Bell Partners acquires 249-unit apartment community in Florida

Bell Partners has acquired Overlook Pointe, a 249-unit apartment community in Pompano Beach, Fla., on behalf of its Fund VI investors. The property will be renamed Bell Lighthouse Pointe and be managed by Bell.

“Greater Fort Lauderdale is experiencing strong population growth and an expansion of job opportunities, making the area highly attractive to both residents and investors,” said Kary Nordholz, senior vice president of investments at Bell Partners. “The region’s strong economic development is driven by its favorable business and tax climate as well as the high quality of life it offers residents. This growth has led to higher demand for multifamily housing, and Bell Partners continues to identify investment opportunities in this business hub of South Florida.”

The property also has a six-story parking garage with 413 spaces. Situated between the growing job and housing markets of Fort Lauderdale and Boca Raton, and located 2.5 miles from the beach, Bell Lighthouse Pointe provides residents convenience for both work and leisure. The community is on North Federal Highway, ideal for those commuting to employment hubs in Broward and Palm Beach counties. In addition, the property is situated close to a cluster of retail shopping and dining at Las Olas Boulevard, Galleria Mall and Mizner Park. For travelers, the property is less than 30 minutes away from Fort Lauderdale-Hollywood International Airport, which serves all major U.S. airlines and numerous international carriers.