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HZ News Hamilton Zanze Buys Suburban Kansas City Community

March 8, 2019

Hamilton Zanze Buys Suburban Kansas City Community

Hamilton Zanze’s acquisition of The Boulders at Overland Park was recently covered by Multi-Housing News:

Hamilton Zanze has acquired Metcalf Village Apartments the Kansas City suburb of Overland Park, Kan., from a private owner. The 272-unit apartment community, which will be rebranded The Boulders at Overland Park Apartments, changed ownership for $40.4 million, according to data provided by Yardi Matrix.

Property management responsibilities will be assumed by Mission Rock Residential, a Hamilton Zanze affiliate company expanding on its Midwestern presence.

Located at 16201 Travis St., the property is situated close to Highway 69 and within the Blue Valley School District, one of the best-performing school districts in the nation.

“This community represented a great opportunity to buy new, stabilized product below replacement cost thanks to robust local market momentum,” said David Nelson, Hamilton Zanze managing director of acquisitions, in prepared remarks. “Overland Park has been a target market for our acquisitions team, and we are excited to have found a perfect acquisition to fit our criteria.”

Read the full story at MultiHousingNews.com and see more acquisition coverage at GlobeSt.com