Hamilton Zanze’s acquisition of Post Ridge Apartments and 865 Bellevue was recently featured in the Cision PR Newswire:
San Francisco-based real estate investment firm Hamilton Zanze (HZ) has acquired two apartment communities, Post Ridge Apartments and 865 Bellevue, in Nashville. The deals mark the company’s first entry into the Tennessee market and ongoing regional expansion in the eastern United States.
Built in the early 1970s, 865 Bellevue comprises 326 rentable units. The preliminary renovation plans for the property include modernizing walls and ceilings, resurfacing countertops, adding new flooring, and updating lighting throughout. Amenities such as the pool area, the fitness center, and the clubhouse will also be enhanced.
Post Ridge Apartments is located at 595 Hicks Road and comprises 150 two- and three-bedroom units averaging 1,489 square feet each. The property is just one mile from the One Bellevue Place development, which will be one of the largest mixed-use districts in Nashville once completed.
Nashville has seen a meteoric rise in recent years, in both population and economic activity. The market is defined by a diverse economy, low costs of living and doing business, a creative culture, and a well-educated population.
Read the full article at Cision PR Newswire.