B
ell Partners has secured a $73 million loan to refinance the 216-unit Bell South Bay apartment complex in Inglewood. The six-story building, located at 1622 Aviation Boulevard, was constructed by Bell in 2016 on a 3-acre site southeast of Los Angeles International Airport. The loan was provided by funds managed by KKR and arranged by brokers Justin Nelson and Craig West of Walker & Dunlop.

    Bell South Bay features studios to two-bedroom apartments ranging from 580 to 1,100 square feet, with rent prices between $2,606 and $4,807 per month. Amenities include a fitness center, coworking areas, yoga studio, pool with cabanas, and parking garage. Bell Partners, founded in 1976 by Steven Bell, has offices in nine US cities and focuses on market-rate rental markets across the country.

    As of June 2023, the company had $7.2 billion in assets under management. Last month, Multi-Housing News ranked Bell Partners as the 26th-largest multifamily property owner in the US. The company also closed a $950 million equity fund in June 2020 and has a significant presence in various major cities across the country.