Mesirow Financial Acquires Bell Meadowmont Apartments For $83.6M In Chapel Hill, NC

The Reserve at Meadowmont, formerly known as Bell Meadowmont apartments in Chapel Hill, NC, was recently acquired by Mesirow Financial for $83.6 million. This multifamily asset consists of 258 units, with an average price per unit of $324,031.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $83,600,000
• Address: 100 Village Crossing Drive, Chapel Hill, NC
• Market: Chapel Hill, NC
• Buyer: Natalie Brown - Mesirow Financial
• Seller: Lili Dunn - Bell Partners
• Brokers: Alex Okulski, Brenna Campbell, Dean Smith, Jason Kon, John Heimburger, John Munroe & Sean Wood - Newmark
• Units: 258
• Price per Unit: $324,031

Mesirow Financial successfully acquired The Reserve at Meadowmont from Bell Partners in November. This transaction highlights the growing interest in the Chapel Hill multifamily market and solidifies Mesirow Financial's presence in the area. The involvement of brokers from Newmark demonstrates strong collaboration and expertise in facilitating this deal.