A joint venture between RangeWater Real Estate and Heitman Investment management recently acquired the 280-unit Bell Buckhead West multifamily community for an undisclosed amount. 

Now known as Blaine Buckhead West, the development is located at 3201 Downwood Circle NW off Howell Mill Road. The five-story community was built in 2015 and offers a mix of studio, one- and two-bedroom units on 5.56 acres. 

RangeWater sourced the off-market acquisition through its longstanding relationship with the previous owner, Bell Partners, according to an announcement. The Atlanta-based firm plans to implement a targeted interior-renovation program with upgrades to certain amenities. 

“Our investment process is built on recognizing leading indicators before they become broadly reflected in the market,” said Brian Soss, executive managing director of acquisitions at RangeWater. “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.”