The Triad Business Journal interviewed Bell Partners CEO Jon Bell about his company’s approach to doing deals. Here’s an excerpt:
What’s the secret to doing well when it comes to apartment investment and management?
We focus on larger markets. We believe there’s less risk there. Not to say there’s not money to be made in some smaller markets, but to mitigate risks, we concentrate on larger markets.
Are there any markets in particular your company favors?
We have 12 acquisition markets. They range from Boston in the north to Miami in the south. It stretches west to southern California and includes Washington, D.C.; Austin, Texas; and Denver, Colo. We feel very good about these areas.
What’s your appetite for deals going forward?
I like to say we’re an aggressive seller and a judicious buyer. We’re always looking for good opportunities.
What about the Triad? Any interest in purchasing properties here?
The Triad is a wonderful place to live, but it’s not a target market for us.