Bell Partners Closes Bell Apartment Fund VII At $950 Million

Bell Partners has announced that the company has closed the Bell Apartment Fund VII at $950 million. The company has further added it has closed the funding after the funding exceeded its initial target of $800 million and it has also got assurance and commitments from a wide range of international and domestic investors. The fund has the capacity for apartment investments with $2.5 billion.

The company has also purchased three different properties in Seattle, Washington D.C and Dallas. The company has further added that it will continue its policy to identify more opportunities to effectively deploy capital it has acquired from domestic and international investors.

Chief Executive Officer of Bell Partners, Jong Bell said, “The fact that we were able to close Bell Apartment Fund VII above our target despite the volatility caused by Covid-19 is a strong vote of confidence from our investors.”

“Bell Partners has weathered numerous economic downturns during its four-and-a-half decades in business and while this one is certainly unusual; we are well-positioned to navigate it. I’m humbled by the amount of support we have received and am confident that we will continue to outperform for our investors,” John Bell continued.

President of Bell Partners, Lili Dunn said, “The positive reception of Bell Apartment Fund VII speaks to the strength of our people and company.”

“We are fortunate to have a large operating platform that affords us efficiencies and provides opportunities across the country while also having a deep regional presence and hands-on execution to inform our decisions and drive strong results. I’m grateful to our investors for their support and to our entire team for their continued commitment to excellence during these challenging times,” President of Bell Partners Lili Dunn further added in the statement.

Edward Hancock

Edward Hancock holds Master’s degree in Business Administration. After completing his post-graduation, Edward jumped the journalism bandwagon as a freelance news writer. Soon after that he landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Edward is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing. Edward delivers news reports regarding Trending news category.

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