Bell Partners Expands Presence Out West

Bell Partners has expanded its presence on the left coast:

Bell Partners Inc…has been awarded a contract to manage multifamily assets in California and Washington.

The 17 apartment communities are owned by JB Matteson Inc., a San Francisco-based private real estate investment firm, and are valued at more than $1 billion.

“The JBM assets are a perfect complement to our existing $250 million California portfolio,” said Bell Partners’ CEO Jon Bell. “Bell has plans to continue expanding its footprint on the West Coast, and this new relationship is a clear example of our commitment to that objective. We are eager to grow our scale in these important apartment markets and look forward to cultivating an even deeper relationship with JB Matteson in the future.”

In recent years Bell has been concentrating on expanding out west, including three recent purchases in California for a combined $264.9 million.