Salem, MA Bell Partners Inc. has acquired Vinnin Square Apartment Homes, a 148-unit apartment community, on behalf of its Fund VI investors. The community will be renamed Bell North Shore and be managed by Bell. The sale price was not disclosed.
Bell North Shore features two five-story buildings, 16 townhomes and two separate buildings containing six units each. All of the apartment homes have nine-foot ceilings, open kitchens, walk-in closets, full size washers/dryers and central air conditioning. The community also includes parking below two of the buildings, as well as a resident clubhouse, outdoor swimming pool, fitness center, walking trails and lighted tennis courts.
“The Greater Boston area features some of the world’s best universities and healthcare institutions,” said John Blaylock, senior vice president of investments, Bell Partners. “This submarket continues to experience strong rental growth which should continue in the near term.”
Including Bell North Shore, Bell Partners operates seven communities in the Boston metro area.