As the “next step” in Southwestern Baptist Theological Seminary’s long-term strategy to evaluate its property usage in keeping with its student-focused core value and to prioritize seminary resources, the seminary announced Jan. 13. Student Village Apartments and Townhomes have been sold to Bellrock Real Estate Partners, a Fort Worth-based company.
“This transaction creates an opportunity to partner with Bellrock in ways that will enhance the residential experience for our students,” said Southwestern Seminary President David S. Dockery.
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“We are encouraged by Bellrock’s commitment to investing in the property and to working collaboratively to ensure it continues to serve the needs of the seminary community,” Dockery added.
Bellrock co-founder Anthony Wonderly emphasized the firm’s commitment to thoughtful ownership and continuity for residents.
“We understand the importance of this community to Southwestern Seminary and its students,” Wonderly said. “Our goal is to invest responsibly, improve the quality of life for residents, and position the property for long-term success while maintaining continuity for those who already call it home.”
The sale of Student Village represents a key component of Southwestern Seminary’s broader financial turnaround since 2022, Dockery said.
The institution has implemented disciplined financial management, reduced operational expenses, and experienced growth in operating revenue, resulting in the elimination of all short-term and long-term debt and cash reserves in excess of $20 million.
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EDITOR’S NOTE — This story was originally written by Southwestern Baptist Theological Seminary. With reporting by Baptist Standard.
