Bell Partners has recently acquired Gateway Crossing Apartments, a 831-unit multifamily property located in Plano, Texas through its Value Add Fund VIII. The property was rebranded as Bell Gateway Village and was sold by BH Equities. The transaction was brokered by CBRE Daniel Baker.
According to Commercial Edge, the buyer secured a $119.5 million Fannie Mae loan from Walker & Dunlop.
The newly rebranded Bell Gateway Village is situated on 26 acres and consists of 20 two- and three-story buildings with one-, two-, and three-bedroom floorplans ranging from 611 to 2,686 square feet.
Residents can enjoy various amenities such as a fitness center, swimming pools, clubhouse with barbecue area, yoga studio and movie theater. Other features include a dog park, outdoor fireplace,courtyard,lounge,and conference room.
Bell Partners has recently purchased the multifamily property known as Gateway Crossing Apartments in Plano,Texas through their Value Add Fund VIII.The acquisition resulted in the renaming of this complex to BellGatewayVillage after being sold by BH Equities.CBRE Daniel Baker facilitated this transaction which involved securinga $119.5 million Fannie Mae loan originatedbyWalker&Dunlop.CommercialEdge reports that construction forthis projectwas completedin2017and it boastsof twentytwo-andthree-storybuildings spread across almost26acres.Theunitmixincludesone,two,andthreebedroomfloorplansrangingfrom611to2686squarefeet.Residentscanenjoyanarrayofamenitiessuchasafitnesscenter,pools,aclubhousewithbarbecuearea,yogaandspinstudio,movietheater,dogpark,outdoorfireplace,courtyard,lounge,andconference room.This purchase marks another successful venture for Bell Partnersintheever-growingmultifamilymarketinPlano,Texas.
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