HZ News

Stay up to date on news about HZ and our markets.

HZ News Press Release

January 5, 2018

Multifamily Investor Hamilton Zanze Acquires Bella Springs Apartments In Colorado Springs

The Tuscan-styled property includes 311,114 net rentable square feet across 664 units in 21 three-floor residential buildings.

San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 364-unit Bella Springs Apartments apartment community in Colorado Springs.

The purchase marks the firm’s 13th acquisition in the Colorado Springs metro. With this latest acquisition, the firm now owns and operates five properties in the market, including Resort at University Park Apartment Homes, Broadmoor Ridge Apartment Homes, Mountain View Apartment Homes, The Knolls at Sweetgrass Apartment Homes, and now Bella Springs Apartments.

“Bella Springs presented a true value-add opportunity located in a favorable submarket,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “The asset offers a desirable mix of one-, two-, and three-bedroom units with direct access garages, which fits very well with the demographic and demands in the Colorado Springs market.”

Built in 2002, Bella Springs had a 96% occupancy rate at the time of purchase. The community is located at 1050 Milano Point in the desirable Northgate submarket of Colorado Springs, less than six miles from the U.S. Air Force Academy. The Tuscan-styled property includes 311,114 net rentable square feet across 21 three-floor residential buildings. The units range from 633 to 1,348 square feet with 9’ ceilings. Community amenities include a state-of-the-art fitness center, coffee lounge, clubhouse, hot tub and swimming pool with mountain views, barbecue grills, and an outdoor fire pit.

HZ will execute interior renovations on the remaining 82 non-renovated two- and three-bedroom units and enhance the property’s amenity package by improving the pool area and adding a dedicated dog park.

Additionally, management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

To learn more about Bella Springs Apartments, please visit http://bellaspringsapts.com/.

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 $3.2 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. For additional information, visit http://www.hamiltonzanze.com.



November 8, 2017

Bay Area Investor Hamilton Zanze Acquires Englewood’s Oxford Station Apartments

The company purchased the 238-unit Oxford Station residential community for $60 million.

Hamilton Zanze (HZ), a San Francisco-based real estate investment company, has acquired the 238-unit Oxford Station residential community in Englewood, Colorado for a purchase price of $60 Million.

The property consists of two large, 5-story buildings with a total of 182,991 net rentable square feet across a mix of studio, one, and two bedroom units. Unit occupancy was 96% at the time of the transaction. Designed for luxury, the community offers a state-of-the-art fitness center with virtual workout classes, a sky-level entertainment lounge; a social lounge; a zen lounge; a pet washing station and dog park; on-site secure storage; enclosed bicycle parking; a pool with hot tub and barbeque area; an outdoor gaming area; bike, ski, and board repair station; and structured parking, all against mountain backdrop.

“Oxford Station offered a unique opportunity to buy a phenomenally-built product with modern amenities at an attractive basis. The property is located adjacent to a light rail station, providing residents with convenient access to Downtown Denver and an ever-expanding rail network. CBRE, specifically David Potarf, exceeded our expectations and we look forward to working on our next deal together soon,” said David Nelson, the Managing Director of Acquisitions for Hamilton Zanze.

The property, located at 4101 S. Navajo Street, was originally opened just over one year ago in 2016, and developed by Littleton Capital Partners. Given its immediate adjacency to the popular RTD Southwest Light Rail line, the property has maintained high occupancy levels since opening. Management of the community has also been transitioned to Hamilton Zanze partner Mission Rock Residential, a Denver-based company.

This is one of seven properties now held by Hamilton Zanze across the Metro Denver region, and the first in Englewood. Additional HZ properties in Denver include Platte View Landing, The Vistas at Stony Creek Apartments, Belle Creek Apartment Homes, Highpointe Park Apartment Homes, The Diamond at Prospect Apartments, and Harvest Station.

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 $3.2 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 84 properties (18,425 units) across 10 states. For additional information, visit http://www.hamiltonzanze.com.



October 27, 2017

Bay Area Investor Hamilton Zanze Acquires San Antonio’s Quarry Townhomes

San Francisco-based real estate investment company, Hamilton Zanze, has acquired the 150-unit Quarry Townhomes in San Antonio.

Hamilton Zanze (HZ), a San Francisco-based real estate investment company, has acquired the 150-unit Quarry Townhomes in San Antonio, continuing a steady streak of investment in the fast-growing Texas market. The purchase was finalized at the end of September.

The property is located on 6.5 acres in the Alamo Heights submarket of San Antonio and consists of 175,872 net rentable square feet across a mix of one-, two- and three-bedroom units. Unit occupancy was 89% at the time of the transaction.

“Quarry Townhomes is a unique property within the Alamo Heights submarket of San Antonio, located within walking distance of an abundance of high-end retail and entertainment, including the Quarry Golf Club, Alamo Quarry Market, Whole Foods, and Trader Joe’s,” said David Nelson, Managing Director of Acquisitions for Hamilton Zanze. “The asset offers large, townhome-style units with direct access garages, giving this multifamily asset a single-family home feel.”

Hamilton Zanze plans to undertake improvements at the property including interior unit remodels, clubhouse and courtyard renovations, and exterior aesthetic updates. Management of the community has also been transitioned to longtime Hamilton Zanze partner Mission Rock Residential.

This is the sixth property now held by the firm in San Antonio, all acquired in the last two years. The other HZ properties in the market include The Niche Apartments, Meridian Apartments, The Enclave at 1550 Apartments, Salado Springs Apartments, and BLVD at Medical Center Apartments.

To learn more about the Quarry Townhomes please visit http://www.quarrytownhomes.com.

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. The company currently owns and operates 85 properties (18,065 units) across 10 states. For additional information, visit http://www.hamiltonzanze.com.



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.