December 21, 2005
NDC Capital Partners Announces a Real Estate Co-Investment with the P.B. Bell Companies
NEW YORK--(BUSINESS WIRE)—December 21, 2005--NDC Capital Partners LLC (“NDC”) today announced a co-investment with the PB Bell Companies, for the development of a 258 unit luxury apartment complex, known as Chuparosas Apartments. The site is located in one of the country’s fastest growing cities, Chandler, Arizona, which is part of the Metropolitan Phoenix Area.
About the P.B. Bell Companies
The P.B. Bell Companies is one of Arizona’s leading providers of multifamily services and luxury apartments. Founded in 1975, the company has successfully developed, acquired, and managed award winning multifamily communities throughout the Arizona Market. P.B. Bell emphasizes a well-trained, experienced and motivated work force which is customer service oriented. The company earned prestigious local and national awards and recognition for its first DC Ranch luxury rental product, now called The Village @ Market Street, which recently were converted to condominiums.
About NDC Capital Partners
NDC is a private equity firm, investing capital in U.S. commercial real estate assets and related entities through joint venture structures with proven operating partners. NDC pursues a disciplined investment philosophy that focuses on value-oriented strategies, including property renovation, development, and repositioning. The foundation of NDC’s investment platform is an alignment of interest created through a co-investment partnership with knowledgeable operating partners. A proven track record of producing consistently high risk-adjusted returns supports this investment philosophy.