CHARLOTTE, August 9, 2019 – JLL announces that it has arranged financing for Overlook Pointe, a 249-unit, Class A apartment community in Pompano Beach, Florida.
JLL worked on behalf of the borrower, Bell Partners, to secure the acquisition loan through PNC Real Estate.
Overlook Pointe comprises one six-story residential building and a six-story attached 364-space parking deck. The property offers a pool, various grilling stations with social lounge, a playground, bike storage, valet dry clean service and a dog park. Additional amenities include a top-of-the-line clubhouse that boasts a media center with HDTV’s, a Game-On lounge with billiards, high-tech fitness center with aerobics studio, Wi-Fi café and complimentary coffee bar. Overlook Pointe is located at 4611 N. Federal Highway within one of Broward County’s most affluent submarkets. The property has convenient access to Interstate 95 and is less than five miles from Boca Raton and 13 miles from downtown Fort Lauderdale. Additionally, the property offers immediate proximity to major employers, an abundance of retail shopping, including Whole Foods, Trader Joe’s and Fresh Market grocery stores, and a multitude of restaurants and entertainment options.
The JLL Capital Markets team representing the borrower included Senior Managing Director Travis Anderson, Managing Directors Roger Edwards and Elliott Throne and Senior Director Cory Fowler.
Bell Partners Inc., one of the nation’s leading apartment investment and management companies, today announced the establishment of a new business unit that will consolidate and improve its reporting, data analysis, market research, and revenue management functions. The new Business Intelligence group (BI) will be led by industry veteran, Jay Denton. Mr. Denton has been named Senior Vice President (SVP), Business Intelligence and will report to the Chief Financial Officer, John Tomlinson. The Company also announced the promotion of Ray Thornton to SVP, Information Technology.
Mr. Tomlinson said: “We are very pleased to welcome Jay Denton to the Bell family as the leader of our new Business Intelligence group. We are confident that, with this effort, Bell will better access, evaluate and communicate internal and external data analytics and research information that will enhance our ability to plan and adjust business tactics and support our strategic planning efforts. This will also be a great resource for our investors and clients and help us deliver superior performance.”
Mr. Denton is well-known and respected in the industry for his research capabilities. He brings to Bell an extensive knowledge of real estate fundamentals and data analytics. Prior to joining Bell, Mr. Denton was Senior Vice President at Axiometrics where, over the last 15 years, he worked in a variety of related business intelligence roles. He holds a dual degree of Bachelor of Business Administration in Management Information Systems and in General Business from Rawls College of Business at Texas Tech University.
In another significant personnel move, the Company has promoted Ray Thornton to Senior Vice President, Information Technology.
Mr. Thornton joined Bell Partners in 2016 to oversee the Company's overall technology efforts. Over the last two years, he has managed Bell's successful transition to the Yardi Platform, while effectively advancing the Company's CyberSecurity efforts. He has also assembled a strong, dedicated IT staff focused on leveraging leading-edge technology to improve the Company's overall efficiency and on providing a high service level to all associates, residents and investors. The new BI and IT will work together closely to manage effectively improved data and information flow throughout the Company. Mr. Thornton will continue to report directly to John Tomlinson.
Mr. Thornton earned his MBA from Samford University in Birmingham, Alabama and his BS in Management Information Systems from the University of Alabama.
