Jon D. Bell Of Bell Partners Acquires 400-Unit Multifamily Asset In Parker For $133M

The property involved in this transaction is the Montane Apartments, a multifamily asset located at 18301 Cottonwood Drive in Parker, Colorado. The property consists of 400 units and was sold for a total of $133,000,000, which translates to a price per unit of $332,500.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $133,000,000
• Units: 400
• Price Per Unit: $332,500
• Buyer: Jon D. Bell - Bell Partners
• Seller: Daniel Drimmer - Starlight Investments
• Financing: $84.94M Freddie Mac loan arranged by JLL

This transaction involved key industry figures including Jon D. Bell, representing Bell Partners as the buyer, and Daniel Drimmer of Starlight Investments as the seller, underscoring the active role of established companies in the multifamily real estate sector.