HZ News

RICHMOND, Va. – May 17, 2022 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Copper Mill Apartments in the desirable Northwest Richmond submarket of the Richmond metropolitan area. The firm purchased the property in 2018 and the sale closed on May 10, 2022.

During their ownership, Hamilton Zanze completed numerous exterior improvements and landscaping improvements, and renovated unit interiors and amenities to improve leasing efforts and increase rental rates.

“Copper Mill was one of the first assets we acquired in the Northeast. This sale represents our first full cycle investment in the state of Virginia.” said Anthony Ly, senior director of dispositions at Hamilton Zanze. “We are pleased to have executed on our business plan which included improving management and upgrading unit interiors and ultimately allowing HZ to deliver a solid return to our investors.”

Copper Mill was built in 1987 and is located at 3400 Copper Mill Trace in Richmond, Virginia. The property comprises 192 one- and two-bedroom units averaging 826 square feet. The community features a swimming pool, fitness center, tennis court, volleyball court, car wash area, and a beautiful lakeside setting.

Copper Mill is located along U.S. 250, a key thoroughfare, and near interstates 64 and 295, providing residents easy access to Downtown Richmond, Short Pump, Washington D.C., and Virginia Beach. The property is also 19.6 miles (22-minute drive) northwest of Richmond International Airport. The Richmond metro area economy is primarily driven by diverse employment in education, healthcare, finance, and government sectors. Nearby academic and research institutions like the University of Richmond and Virginia Commonwealth University continue to supply the metro with a young, educated workforce.

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 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 $5.8 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 132 properties (22,821 units) across 17 states and 30 markets. For additional information, visit www.hamiltonzanze.com.

HZ’s Founding Principal and Co-Chair, Mark Hamilton, joined Elevate with Tyler Chesser to discuss timeless real estate wisdom, covering Mark’s inspiring story of growing his real estate portfolio, how to navigate a 1031 exchange, how to evaluate opportunities and risk, and much more.

Check out the full episode below or on Spotify.

BALTIMORE, MD – May 5, 2022 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 304-unit Jefferson Square at Washington Hill apartment community in Baltimore, Maryland. Cushman & Wakefield and Falconvest Partners facilitated the transaction.

The purchase marks the firm’s 12th acquisition in the state of Maryland. With this latest acquisition, the firm now owns and operates five properties in the Baltimore market, including Arbor Ridge, Point at Winterset, Preserve at Cradlerock, Timbers at Long Reach, and now Jefferson Square at Washington Hill.

“We are excited to expand our presence in Maryland with the purchase of Jefferson Square at Washington Hill,” said David Nelson, Hamilton Zanze’s chief investment officer. “The 2014 asset features favorable amenities, convenient location near employers like The Johns Hopkins Hospital, and close proximity to an abundance of retail and entertainment in Downtown Baltimore.”

The community is located at 101 North Wolfe Street in the desirable Downtown Baltimore submarket of the Baltimore metropolitan area. The property is located just under two miles from the heart of Downtown Baltimore and a seven-minute walk from Johns Hopkins Hospital, which employees over 30,000 people. The property includes 304 units in one five-story residential building. The units average from 850 square feet with 35 different floor plans. Community amenities include a gaming room, fitness center, resort-style swimming pool and sundeck, and a two-story lobby with a grand staircase.

HZ’s capital improvements plan includes amenity, building and site improvements, an interior unit renovation campaign, and environmental upgrades. Additionally, management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

To learn more about Jefferson Square at Washington Hill, please visit https://www.jeffersonsquareapartments.com/.

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 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 $5.8 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 132 properties (22,821 units) across 17 states and 30 markets. For additional information, visit www.hamiltonzanze.com. 

APRIL 21, 2022 – SAN FRANCISCO – As the company enters in its third decade, San Francisco-based real estate investment firm Hamilton Zanze (HZ) is pleased to announce a series of important leadership shifts. This next stage comes on the heels of an exceptional year, in which the company acquired more than $1 billion in multifamily properties in the 12-month period.

After leading the company’s investment efforts for more than a decade, company president Kurt Houtkooper today accedes to the role of Chief Executive Officer. Houtkooper joined Hamilton Zanze in 2003, just two years after its founding, and has since been instrumental in shaping the organization. He assumes the title of CEO from Mark Hamilton, a Founding Partner of the company who remains highly engaged in HZ’s senior ranks.

“Kurt has led our investment activity from the early days and has deep regard with our staff, our investors, and our broader real estate partner and brokerage community,” said Hamilton. “His transition to CEO is natural for our continued success. We are lucky to have him at the helm.”

In addition to his day-to-day investment direction role, Houtkooper has been instrumental in the organization’s recent launch of its first discretionary fund, a $50 million fund now allowing the all-star HZ team to invest in unique deals with more agility.

“By expanding our investment offerings to include this new discretionary fund alongside our individual property-based deals, we are growing significantly as we welcome additional institutional investors and investment advisory groups as partners,” said Houtkooper. “Not only is our first discretionary fund nearly fully subscribed, but our team is actively developing additional fund offerings to be launched in the near future as well.”

Along with the CEO transition, the company welcomes six additional new partners from within its leadership ranks. These longtime HZ team members are now vested in ownership alongside Houtkooper, Hamilton, and Tony Zanze:

• Tim Bruss, Managing Director of Asset Management Tim joined HZ in 2010. As the head of asset management, he focuses on the operations of the properties, driving net operating income, and the execution of business plans. Tim earned a degree in Engineering from Lafayette College and an M.B.A. from the University of Wisconsin, Madison. His credentials include a Certificate in Sustainable Design from the New Jersey Institute of Technology and LEED accreditation. Tim lives in the Bay Area.

• Ashlee Cabeal, Chief Financial Officer Ashlee joined HZ in 2010 as an intern and has thrived in roles in transaction management before rising to CFO in 2019. Ashlee has a B.S. in Accounting, a B.B.A. in Marketing from Loyola Marymount University, and an M.B.A. from the University of California, Davis. She is a Certified Public Accountant in the state of California. Ashlee lives in the Bay Area.

• John Gilmore, Managing Director of Project & Risk Management John joined HZ in 2006, bringing experience as a construction manager, risk manager, and asset manager. At HZ, he specializes in budgeting, project management, risk management, insurance, conservation initiatives, and telecommunications initiatives. He holds a B.S. in Industrial Engineering from California Polytechnic State University and an M.B.A. from Fordham University. He lives in Paso Robles, California.

• Sean Luthy, Managing Director of Investor Relations Sean joined HZ in 2007. Luthy leads the company’s Investor Relations team, responsible for communication with the company’s growing pool of 1,400 investors, providing updates on individual investment opportunities and existing properties. He graduated from Dickinson College with a double major in Economics and Spanish. He lives in Berkeley, California.

• David Nelson, Chief Investment Officer David joined HZ in 2004 and today leads the company’s transactions team, managing the acquisition and disposition pipeline, arranging financing, and working closely with sellers, commercial brokers, and institutional partners to identify and acquire properties. David is a Bay Area native and graduated with a B.A. in English from the University of San Francisco. Today, he resides in Tennessee and has played a significant role in HZ’s growing nationwide presence.

• Todd Williams, Chief Counsel Todd joined Hamilton Zanze as general counsel in 2014. He works with all HZ teams, HZ affiliates and subsidiaries, and outside counsel to steward legal matters, affecting the firm’s day-to-day business and its strategic goals. Originally from Sacramento, Todd completed his undergraduate studies at the University of California, Berkeley and obtained his law degree from the University of the Pacific.

“From our early days laying the groundwork for this company, we have gone on to build additional sister organizations and have expanded geographically beyond our earliest expectations,” said Tony Zanze, Founding Partner. “Under this expanded partnership team – a group who have been at the helm for many years — our investors have assured continuity for many years to come with well-seasoned stars leading the charge across all aspects of our operation.”

Hamilton Zanze celebrated its 20^th anniversary in 2021 and currently operates with a growing team of nearly 60 staff. During the course of the pandemic, the company has shifted to a more decentralized operational model, with leading members located around the country. They also re-entered their home State of California after an extended absence, acquiring a 60-property portfolio from the federal bankruptcy court along with investment partners Graham Street Realty and Davidson Kempner Capital Management. Read more about that transaction here.

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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 $5.8 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 132 properties (22,821 units) across 17 states and 30 markets. For additional information, visit www.hamiltonzanze.com.

SAN ANTONIO, TX. – April 13, 2022 –San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Niche Apartments in San Antonio, Texas. The firm originally purchased the 150-unit, garden-style apartment community was in 2016, and the sale closed on April 5, 2022. The sale of Niche Apartments represents Hamilton Zanze’s second disposition of 2022.

During their ownership, the firm completed numerous exterior improvements, which included renovations to the fitness center, roof replacements, and pool enhancements. Additionally, 54 units were updated with stainless appliances, quartz countertops, and new fixtures to improve the community residents’ quality of life.

“The Niche Apartments’ returns exceeded initial expectations over our projected five-year hold period,” said Anthony Ly, director of dispositions at Hamilton Zanze. “This investment exemplifies our strategy to identify opportunities, invest in and capture upside from multifamily properties through renovations, upgrades, and improved management”.

The Niche Apartments was built in 2000 and is located at 33 Lynn Batts in San Antonio. The property comprises 150 one-, two-, and three-bedroom units averaging 955 square feet. The community has a resort-style pool and spa, a dog park, a fitness center, barbeque and picnic areas, and nature trails.

The Niche is a planned, gated community near Interstate I-410, located in the Oakwell Farms neighborhood in the city of San Antonio just 10-minutes away from the International Airport. Residents have access to its well-maintained facilities including a pool, on-site park, and tennis courts. The neighborhood is roughly 20 minutes away from Downtown San Antonio, putting the amenities and conveniences of the city just a short drive away.

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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 $5.8 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 132 properties (22,821 units) across 17 states and 30 markets. For additional information, visit www.hamiltonzanze.com.

Clarksville, TN – April 8, 2022 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 264-unit Kirkwood Place in Clarksville, Tennessee. The Kirkland Company represented the seller on this transaction. This represents HZ’s ninth acquisition in Tennessee and first in the Clarksville metro.

The property, built in 2020, is located 9.8 miles from Downtown Clarksville and 45 miles from Downtown Nashville. Hamilton Zanze purchased this property off-market through a local broker relationship.

“We are excited to expand our presence in Tennessee with the purchase of Kirkwood Place in Clarksville, TN,” said David Nelson, Hamilton Zanze’s chief transactions officer. “The brand-new asset features favorable amenities, convenient location to near employers, and close proximity to an abundance of retail and entertainment in Downtown Clarksville.”

The community is located at 2934 Dunlop Lane in the Clarksville-Hopkinsville metro area. The 264 units average 1,021 square feet with five different floor plans. Community amenities include an outdoor lounge and grill area, resort-style pool, pet spa and park, and social game room with billiards tables and TVs. Unit amenities include gourmet kitchens with stainless steel appliances, in-unit washer and dryer, private balconies and patios, wood vinyl plank flooring, and quartz countertops.

HZ’s capital improvements will include site improvements, building repairs, amenity improvements, and mechanical, electrical, and plumbing improvements. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

To learn more about Kirkwood Place, please visit www.kirkwoodplaceapts.com.

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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 $5.8 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 132 properties (22,821 units) across 17 states and 30 markets. For additional information, visit www.hamiltonzanze.com. 

Kurt Houtkooper, HZ’s CEO, was recently featured in an article for WealthManagement.com about HZ’s work with Registered Investment Advisors and how it has changed the way we raise equity. 

See the full article here, and see below for a short excerpt.

One of those sponsors is Hamilton Zanze (HZ), a San Francisco-based real estate investment company that has more than 20 years of experience acquiring and operating multifamily assets across the United States. Since its founding in 2001, the firm has acquired roughly $5.3 billion in multifamily assets and currently owns and operates 132 properties across 17 states.

“Earning the trust of anyone who is a sphere of influence can be very impactful for firms looking to raise capital,” says HZ’s CEO Kurt Houtkooper. “It amplifies our reach to people we may not have met otherwise.”

HZ’s Founding Principal, Mark Hamilton, joined the Dwellyn Show to discuss his background, how Hamilton Zanze has grown, and his experience in the Bay Area.

Check out the full episode below or on Spotify.

HZ’s Principal & CEO, Mark Hamilton, joined the Ritter on Real Estate podcast to discuss his background, how Hamilton Zanze came to be, and the ins and outs of the multifamily real estate investment industry from the eyes of someone with 20+ years of experience.

Check out the full episode below or on Spotify.

Toby Costello, a member of the private equity team at Hamilton Zanze, recently authored an article for Wealth Management Real Estate about real estate in a post-pandemic economy. 

See the full article here, and see below for a short excerpt.

Let’s start with the obvious: the world looks different than it did 24 months ago and investor’s assumptions have been severely tested. As we begin to navigate an inflationary period on the heels of the pandemic, investors willing to adapt can capitalize on this new world, though.

It is helpful to understand what has transpired and where we are now. Remote work and school have made our population more “home-centric.” Investors have fewer viable options than before as there has been a flight to quality and a narrowing of acceptable risk tolerance. Consumers are experiencing inflationary pressure due to a perfect storm of supply chain issues, economic stimulus, quantitative easing and general uncertainty. And finally, tax efficient investment strategies are under attack.

Despite all of that, there are still bright spots, namely in the private real estate investment world.