Source: Bell Partners
GREENSBORO, NC - Bell Partners, one of the nation's leading apartment investment and management companies, has acquired Hanover Warner Center, a 395-unit apartment community in Los Angeles, California. The community, purchased on behalf of the firm's Bell Core Fund I investors, will be renamed Bell Warner Center.
Located in the San Fernando Valley, Bell Warner Center is located minutes from Route 101, connecting residents to major job centers in Woodland Park, life science industry in Thousand Oaks, and content creation industry in Burbank. Nearby Warner Center, which houses 10 million square feet of office space, is home to companies such as Intuit, Blackline and AMC Networks. Additional major employers near the community include Warner Bros., Netflix and Morgan Stanley.
In addition to abundant employment opportunities, Bell Warner Center is situated in the heart of Warner Center's downtown, home to numerous retail outlets, restaurants and entertainment venues. The campuses of UCLA, USC, Pepperdine and other Los Angeles universities provide residents with world-class educational opportunities and storied cultural institutions.
"We are thrilled to continue our expansion on the West Coast with the acquisition of Bell Warner Center," said Nickolay Bochilo, EVP of Investments at Bell Partners. "The acquisition of this community reflects our focus on finding high quality properties in areas with attractive long term economic fundamentals. The choice of a desirable suburban location in the Los Angeles metro reflects our view that suburbs will continue to benefit from demographic and migration shifts that have been accelerated during the COVID pandemic."
Built in 2020, Bell Warner Center features a range of amenities for residents such as an executive conference and meeting rooms, 24-hour fitness center and a controlled-access parking garage. The community also features an atrium with an outdoor café and fire pit.