Bell Partners Acquires Suburban DC Apartment Community Westwind Farms

The property has been immediately renamed Bell Ashburn Farms.

“The purchase of Bell Ashburn Farms represents a continuation of our established strategy to purchase high-quality assets in areas of growth,” Nickolay Bochilo, Bell Partners’ executive vice president of investments, told Commercial Observer. “Loudoun County offers attractive growth prospects as demographic shifts continue to favor suburbs with good schools, more space, and proximity to employment.”

Located at 22541 Hickory Hill Square, units feature built-in wine storage, full-size washers and dryers, and walk-in closets. As for community amenities, there’s a clubhouse with billiards and TVs, a fitness center, and a business center, according to a statement.

The deal represents Bell’s 10th owned community in the D.C. area.

The property is near the Dulles Technology Corridor and the Silver Line Metrorail, which makes it convenient to get to Washington. According to the press release, the educated demographics, strong job growth and transportation options instill confidence in the D.C. metro apartment’s investor market. 

In addition to long-term appreciation expectations resulting from population growth in the area, Bochilo said the Bell team expects to make physical improvements to the property’s amenities and apartment interiors.

“Our targeted capital investment should make the community more desirable by existing and future residents,” he said. “Lastly, we plan to make several energy efficiency investments to improve energy usage and lower associated expenses.”

Update: This story originally misattributed source material. This has been corrected. We apologize for the error.