Bell Partners Acquires 774-Unit Lansbrook Village In Palm Harbor For $201M

Bell Partners has acquired the 774-unit Lansbrook Village in Palm Harbor for $201 million. The property, located at 3751 Pine Ridge Blvd, is a condominium asset. This transaction marks a significant investment in the Palm Harbor market.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $201,000,000
• Address: 3751 Pine Ridge Blvd, Palm Harbor
• Market: Palm Harbor

The buyer, Bell Partners, led by Joe Cannon, successfully acquired the property from Osso Capital. The brokers involved in this transaction were Shelton Granade and Sean Williams from Institutional Property Advisors, a division of Marcus & Millichap. The sale price for Lansbrook Village was $201 million, with a total of 774 units. The purchase price per unit was approximately $259,690.

This acquisition is part of Bell Partners' value-add fund strategy, targeting properties in Tampa and other markets that require renovation. The investment in Lansbrook Village aligns with their goal of enhancing properties and creating value in the market.