Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced that it has acquired the Berkshire Terminus and Berkshire Howell Mill multifamily communities in Atlanta featuring a combined 611 units. The properties, acquired on behalf of Bell Partners’ Core Fund I investors, represent the 12th and 13th communities Bell Partners manages in the Atlanta area, as well as the company’s second and third acquisitions in the Atlanta metro area in 2021 following the September acquisition of Bell Alpharetta.
The Berkshire Terminus, located at 20 Terminus Pl, Atlanta, GA., will be renamed Bell Terminus. Bell Terminus is comprised of 355 units and is in the heart of Atlanta’s Buckhead neighborhood, placing residents within walking distance of over 1.5 million square feet of office space and over 100,000 square feet of retail as part of the Terminus mixed-use development. Built in 2014, this mid-rise community offers close access to metro Atlanta’s most important employment, nightlife and shopping destinations.
The Berkshire Howell Mill will be renamed Bell Collier Village. Bell Collier Village, located at 950 Howell Mill Rd NW Atlanta, GA., is comprised of 256 units in Atlanta’s Westside corridor. Built in 2015, the community is located near a wide range of dining, shopping and recreation options in addition to the professional opportunities it affords residents.
“We are excited to add two new communities in Atlanta to the Bell portfolio,” said Nickolay Bochilo, EVP of Investments at Bell Partners in a statement. “This investment offers an attractive mix of growth and stability of cash flow for our core investment vehicle stemming from favorable migration trends to the Atlanta market, strength and desirability of the locations, relatively affordable rent level, and attractive community features.”
Units in both properties feature Energy Star stainless steel appliances, granite countertops, walk-in closets, and private balconies/patios in select homes. In addition, both properties are outfitted with saltwater pools, outdoor grilling areas, technology lounges, fitness centers and rooftop terraces.
Established in 1976, Bell Partners Inc. is a privately held, vertically integrated apartment investment and management company focused on high-quality multifamily communities throughout the United States. With approximately 70,000 units under management, Bell Partners is one of the largest apartment operators and renovators in the United States.
