Bell Partners Closes Eighth Value-Add Fund at $1.3B

Article originally posted on HERE on June 21, 2023

Bell Partners Inc. has closed its Value-Add Fund VIII at a hard cap of $1.3 billion in equity commitments from a range of domestic and international investors. With leverage, the new fund has investment capacity of approximately $3.2 billion.

Fund VIII will deploy a value-add investment strategy, acquiring well-located, quality market-rate apartments in 14 target markets nationwide including Boston; Washington, DC; Raleigh; Charlotte; Atlanta; Fort Lauderdale; Orlando; Tampa; Austin; Dallas; Denver; Los Angeles; San Francisco; and Seattle.  Value creation strategies include renovations, enhanced operations and investment in transitioning neighborhoods.

“We are grateful for the support of our investors and are committed to consistently delivering strong performance throughout a full market cycle by leveraging our national platform and deeply experienced team,” said CEO and president Lili Dunn.

Hodes Weill Securities, LLC acted as Bell Partners’ placement agent. The close of Fund VIII follows 2022’s $930-million Bell Core Venture.

Pictured: Bell Partners’ Bell Vinings in Atlanta.