FORT LAUDERDALE, FL - Bell Partners Inc., one of the nation's leading apartment investment and management companies, has acquired Satori Apartments, a 279-unit apartment community located in Fort Lauderdale, Fla. The property, acquired on behalf of the firm's Fund VII investors, will be renamed Bell Sunrise.
Built in 2010, Bell Sunrise is located within two miles of the Atlantic Ocean and offers residents convenient access to work and leisure. The employment corridor connecting downtown Fort Lauderdale, Cypress Creek, Sunrise, Plantation, Hollywood, Miramar and Boca Raton supports over 46,000 jobs at major employers including American Express, Motorola Solutions and Fox Sports. For time outside of work, Bell Sunrise is situated across the street from Holiday Park, which has tennis and basketball courts, a dog park, pickleball courts, a playground and a recreation center. The community is also close to a cluster of local boutiques, restaurants, fine arts, recreation and entertainment options in Downtown Fort Lauderdale and Flagler Village.
"Bell Sunrise deepens our portfolio in the South Florida market, which has been a major beneficiary of the job and population migration trends that have accelerated in the past 12 months," said Nickolay Bochilo, EVP of Investments at Bell Partners. "Favorable housing demand drivers in the area, coupled with an opportunity to enhance the physical features of the community, make this investment an attractive fit for our value-add Fund. Our team plans to perform common area and unit interior upgrades to enhance resident experience with features that enable flexible and remote work."
Bell Sunrise's community amenities include a clubhouse with a gathering area and kitchen, 24/7 fitness center and aerobics room, two steam rooms and dry saunas, an infinity edge pool with private cabanas, a meditation garden, spa and treatment rooms, onsite retail and dining, a dog park and a business center. Each unit has walk-in closets; master bathrooms with double sinks, large soaker tubs, and walk-in showers; oversized bedrooms; expansive living areas with additional office space; as well as large private balconies. Bell Partners closely follows guidelines from local, state and federal health authorities regarding the operation and cleanliness of community amenities.
Source: Bell Partners