Bell Partners Acquires 831-Unit Multifamily Property In Plano From BH Equities

The property involved in the transaction is a multifamily asset located at 380 Vistacourt Drive in Plano. The 831-unit property, known as Bell Gateway Village, was acquired by Bell Partners through its Value Add Fund VIII. The purchase was secured with a $119.5 million loan from Walker & Dunlop, totaling approximately $144,000 per unit. Bell Gateway Village offers one-, two-, and three-bedroom units with amenities such as pools and a fitness center, strategically positioned for easy access to major highways and a nearby mixed-use development, CityLine.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $119.5 million
• Units: 831
• Buyer: Lili Dunn - Bell Partners
• Seller: BH Equities
• Broker: Daniel Baker - CBRE

Bell Partners, a North Carolina-based firm, expanded its DFW multifamily portfolio through the acquisition, with Lili Dunn representing the buyer's side. The seller, BH Equities, was represented by Daniel Baker of CBRE in the transaction. Walker & Dunlop provided the financing for the deal, showcasing their involvement in facilitating the acquisition of Bell Gateway Village in Plano.