Acquisition Banks on ‘Good Neighbors’
Bell Partners continues to grow with its latest acquisition of Alta Estates in Boston.
By Robin Nathanson, Associate Editor
Greensboro, N.C.—Bell Partners, the 12th largest apartment operator in the United States, continues to grow with its latest acquisition of Alta Estates in Boston. Renamed Bell Watertown, the 155-unit community is located in the Boston township of Watertown.
“The acquisition of Bell Watertown is well aligned with the Bell investment strategy to deepen our presence in the Boston market with a focus on areas undergoing significant transformation and offering potential for property value appreciation,” said Nickolay Bochilo, senior vice president of investments. In 2014, Bell completed more than $2.6 billion in apartment transactions.
Temperature controlled hallways and elevators are part of the features in the two four-story buildings at Bell Watertown. Residents have a choice of one- and two-bedroom units. Rental prices may vary based on apartment features, date of move-in, or lease length. Prices can change on a daily basis.
Residents will have access to amenities such as a grilling with an outdoor kitchen and fire pit, clubhouse with pool tables and a cyber cafe, fenced dog park, yoga studio, a media room with large screen televisions and gaming consoles, nature preserve walking path, playground, heated saltwater pool and sundeck. A fitness center features Life Fit equipment, iPod docks and built in touch screen televisions.
Each unit comes with 9-foot ceiling heights, Juliet or full-size balconies, granite countertops with islands, espresso cabinetry, energy star stainless steel appliances, pendant lighting, distressed walnut floors, walk-in closets, pantries, garden tubs, walk-in showers and washer and dryers.
Bell Partners’ apartment communities include a Good NeighborSM Pledge that residents treat the community’s shared spaces with respect and neighbors with common courtesy. The pledge includes a commitment to picking up after pets, disposing of trash in the appropriate receptacles and being considerate of noise levels during the community’s “quiet hours.”
