Bell Companions Expands D.C. Metro Footprint with Rockville, Md. Acquisition

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GREENSBORO, N.C., Nov. 19, 2020 /PRNewswire/ — Bell Companions Inc., one of many nation’s main residence funding and administration firms, as we speak introduced that it has acquired Siesta Key, an residence neighborhood situated in Rockville, Md., which can be renamed Bell Shady Grove. This acquisition represents the 4th neighborhood owned by Bell Companions within the state of Maryland and the 18th managed within the D.C. metro space. Bell Shady Grove was acquired on behalf of a enterprise between Bell Companions and HANSAINVEST Actual Belongings GmbH, a number one funding agency based mostly in Hamburg, Germany.

Inbuilt 2018, Bell Shady Grove is a 315-unit mid-rise neighborhood that gives residents handy entry to Downtown Rockville, Bethesda and Washington, D.C. by way of a number of modes of transportation. The neighborhood is located adjoining to I-270 and I-370/Maryland Route 200 and is a brief distance from the town’s Crimson Line metro station. Bell Shady Grove can be situated within the I-270 biotechnology and life sciences hall, one of many nation’s most outstanding hubs for medical analysis, testing and improvement with The Nationwide Institutes of Well being, Nationwide Most cancers Institute and U.S. Meals and Drug Administration headquartered within the space. Close by developments together with Downtown Crown and Rio Washingtonian Middle present residents with entry to gyms, film theaters, eating places and quite a lot of retail shops.

“This acquisition represents one other step for Bell Companions into the D.C. metro market, which we consider has robust financial prospects with a variety of steady public sector job alternatives,” mentioned John Blaylock, Senior Vice President of Investments at Bell Companions. “We really feel particularly assured within the Rockville submarket, which is house to most of the essential nationwide well being companies who play a key position in combatting the continued public well being disaster.”

All items at Bell Shady Grove have wooden plank flooring, customized backsplashes, soaking tubs with tile finishes, full-size washers and dryers, chrome steel home equipment and granite surfaces within the kitchens and loos. Neighborhood facilities at Bell Shady Grove embrace a rooftop deck with a lounge area, TVs, fireplace pit and billiards, a clubroom with a gaming space, a enterprise middle with a pc lounge, a health middle with a non-public yoga studio and a convention area with personal workstations. Bell Companions intently follows tips from native, state and federal well being authorities relating to the operation and cleanliness of neighborhood facilities.

About Bell Companions Inc. Established in 1976, Bell Companions Inc. (“Bell Companions” or the “Firm”) is a privately held, vertically built-in residence funding and administration firm centered on high-quality multifamily communities all through america. With roughly 63,000 items underneath administration, Bell Companions is without doubt one of the largest residence operators and renovators in america. The Firm has over 1,500 associates and eight places of work (together with its headquarters in Greensboro, N.C.) and presents an intensive and full-service platform containing experience in acquisitions and tendencies, development, financing, property operations, accounting, danger administration and all different associated assist features. Bell Companions is led by a senior administration group with a median of over 20 years of expertise that has invested all through all phases of the true property cycle and has helped the Firm full over $16 billion of residence transactions since 2002, together with almost $1 billion in 2019 transactions. For extra data, go to our web site at www.bellpartnersinc.com.

About HANSAINVEST Actual BelongingsHANSAINVEST Actual Belongings GmbH stands for long-term expertise and sustainable investments in the true property and infrastructure sector. In complete, greater than 90 workers handle property of over EUR 6.1 billion. In the true property phase, the internationally positioned specialists handle workplace, retail, resort, logistics and residential properties in 18 nations. Along with portfolio administration, the areas of acquisitions and gross sales, asset administration and mission improvement are additionally coated. Within the infrastructure phase, the worldwide portfolio of infrastructure investments is managed with a quantity of greater than EUR 1.1 billion. Different companies embrace the acquisition of property and steady portfolio administration. Extra data may be discovered at www.hansainvest-real.com.

Contacts:John Perilli / Allie RuddenProsek Companions for Bell Companions Inc.(212) 279-3115jperilli@prosek.com / arudden@prosek.com

 

Cision View unique content material:http://www.prnewswire.com/news-releases/bell-partners-expands-dc-metro-footprint-with-rockville-md-acquisition-301177563.html

SOURCE Bell Companions Inc.

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