Advenir acquired the six-story Bell Lighthouse Point at 4611 North Federal Highway from Greensboro-based Bell Partners for .9 million.
Bell Partners Sells Pompano helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.
Advenir bought a 249-unit apartment building in Pompano Beach for $60.9 million, amid an uptick in multifamily investment sales in South Florida.
Aventura-based Advenir bought the six-story Bell Lighthouse Point at 4611 North Federal Highway from Greensboro, North Carolina-based Bell Partners, according to records and real estate database Vizzda. The buyer assumed the seller’s $37.6 million outstanding loan balance and amended the debt to a $53.3 million Freddie Mac loan.
Completed in 2015 on a 5.3-acre site, Bell Lighthouse Point consists of one-bedroom to three-bedroom apartments, Vizzda records show. Monthly rents aren’t listed on the property’s website. The sale equates to $244,578 per apartment.
Bell Partners, led by Lili F. Dunn, had paid $58.5 million for the building in 2019, according to records.
Led by Stephen L. Vecchitto and David Vecchitto, Advenir is a multifamily and single-family rentals developer, investor and manager, according to its website. Since it was founded in 1996, it has owned and managed more than 30,000 units, and its current portfolio is valued at $2.9 billion.
The deal comes on the heels of Advenir’s $117.9 million sale of the 542-unit Palm Beach Gardens Apartments complex at 4120 Union Square Boulevard in Palm Beach Gardens. Boston-based West Shore bought the property.
South Florida’s multifamily market has slowed compared with the leasing and investment sales bonanza that ensued from out-of-staters creating unprecedented demand and record rent growth. Developers seized on the boom with a flurry of new projects, delivering a record 18,600 units last year, outpacing 15,000 net new leases, according to CoStar Group data. This created a supply overhang, slowing lease-ups of new projects and increasing concessions. At Bell Lighthouse Point, prospective tenants could get a $99 “move in special,” according to the property’s website.
Investment sales have picked up over the past year, despite elevated interest rates. Many buyers are assuming sellers’ debt, or relying on Freddie Mac and Fannie Mae loans and financing from insurance firms.
Bell Partners’ Pompano Beach sale marks at least the second South Florida property it has sold in as many months. Last month, the firm sold the 270-unit Bell at Broken Sound Apartments at 5500 Broken Sound Boulevard Northwest and 950 Northwest Broken Sound Parkway in Boca Raton for $124.5 million to Tishman Speyer.
This month, Pantzer Properties bought the 393-unit, eight-story apartment building at 1-3 Main Street in Miramar for $161 million. Last month, Morgan Properties paid $70 million for the 300-unit Visions at Willow Pond complex at 4860 Sand Stone Lane in unincorporated Palm Beach County.
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var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDoxMDAxNjcz”,”databaseId”:1001673,”title”:”Advenir buys 249-unit apartment building in Pompano Beach for $61M”,”status”:”publish”,”slug”:”bell-partners-sells-pompano-beach-rental-building-to-advenir”,”uri”:”/miami/2025/11/20/bell-partners-sells-pompano-beach-rental-building-to-advenir/”,”link”:”https://therealdeal.com/miami/2025/11/20/bell-partners-sells-pompano-beach-rental-building-to-advenir/”,”dateGmt”:”2025-11-20T15:30:00″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eAdvenir bought a 249-unit apartment building in Pompano Beach for $60.9 million, amid an uptick in multifamily investment sales in South Florida.u0026nbsp;u003c/pu003enu003cpu003eAventura-based Advenir bought the six-story Bell Lighthouse Point at 4611 North Federal Highway from Greensboro, North Carolina-based Bell Partners, according to records and real estate database Vizzda. The buyer assumed the seller’s $37.6 million outstanding loan balance and amended the debt to a $53.3 million Freddie Mac loan.u0026nbsp;u003c/pu003enu003cpu003eCompleted in 2015 on a 5.3-acre site, Bell Lighthouse Point consists of one-bedroom to three-bedroom apartments, Vizzda records show. Monthly rents aren’t listed on the property’s website. The sale equates to $244,578 per apartment.u003c/pu003enu003cpu003eBell Partners, led by Lili F. Dunn, had paid $58.5 million for the building in 2019, according to records.u0026nbsp;u003c/pu003enu003cpu003eLed by Stephen L. Vecchitto and David Vecchitto, Advenir is a multifamily and single-family rentals developer, investor and manager, according to its website. Since it was founded in 1996, it has owned and managed more than 30,000 units, and its current portfolio is valued at $2.9 billion.u0026nbsp;u003c/pu003enu003cpu003eThe deal comes on the heels of Advenir’s u003ca href=”/miami/2025/11/10/advenir-sells-palm-beach-gardens-apartments-to-west-shore/”u003e$117.9 millionu003c/au003e sale of the 542-unit Palm Beach Gardens Apartments complex at 4120 Union Square Boulevard in Palm Beach Gardens. Boston-based West Shore bought the property.u0026nbsp;u003c/pu003enu003cpu003eSouth Florida’s multifamily market has slowed compared with the leasing and investment sales bonanza that ensued from out-of-staters creating unprecedented demand and record rent growth. Developers seized on the boom with a flurry of new projects, delivering a record u003ca href=”/miami/2025/01/24/after-record-south-florida-rental-completions-lease-ups-slow/”u003e18,600 units last yearu003c/au003e, outpacing 15,000 net new leases, according to CoStar Group data. This created a u003ca href=”/miami/2025/10/31/are-developers-overbuilding-apartments-in-south-florida/”u003esupply overhangu003c/au003e, slowing lease-ups of new projects and increasing concessions. At Bell Lighthouse Point, prospective tenants could get a $99 “move in special,” according to the property’s website.u0026nbsp;u003c/pu003enu003cpu003eInvestment sales have picked up over the past year, despite elevated interest rates. Many buyers are assuming sellers’ debt, or relying on Freddie Mac and Fannie Mae loans and financing from insurance firms.u0026nbsp;u003c/pu003enu003cpu003eBell Partners’ Pompano Beach sale marks at least the second South Florida property it has sold in as many months. Last month, the firm sold the 270-unit Bell at Broken Sound Apartments at 5500 Broken Sound Boulevard Northwest and 950 Northwest Broken Sound Parkway in Boca Raton for u003ca href=”/miami/2025/10/03/bell-partners-sells-boca-raton-apartments-to-tishman-speyer/”u003e$124.5 millionu003c/au003e to Tishman Speyer.u0026nbsp;u003c/pu003enu003cpu003eThis month, Pantzer Properties bought the 393-unit, eight-story apartment building at 1-3 Main Street in Miramar for u003ca href=”/miami/2025/11/18/related-group-rockpoint-sell-miramar-rentals-to-pantzer/”u003e$161 millionu003c/au003e. Last month, Morgan Properties paid u003ca href=”/miami/2025/10/07/bar-invest-sells-rentals-near-west-palm-to-morgan-for-70m/”u003e$70 millionu003c/au003e for the 300-unit Visions at Willow Pond complex at 4860 Sand Stone Lane in unincorporated Palm Beach County.u0026nbsp;u003c/pu003enu003csection class=”ReadMoreSection_root”u003entu003ch4 class=”ReadMoreSection_title”u003eRead moreu003c/h4u003enttttttttu003ca class=”BlogrollPost” href=”/miami/2025/11/07/erik-rutter-bruce-menin-joe-lubeck-speak-at-miami-forum/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”125″ src=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Really-not-overbuilt-Bruce-Menin-Erik-Rutter-Joe-Lubeck-argue-South-Florida-has-no-multifamily-supply-overhang-FEATUREDIMG-r1-200×125.jpg” class=”FeaturedImage_image wp-post-image” alt=”” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttDevelopmentttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003e“Really not overbuilt”: Bruce Menin, Erik Rutter, Joe Lubeck argue South Florida does not have a multifamily supply overhang u003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/miami/2025/10/31/are-developers-overbuilding-apartments-in-south-florida/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”133″ src=”https://static.therealdeal.com/wp-content/uploads/2025/10/Are-Developers-Overbuilding-Apartments-in-South-Florida–1-200×133.jpg” class=”FeaturedImage_image wp-post-image” alt=”Calta Groupu0026#039;s Gaetano Caltagirone with Calta Group’s Caltopia Hollywood and Caltopia Hollywood II; Estate Companies’ Robert Suris with Estate Companies’ Soleste NoMi Beachand Soleste on the Bay” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttDevelopmentttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003e“Don’t kill the market”: Developers keep building apartments in South Florida, despite supply overhangu003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttttu003ca class=”BlogrollPost” href=”/miami/2025/10/01/aew-capital-mast-capital-sell-remi-on-the-river-for-108m/”u003enttttu003carticle class=”BlogrollPost_container”u003entttttu003cfigure class=”BlogrollPost_image FeaturedImage”u003entttttttttttttu003cimg decoding=”async” width=”200″ height=”133″ src=”https://static.therealdeal.com/wp-content/uploads/2025/10/MIA_AEW-Mast-Capital-Miami-River-200×133.jpg” class=”FeaturedImage_image wp-post-image” alt=”” loading=”lazy” /u003etttttttttttu003c/figureu003entttttu003cdiv class=”BlogrollPost_content”u003enttttttu003cdiv class=”BlogrollPost_heading”u003entttttttu003cdiv class=”MarketSectorLabel_categoryCityLabelWrapper”u003enttttttttttttttttu003cdiv class=”MarketSectorLabel_sectorLabel”u003entttttttttCommercialttttttttu003c/divu003enttttttttttttttttttttttttu003cdiv class=”MarketSectorLabel_marketLabel”u003entttttttttSouth Floridattttttttu003c/divu003entttttttttttttttu003c/divu003enttttttu003c/divu003enttttttu003cdiv class=”BlogrollPost_title”u003eAEW, Mast Capital sell 342-unit apartment building on Miami River for $108Mu003c/divu003entttttu003c/divu003enttttu003c/articleu003entttu003c/au003enttttu003c/sectionu003enntt”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Bell Partners sells property it had purchased for $59M in 2019″,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-20T15:38:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003cpu003eu003c!– wp:list –u003eu003c/pu003ernu003cul class=”wp-block-list”u003eu003c!– wp:list-item –u003ernu003cliu003eAdvenir bought the 249-unit Bell Lighthouse Point apartment building in Pompano Beach from Bell Partners for $60.9 million.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe Aventura-based buyer assumed the seller’s outstanding loan balance, amending the debt to a $53.3 million Freddie Mac loan. Bell Partners had purchased the property in 2019 for $58.5 million.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe deal reflects the current South Florida multifamily investment sales trend, where transactions are picking up, often with buyers assuming debt, despite a broader market slowdown due to increased supply and concessions.u003c/liu003ernu003c!– /wp:list-item –u003eu003c/ulu003ernu003cpu003eu003c!– /wp:list –u003eu003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/dAgiENKHPBnaHBA5oubp/dAgiENKHPBnaHBA5oubp.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/MIA_Advenir-1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/MIA_Advenir-1400×933.jpg 1400w, /wp-content/uploads/2025/11/MIA_Advenir-300×200.jpg 300w, /wp-content/uploads/2025/11/MIA_Advenir-700×467.jpg 700w, /wp-content/uploads/2025/11/MIA_Advenir-200×133.jpg 200w, /wp-content/uploads/2025/11/MIA_Advenir-768×512.jpg 768w, /wp-content/uploads/2025/11/MIA_Advenir-1024×683.jpg 1024w, /wp-content/uploads/2025/11/MIA_Advenir-50×33.jpg 50w, /wp-content/uploads/2025/11/MIA_Advenir.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eAdvenir’s Stephen L. Vecchitto and David Vecchitto (buyers) and Bell Partners’ Lili F. Dunn (selu0026#8230;u003c/pu003en”,”altText”:”Advenir’s Stephen L. Vecchitto and David Vecchitto (buyers) and Bell Partners’ Lili F. Dunn (seller) with the Bell Lighthouse Point at 4611 North Federal Highway in Pompano Beach”,”__typename”:”MediaItem”},”__typename”:”AcfMediaItemConnectionEdge”},”video”:null,”caption”:”Advenir’s Stephen L. Vecchitto and David Vecchitto (buyers) and Bell Partners’ Lili F. Dunn (seller) with the Bell Lighthouse Point at 4611 North Federal Highway in Pompano Beach (Getty, Advenir, Bell Partners, Google Maps)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Advenir-1400×933.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Advenir-1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Advenir-300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Advenir-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Advenir-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Advenir-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Advenir-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Advenir-50×33.jpg 50w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Advenir.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eAdvenir’s Stephen L. Vecchitto and David Vecchitto (buyers) and Bell Partners’ Lili F. Dunn (selu0026#8230;u003c/pu003en”,”altText”:”Advenir’s Stephen L. Vecchitto and David Vecchitto (buyers) and Bell Partners’ Lili F. Dunn (seller) with the Bell Lighthouse Point at 4611 North Federal Highway in Pompano Beach”,”mediaDetails”:{“sizes”:[{“width”:”1400″,”height”:”933″,”__typename”:”MediaSize”}],”__typename”:”MediaDetails”},”__typename”:”MediaItem”},”__typename”:”NodeWithFeaturedImageToMediaItemConnectionEdge”},”__typename”:”Post”,”template”:{“templateValue”:”right-rail”,”__typename”:”DefaultTemplate”},”seo”:{“title”:”Bell Partners Sells Pompano Beach Rental Building to Advenir”,”fullHead”:”u003c!– This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) – https://yoast.com/wordpress/plugins/seo/ –u003enu003cmeta name=”description” content=”Advenir bought a 249-unit apartment building in Pompano Beach for $60.9 million.” /u003enu003cmeta name=”robots” content=”index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1″ /u003enu003clink rel=”canonical” href=”https://therealdeal.com/miami/2025/11/20/bell-partners-sells-pompano-beach-rental-building-to-advenir/” /u003enu003cmeta property=”og:locale” content=”en_US” /u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”Advenir buys 249-unit apartment building in Pompano Beach for $61M” /u003enu003cmeta property=”og:description” content=”Advenir bought a 249-unit apartment building in Pompano Beach for $60.9 million.” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/11/20/bell-partners-sells-pompano-beach-rental-building-to-advenir/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-11-20T15:30:00+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA_Advenir.jpg” /u003entu003cmeta property=”og:image:width” content=”1500″ /u003entu003cmeta property=”og:image:height” content=”1000″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Lidia Dinkova” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”Advenir bought a 249-unit apartment building in Pompano Beach for $60.9 million, amid an uptick in multifamily investment sales in South Florida.u0026nbsp; Aventura-based Advenir bought the six-story Bell Lighthouse Point at 4611 North Federal Highway from Greensboro, North Carolina-based Bell Partners, according to records and real estate database Vizzda. The buyer assumed the seller’s $37.6 million outstanding loan balance and amended the debt to a $53.3 million Freddie Mac loan.u0026nbsp; Completed in 2015 on a 5.3-acre site, Bell Lighthouse Point consists of one-bedroom to three-bedroom apartments, Vizzda records show. Monthly rents aren’t listed on the property’s website. The sale equates [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Steven Dilakian” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”3 minutes” /u003enu003cscript type=”application/ld+json” class=”yoast-schema-graph”u003e{“@context”:”https://schema.org”,”@graph”:[{“@type”:”NewsArticle”,”@id”:”https://therealdeal.com/miami/2025/11/20/bell-partners-sells-pompano-beach-rental-building-to-advenir/#article”,”isPartOf”:{“@id”:”https://therealdeal.com/miami/2025/11/20/bell-partners-sells-pompano-beach-rental-building-to-advenir/”},”author”:[{“@type”:”Person”,”@id”:”https://therealdeal.com/#/schema/person/59ad643e34e525ba44cf385eb480dc46″,”name”:”Lidia Dinkova”,”image”:{“@type”:”ImageObject”,”url”:”https://secure.gravatar.com/avatar/8f50db554f29c280c6279bd8cbf09aa15dd40cda5b5963c6a80232b86912c185?s=96u0026#038;d=mmu0026#038;r=g”},”description”:”Lidia Dinkova covers South Florida real estate for The Real Deal. 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The buyer assumed the seller’s $37.6 million outstanding loan balance and amended the debt to a $53.3 million Freddie Mac loan.
Bell Partners Sells Pompano: Practical Checklist
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FAQ: Bell Partners Sells Pompano
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