North Carolina Investor Acquires 6th Multifamily Community in Metro Denver
WESTMINSTER — Bell Partners Inc., one of the nation’s leading apartment investment and management companies, recently announced it has acquired Bradburn Row, a 310-unit community located in Westminster. The North Carolina-based investor paid $90.48 million, according to public records.
Bell now owns six communities in Colorado. The company also purchased Alta Cherry Hills in Englewood for $78 million in 2017; Escape at Ken-Caryl, in Jefferson County, for $63.4 million; and Presidio Apartments in DTC for $99.2 million.
The community — renamed Bell Bradburn — is situated less than 10 minutes from Denver’s 36 Corridor. Reminiscent of an old-fashioned Main Street, the property features large apartments (averaging 1,256 square feet) and three-story townhome-style units with attached garages.The property offers one, two, and three bedroom homes that feature wood-style flooring, stainless steel appliances, granite countertops, over-sized windows, spacious closets and a washer and dryer in each unit. Community amenities include generous common areas, a fitness center, a yoga studio, a conference room, a demonstration kitchen, and a resort-style pool with outdoor kitchen. It will be managed by Bell Partners.
Bell Bradburn is part of the 120-acre Bradburn Village master-planned community. Residents can walk to more than 300,000 square feet of commercial and retail uses, including Whole Foods, Sprouts, other daily-needs retailers, and a variety of fast-casual and full-service restaurants.
“Our investment in Bell Bradburn represents the continuation of our strategy to invest in high-quality assets that provide attractive current income and value growth prospects. We plan to modernize apartment interiors and amenity areas, which should enhance living experience for the current and future residents, said Nickolay Bochilo, executive vice president, Investments.
Rendering courtesy of Bell Partners Inc.