Bell Out of Senior Apartment Market

Bell Partners sold off the last of its senior apartment product:

Greensboro apartment investment firmĀ Bell Partners Inc. has sold the Alta Oakridge property in north Raleigh and the Alta Walk property in Durham, which are also the last remaining independent living facilities in which Bell had an ownership interest…

Nickolay Bochilo, vice president of investment at Bell Partners, stated in a news release that the company has been planning to exit from the senior housing sector and refocus its growth on the multifamily residential market.