Delivering Results.

We are real estate practitioners who use our expertise to deliver results for our investors.

A Superior Reputation

Our Advantages

Since our founding in 2001, our focus has been multifamily investing. We seek opportunities where we can improve performance, generate distributable cash flow, protect investor principal, and achieve appreciation.

Real Estate
Expertise

We have depth of experience in multifamily acquisitions, dispositions, financing, asset management, property management, risk management, and construction management.

Industry Relationships

Our relationships with owners, lenders, brokers, and property managers give us marketplace advantages. We are preferred borrowers with Fannie Mae and Freddie Mac.

Alignment of Interests

We align our interests with those of our investors. HZ principals make material investments in every property we acquire.

Hands-On Apartment Operators

Our asset managers diligently monitor property performance, looking for opportunities to improve net operating income and value.


Our Markets

An Expanding Footprint

.
city name: Eugene
city description: The tremendous growth of the University of Oregon, the healthcare sector, and the tech industry have helped diversify Eugene's economy away from traditional industries, such as lumber and other resource-based manufacturing. The abundant cultural/recreational amenities and relatively low cost of living makes Eugene a desirable place to live.
city cta:
city cta url:
.
city name: Colorado Springs
city description: The metro's economy is driven by a mix of manufacturing, financial services, high-tech, tourism, non-profit organizations, and a large military presence. The city's Foreign Trade Zone allows foreign or domestic businesses to transact without being subject to U.S. Customs duties or examinations. The University of Colorado at Colorado Springs is a regional research university with approximately 13,000 students.
city cta:
city cta url:
.
city name: Salt Lake City
city description: Additionally, Salt Lake City has a a pro-business regulatory environment, offering businesses low operating costs, low business taxes, the lowest worker’s compensation costs in the nation, young and educated workforce, and a developed utility, communications, education, and transportation infrastructure. Salt Lake City has demonstrated economic vitality consistently throughout economic cycles.
city cta:
city cta url:
.
city name: Denver
city description: With its desirable location, entrepreneurial environment, robust infrastructure, and talented workforce, Denver has seen job growth continue to flourish across income levels and geographically around the metro area. The top economic sectors in the metro are trade/transportation/utilities, technology, professional/business services, government, and education/health services.
city cta:
city cta url:
.
city name: Fort Collins
city description: Fort Collins' economy is well balanced with a good mix of manufacturing and service-related businesses. The metro offers strong school districts and ample employment opportunities in a high-tech economy. Additionally, the presence of Colorado State University provides economic stability with an enrollment of nearly 33,000 students and over 1,500 faculty members.
city cta:
city cta url:
.
city name: Las Vegas
city description: Las Vegas's economy is fueled by the tourism industry, attracting domestic and international travel its developed infrastructure for hospotiality and entertainment. Recent gains in the education/health services and professional/business service sectors have helped to diversify the economy. Las Vegas is also a retirement destination and benefits from the growing population of retiring baby boomers.
city cta:
city cta url:
.
city name: Reno
city description: The metro’s business-friendly environment, educated workforce, and strategic location for distribution have attracted companies such as Microsoft, Apple, Amazon, Tesla, Walmart, and Barnes & Noble. The lack of state-imposed corporate and personal income taxes has helped Reno attract back-office technology and data centers, as well as employers in logistics, food processing, and clean energy.
city cta:
city cta url:
.
city name: Boise
city description: Several Fortune 500 companies have a presence in Boise. Boise has a pro-business regulatory environment with relatively low operating costs, low business taxes, and low income taxes. Major industries include agriculture, technology, healthcare, transportation, tourism, and retail. Idaho is also known for its many national parks, reserves, wildlife refuges, conservation areas, and recreational activities.
city cta:
city cta url:
.
city name: Seattle / Tacoma / Olympia
city description: The overall economy is supported by global economic growth benefitting the area’s ports, aircraft industries, and high-tech companies. A well-educated workforce, relatively high incomes, absence of income taxes, and positive population trends are supportive of long-term, strong, and stable growth in this Pacific Northwest region.
city cta:
city cta url:
.
city name: Portland
city description: The metro benefits from a young, educated workforce and a large concentration of manufacturing jobs. Intel and Nike, as well as other industry leaders have a large presence in the metro. Portland has attracted major global businesses due to its location, favorable demographics, and absence of sales tax.
city cta:
city cta url:
.
city name: San Antonio
city description: The San Antonio economy is underpinned by the healthcare, government/military, tourism, and energy sectors. It is also a trade hub due to its proximity to the Port of Houston and direct access to the Mexican port of Lazaro Cardenas — over half of the trade flow between the U.S. and Mexico travels through San Antonio. These anchors can provide stability during economic downturns.
city cta:
city cta url:
.
city name: Dallas
city description: Dallas’ economy benefits from an appealing mix of employment sectors: logistics/trade, technology, professional, financial, and business services. The metro has an expanding corporate footprint, with 17 of the Fortune 500 companies and over 30 Fortune 1000 companies located here. The diverse economy continues to fuel job and population growth.
city cta:
city cta url:
.
city name: Houston
city description: Houston is known as the “Energy Capital of the World,” with over 3,700 companies in the oil and gas industry located in the metro. Non-energy sectors, such as financial services, healthcare, and technology, are also well represented. Its business-friendly climate attracts entrepreneurs, particularly in the energy and technology industries throughout the metro (24 Fortune 500 companies are headquartered here).
city cta:
city cta url:
.
city name: Austin
city description: The metro benefits from a young, educated workforce. Due to a sizable influx of companies relocating operations to Austin, high-growth, high-income jobs have surged, including those in life sciences, advanced manufacturing, clean technology, and software and digital media. Austin's large public sector helps stabilize employment during down cycles and is consistently a major source of employment.
city cta:
city cta url:
.
city name: Phoenix
city description: Phoenix has demonstrated strong population growth and an entrepreneurial environment, attracting new companies and residents. The growing economy stems from strong education/health services, financial activities, leisure/hospitality, and technology sectors.
city cta:
city cta url:
.
city name: Tucson
city description: Tucson is Arizona’s second-largest city and a major transportation and logistics hub. The metro is known for its concentration of aerospace and defense companies, medical industries, and transportation and logistics assets. The University of Arizona is one of the nation’s top research institutions. Tucson has the most startups nationally for a city its size.
city cta:
city cta url:
.
city name: Albuquerque
city description: Albuquerque has relatively stable economic drivers, as its largest employer is the Kirtland Air Force Base, and it is home to the University of New Mexico, a major public university. Notable industries include: aerospace and defense, energy technology, and semiconductor/computer chip manufacturing.
city cta:
city cta url:
.
city name: San Francisco
city description: HZ Headquarters
city cta:
city cta url:
.
city name: Atlanta
city description: Atlanta’s strengths stem from a business‐friendly environment, vast transportation and manufacturing infrastructure, and an educated workforce. Economic gains, bolstered in part by numerous corporate relocations, have pushed job growth levels into strong territory. Job growth has led to high occupancy and strong rent growth for the apartment market.
city cta:
city cta url:

Laying the Groundwork

Acquisition Criteria

Our acquisition strategy focuses on identifying opportunities where we can add value, such as through unit upgrades, major capital projects including green initiatives, new management, and new capitalization.

We typically seek properties that are:

  • Class B or better
  • 1985s vintage or newer
  • Garden-style communities in infill locations, which tend to have high barriers to new development
  • Underperforming or undermanaged with attractive acquisition capitalization rates
  • Located in U.S. markets with strengthening long-term employment and population trends
  • Able to be purchased with intermediate to long-term financing, with leverage up to 75% loan-to-value

How It Works

We begin each investor relationship by first understanding your individual investment objectives. To invest with HZ, you must be an accredited investor.

Review Your Objectives

During an initial meeting or call, we give you a thorough overview of our company, investment portfolio, and available investment opportunities and evaluate the suitability of this investment for your immediate goals.

Make an Investment

When you invest, we will coordinate your acquisition paperwork and funding. Our investment offerings can vary from a private standalone investment to a multi-property portfolio investment or multi-property fund. We are not paid commissions, so there is never any sales pressure.

Receive Distributions

Generally, our properties distribute cash flow to investors monthly or quarterly through direct deposit (ACH). The distribution amount may change based on property performance.

Keep Up-to-Date

During the ownership of the property, we will provide you tax documents, property updates, distribution statements, and notification of new investment opportunities via our investor portal or by email.

1031 EXCHANGE OPTION

With most of our investments, you have the option to exchange your sale proceeds on a tax deferred basis into a new acquisition with HZ through a Section 1031 exchange.


Industry Integration

Mission Rock Residential

Mission Rock Residential (MRR) was created by HZ and MRR principals to perform onsite and offsite property management using a streamlined platform for more management uniformity and better execution across our markets.

Learn More
Graham Street Realty

Graham Street Realty is an SF Bay Area-based commercial real estate company created by HZ principals to invest in commercial properties with a focus on improving asset values.

Learn More
Paramount Property Company

Paramount Property Company is an SF Bay Area-based independent commercial property management company created by HZ principals. Its mission is to maximize return on investment while delivering the highest quality of care and service to investors, tenants, and team members.

Learn More

Let's Talk

Get in Touch

We make it straightforward for accredited investors to invest in high-quality multifamily real estate.
Find out what we can do for you.