Bell Partners has added to its growing footprint in the Bay Area with a $206M purchase of a 260-unit multifamily complex in South San Francisco that provides housing for one of the hottest biotech hubs in the nation.
Bell Partners, a multifamily asset management firm based in Greensboro, NC, purchased the Cadence Apartments—which will be renamed Bell South City—from a partnership of Saris Regis Group of Northern California (SRGNC) and the AFL-CIO Building Investment Trust.
The multifamily complex, which opened in 2019 and includes units that rent for as high as $5,400/month, is adjacent to the biotech employment hub of San Francisco's Oyster Point, which is anchored by Genentech's headquarters.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
