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Bell Partners Acquires High-Rise Apartment Community in North Bethesda
Bell Partners has announced the acquisition of a 319-unit apartment community located in North Bethesda, Maryland. Formerly known as Pallas at Pike & Rose, the property was purchased from Federal Realty Investment Trust in December 2025 and will be rebranded as Bell at the Pike. The acquisition was made on behalf of the company’s Growth and Income Fund, with Eastdil Secured serving as the broker for the transaction.
The residential community is part of the larger Pike & Rose mixed-use development by Federal Realty. Completed in 2015, Bell at the Pike offers a mix of studio, one-, two-, and three-bedroom apartments, with units averaging 1,007 square feet. In addition to market-rate units, the property includes 32 affordable housing residences.
Strategically located near the Capital Beltway and Interstate 270, the property provides convenient access to major employment hubs in Bethesda, the I-270 corridor, Washington, D.C., and Northern Virginia. It is also within walking distance of Metro’s Red Line, offering residents added connectivity to the greater D.C. metropolitan area.
With this acquisition, Bell Partners now owns or manages 20 properties across the Washington, D.C. metro region, totaling approximately 6,600 apartment homes.
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