one of the nation’s largest apartment investment and management companies, announced it has acquired Montane Apartments, a 400-unit apartment community located in Parker, Colorado.
“Bell Parker Ranch is located in one of Denver’s most desirable submarkets, characterized by strong demographic trends, attractive retail and recreational amenities, and great schools,” said Nickolay Bochilo, Chief Investment Officer at Bell Partners. “We’re excited about the upgrades being planned for individual apartment homes, which we expect when combined with unique features already on the property, will deliver a superior living experience for our current and future residents.”
Completed in 2018, Bell Parker Ranch (formerly known as Montane Apartments) is a garden-style community comprised of studios and one-, two- and three-bedroom floor plans. Amenities include a lazy river (one of only two in Colorado), an oversized clubhouse and well-programmed green spaces. Notable retailers, such as Trader Joe’s, Costco and a new Whole Foods, are within walking distance from the property, as is the Cherry Creek Trail System, which connects to numerous parks throughout the city. The community is also located in the Douglas County School District, a top school district in the Denver metro area.
Jordan Robbins, senior managing director of JLL Capital Markets, brokered the deal. With this acquisition, Bell Partners now owns or manages a portfolio of approximately 7,400 apartment homes in 21 communities across the Denver region.
Established in 1976, Bell Partners Inc. is a privately held apartment investment and management company focused on quality multifamily rental communities throughout the United States. The Company manages approximately 90,000 apartment homes in 12 regions across the U.S., including communities in Seattle, San Francisco Bay Area, Southern California, Denver, Dallas/Ft. Worth, Austin, Atlanta, Central and Southeast Florida, Charlotte/Raleigh, Washington, D.C., and Boston. With over 2,100 associates and nine offices, Bell Partners offers an extensive full-service vertically integrated national platform of expertise in property management, acquisitions, construction, financing, accounting, risk management, and related support functions. Led by a senior management team with an average of 28 years of experience, Bell Partners has invested throughout all phases of the real estate cycle and has completed $11.5 billion of realized apartment transactions since 2002.
