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Tue. Jul 23rd, 2024

Bell Partners acquires Murrieta apartment complex

By Vaseline May26,2024
Bell Partners acquires Murrieta apartment complex

Silverado Apartment Homes, a 492-unit apartment complex in Murrieta, has been acquired by Bell Partners for $146.5 million. The community is renamed “Bell Murrieta Springs.” Valley News/Courtesy photo

GREENSBORO, NC – Bell Partners, one of the nation’s largest apartment investment and management companies, announced Friday, May 13, that it has acquired Silverado Apartment Homes, a 492-unit apartment community in Murrieta. The community was acquired on behalf of the company’s Value Add Fund VIII investors for a purchase price of $146.5 million. The property will be named Bell Murrieta Springs. “Despite challenging market conditions, I am proud of our team for finding an exceptional opportunity to achieve our investment objectives,” said Nickolay Bochilo, Chief Investment Officer at Bell Partners. “Our ability to successfully complete this transaction is the result of leveraging our deep local expertise, existing relationships and proprietary market research.”

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