Joint Venture with Heitman Investment Management Adds 280 Units in One of Atlanta’s Most Supply-Constrained Neighborhoods

ATLANTA, Sept. 1, 2026 /PRNewswire/ — RangeWater Real Estate has acquired Bell Buckhead West, a 280-unit, Class A multifamily community in Atlanta’s Buckhead neighborhood, through a joint venture with Heitman Investment Management. Bell Buckhead West further expands RangeWater’s presence in its hometown market and reflects the firm’s strategy of investing in high-quality communities where local market expertise, operating capabilities, and targeted improvements can unlock long-term value.

Built in 2015, the five-story mid-rise community spans 5.56 acres and features studio, one- and two-bedroom residences with structured parking in one of Atlanta’s most established commercial and residential neighborhoods. RangeWater plans to implement a targeted interior renovation program and selective amenity upgrades to further enhance the resident experience. The property benefits from its location within a supply-constrained submarket characterized by strong employment drivers, connectivity, and sustained renter demand.

The acquisition was sourced off market through RangeWater’s longstanding relationship with the previous owner, Bell Partners, highlighting the firm’s ability to identify differentiated investment opportunities through deep industry relationships and local market expertise.

“Our investment process is built on recognizing leading indicators before they become broadly reflected in the market. By combining real-time market insights, deep industry relationships, and local operating expertise, we identified an opportunity with strong conviction, not only in the asset itself, but in the value we believe can be created through skilled execution of a thoughtful asset enhancement strategy,” said Brian Soss, Executive Managing Director of Acquisitions at RangeWater Real Estate.

The property offers convenient access to Buckhead, Midtown, Cumberland, Central Perimeter, and Downtown Atlanta via Interstate 75. More than 1.6 million square feet of medical office space is located within one mile of the community, including major Wellstar, Piedmont, and Emory-affiliated facilities, supporting a diverse employment base and long-term demand for high-quality rental housing.

RangeWater owns (and/or manages via RangeWater Residential) 9,744 units across the Atlanta MSA, including 2,140 units within a five-mile radius of the property, providing proprietary local market insights and operational advantages that support long-term value creation for residents and investment partners.

About RangeWater Real Estate

RangeWater Real Estate is a multifamily investment company creating fulfilling experiences for its partners, investors, and employees across the Sun Belt and Mountain West. With a diversified portfolio of multifamily, build-to-rent, and mixed-use real estate assets, the Atlanta-based company has acquired and developed nearly 37,900 multifamily units since its inception in 2006, representing $7.5 billion in total capitalization. RangeWater blends local market knowledge and subject matter expertise to create places and experiences that redefine community. With offices in Atlanta, Charlotte, Dallas, Denver, and Jacksonville, RangeWater targets high job growth markets with demand for rental housing.

For more information, visit www.RangeWaterRE.com.

About Heitman
Heitman is a global real estate investment management firm with $49 billion in assets under management, as of June 30, 2026. Founded in 1966 and globally headquartered in Chicago, with European headquarters in London, Heitman has 10 offices worldwide and is an active participant in the global real estate property and capital markets. Heitman makes real estate investments through private equity, debt, and publicly-traded real estate securities. 

About Bell Partners

Established in 1976, Bell Apartment, LLC dba Bell Partners is one of the nation’s largest apartment investment and management companies focused on quality multifamily rental communities throughout the United States. The Company manages approximately 65,000 apartment homes in 12 regions across the U.S., including communities in Seattle, San Francisco Bay Area, Southern California, Denver, Dallas/Ft. Worth, Austin, Atlanta, Central and Southeast Florida, Charlotte/Raleigh, Washington, D.C., and Boston. With approximately 1,800 associates and nine offices, Bell Partners offers an extensive full-service vertically integrated national platform of expertise in property management, acquisitions, construction, financing, accounting, risk management, and related support functions. Led by a senior management team with an average of 27 years of experience, Bell Partners has invested throughout all phases of the real estate cycle and has completed almost $12 billion of realized apartment transactions since 2002.

For more information, visit www.bellpartnersinc.com

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SOURCE RangeWater Real Estate, LLC