Bell Partners buys Overlook Pointe in Pompano Beach for $58.5m

Bell Partners paid $58.5m for Overlook Pointe, a 249-unit apartment complex in Pompano Beach, Florida. The seller was M-M Properties. Located less than 5 miles from downtown Boca Raton, the property, which was renamed Bell Lighthouse Point, features one six-story building along with an attached six-story parking deck that can house 364 vehicles. Community amenities include a clubhouse, pool, grilling stations and valet dry-cleaning service. The sale was completed with a $40.1m acquisition loan arranged by JLL Capital Markets through PNC Real Estate.