GREENSBORO, NC—Bell Partners has completed the final close forBell Apartment Fund VII at its hard cap of $950 million in equitycommitments.
The fund exceeded its target size of $800 million, withcommitments coming from a broad range of domestic and internationalinstitutional investors, the company reported. Many of theinvestors came from Bell Apartment Fund VI and there wereaccredited high-net-worth investors as well.
The Fund has more than $2.5 billion in purchasing power whenleverage is added. Park Hill served as an advisor to Bell Partnersduring the fund formation process.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
