Bell Partners Inc. has closed its Value-Add Fund VIII at a hard cap of $1.3 billion in equity commitments from domestic and international investors, leveraging the fund to an investment capacity of approximately $3.2 billion. The value-add investment strategy will focus on acquiring well-located, quality market-rate apartments in 14 target markets across the U.S., including Boston; Washington D.C.; Raleigh; Charlotte; Atlanta; Fort Lauderdale; Orlando ; Tampa ; Austin ; Dallas ; Denver ; Los Angeles , San Francisco , and Seattle . Strategies for creating value include renovations, enhanced operations, and investments in transitioning neighborhoods .
Lili Dunn – CEO & President – expressed her gratitude for investor support: “We are committed to consistently delivering strong performance throughout a full market cycle by leveraging our national platform and deeply experienced team” Hodes Weill Securities acted as Bell Partners’ placement agent with this close following 2022’s $930 million Bell Core Venture launch .
