AUSTIN - Greensboro-based Bell Partners Inc. has acquired Cielo South Lamar, a 357-unit apartment community in Austin, Texas.
The community will be renamed Bell South Lamar.
It is located on South Lamar Blvd. just outside of downtown Austin.
The community was built in 2015 and is 91 percent occupied. It consists of 357 units across seven buildings.
The complex offers a variety of units, including studios and one- and two-bedroom apartments. There are also 30 two-bedroom townhomes on site.
The deal is the sixth multifamily acquisition for Bell Partners in 2016. The company has over 60,000 units under management.
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