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HZ News

February 23, 2017

Hamilton Zanze Reaches Milestone $2.8 Billion in Acquisitions

2016 Marks Firm’s 15th Anniversary

SAN FRANCISCO, Feb. 22, 2017 /PRNewswire/ — San Francisco-based private real estate investment firm Hamilton Zanze (HZ) marked a record year in 2016, reaching over $500 million in acquisitions, the firm’s best year yet. The milestone comes as HZ celebrates its 15th year in business and over $2.8 billion in acquisitions since its inception. Hamilton Zanze owns and manages 85 multifamily properties in 10 states including Arizona, Colorado, Georgia, Idaho, New Mexico, Nevada, Oregon, Texas and Washington.

Last year also marked Hamilton Zanze’s expanding footprint outside of the Southwest, with the purchase of a three-property investment in the Atlanta area, the firm’s first investment in the state of Georgia. The purchase signifies a continued confidence in multifamily investments as well as the firm’s focus on investing in communities where the economy is strong, employment is growing, and apartment demand is steadily increasing.

“We are committed to the long-term growth of our businesses on an incremental approach, which is how we have gotten where we are with HZ,” said Tony Zanze, COO and co-founder. “By expanding into new markets, we are setting the stage for a very long-term horizon in which we continue to seek and make investments in properties we understand and believe in, and provide for our investors’ financial security.”

Multifamily investments remain a solid option for investors as U.S. homeownership rates continue to fall. Per the U.S. Census Bureau, the percentage of Americans who own their homes declined to 63.7% in the fourth quarter, well below the record low of 65%. Millennials are deferring home-buying and starting families; instead, more are opting to remain in the family home or rent, citing affordability, student debt and convenience. And, as 75 million Baby Boomers are set to retire, the attractiveness of multifamily rental communities, including 55+ retirement communities, will continue to rise.

“Hamilton Zanze is positioned and structured for long-term growth and prosperity,” said Mark Hamilton, CEO and co-founder. “We are always looking ahead at new programs and anticipating the future as different sources of capital come and go. We want to make sure our growth is thoughtful with higher quality and larger properties, offering more stable performance going forward.”

ABOUT HAMILTON ZANZE
Hamilton Zanze (HZ) is a private, San Francisco-based real estate investment company that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired over $2.8 billion in multifamily assets primarily in the Western and Southwestern U.S. The company currently owns and operates 85 properties (18,003 units) across 10 states. For additional information, visit www.hamiltonzanze.com.



February 21, 2017

Hamilton Zanze Buys Atlanta Apartments for $109m, its First East Coast Acquisition

A San Francisco value-add apartment real estate investment firm has made its first East Coast investment just a few miles from SunTrust Park, the new Atlanta Braves stadium.

Hamilton Zanze has purchased a portfolio of three properties in Smyrna: The Peak at Vinings Mountain, The Views at Vinings Mountain and Lakeside at Vinings Mountain, a 680-unit collection of circa 1980s apartments, collectively called The Residences at Vinings Mountain. The properties traded from Aimco for $109M, according to Databank. Colliers International’s Will Mathews brokered the sale on behalf of Aimco.

Atlanta’s pro-business climate and educated workforce draw most outside investors to the city, and HZ managing director David Nelson said they were also big reasons why the California firm came to Atlanta. But right behind those factors were the new stadium and the infrastructure investment in Smyrna, “spending more now to prepare for tomorrow,” Nelson said. According to the Cumberland CID, some $600M in infrastructure improvements will have occurred by the end of 2018 during the past 30 years, many in preparation for the Atlanta Braves.

Read more at BisNow.com or additional coverage at REIBusiness.com



December 15, 2016

Latest Apartment Sale Shows Continued Strength in Big Portland Submarket

 

It’s not just Portland that’s been enjoying a strong multifamily market these past few years.

The Rose City’s neighbor to the north, Vancouver, has seen some new heat as well, with rents rising and interest from outside investors bubbling up.

One of the latest signs of Vancouver’s growing popularity — the $37 million sale of Rock Creek Commons, a 240-unit complex at 11800 N.E. 124th Ave. earlier this fall. The complex went to Hamilton Zanze, a California real estate investment firm that has had a busy year of buying and selling properties, including a complex it bought in Eugene for $31 million in September.

Read more at the Portland Business Journal



November 28, 2016

HZ Buys San Antonio Apartment Complex, Adding to Trend

Real estate firms have bought three more apartment complexes in San Antonio, joining a recent rush of investors attracted to the area’s growing economy and relatively stable housing market.

San Francisco firm Hamilton Zanze bought the luxury Meridian apartment complex next to Quarry Golf Club last week from national firm Cornerstone Real Estate Advisers, property records show. The purchase price was undisclosed, but the 4.8-acre complex was assessed at $33.1 million this year, according to the Bexar Appraisal District.

At least a dozen major apartment complexes in San Antonio have changed hands in the last four months. Investors have said in interviews that they are drawn to the area’s growing population and robust economy based on stable industries such as the military, health care and education.

Read more at the San Antonio Express-News



November 4, 2016

BLS Employment Situation: October 2016

Total nonfarm payroll employment rose by 161,000 in October, and the unemployment rate was little changed at 4.9%, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in healthcare, professional and business services, and financial activities.

Read more at BLS.gov



October 20, 2016

HZ Buys Vancouver Apartment Community for $37 Million

Hamilton Zanze (HZ), a San Francisco-based real estate investment company, has acquired the 240-unit Rock Creek Commons in Vancouver from Timberland Framing for $37 million. The transaction was finalized late last month.

Built in two phases from 2014 to 2016, Rock Creek is located at 11800 NE 124th Ave. in Orchards. Apartments range from one to three bedrooms (745 to 1,190 sq. ft.) with upscale finishes such as granite countertops, wood-style flooring and walk-in closets. The development also features a fitness center, playground, basketball court and clubhouse.

“Rock Creek is uniquely located to benefit from the Vancouver waterfront development and the strong market fundamentals in the Portland MSA,” said HZ Managing Director David Nelson in a press release.

Read more at Vancouver Business Journal



October 12, 2016

U.S. Economy Added 156,000 Jobs in September

Employers added 156,000 positions in September, the Labor Department reports, enough to accommodate new workers in the labor force and attract those who dropped out after the recession. The unemployment rate, which had been flat at 4.9% since June, increased slightly to 5.0%. The New York Times attributes this growth to more people drawn into the labor force and notes the current expansion shows little prospect of ending abruptly.

Read more at The New York Times



October 10, 2016

BLS Employment Situation: September 2016

Total nonfarm payroll employment increased by 156,000 in September, and the unemployment rate increased slightly from 4.9% to 5.0%, the U.S. Bureau of Labor Statistics reported October 7th. Employment gains occurred in professional & business services and healthcare.

 

Read more at BLS.gov



September 19, 2016

HZ Sells Arches at Hidden Creek Apartments for $55 million

Hamilton Zanze completed the $55 million sale of Arches at Hidden Creek, a 432-unit multifamily community located at 1586 W. Maggio Way in Chandler, AZ.

CBRE’s Phoenix office negotiated the transaction. The seller was a venture between Hamilton Zanze of San Francisco, CA and New York, NY-based New York Life Real Estate Investors, on behalf of institutional clients. The buyer was Seattle, WA-based Security Properties.

“Arches at Hidden Creek is located just one mile east of the Price Road Corridor, the Valley’s largest and most established high-tech employment corridor. This location positions the community to capitalize on strong demand for multifamily housing in the Chandler submarket,” said CBRE’s Sean Cunningham.

Built in 1985, Arches at Hidden Creek is a garden-style community featuring all two-story buildings and a desirable low-density site plan. Community amenities include four swimming pools, a resident clubhouse and a fitness center. The community recently received upgrades to the clubhouse, fitness center and other community areas. Individual residences feature well-appointed kitchens, spacious walk-in closets, washer/dryers, fireplaces, and private patios/balconies.

Read more at AZ Big Media



September 12, 2016

HZ Sells Multifamily Portfolio in Tucson

HZ sold a five-property multifamily portfolio in Tucson for an undisclosed sum. The communities contain 1,004 units totaling 686,314 square feet.

The transaction includes the 160-unit Hampton Park, the 254-unit San Mateo, the 152-unit Solano Springs, the 310-unit Lakeside Apartments and the 128-unit Highland Apartments. The latter property is situated in Sierra Vista, while the rest are located in Tucson.

The portfolio features an average occupancy rate of 94%. The properties were all constructed between 1973 and 1985.

This is buyer Monarch Investment & Management Group’s first purchase in Arizona. Cindy Cooke and Brad Cooke of Colliers International represented the seller, Hamilton Zanze, in this transaction.

Read more at REI Business Online or see more coverage of this transaction at AZ Big Media