ST. LOUIS – April 20, 2020 – San Francisco-based real estate investment firm Hamilton Zanze (HZ) acquired the 170-unit Steelyard & IceHouse Apartments (Steelyard) in St. Louis, MO on April 10th. The purchase marks the firm’s fifth acquisition of the year, second property in St. Louis, and first self-sponsored Delaware Statutory Trust (DST).
Steelyard is a Class A, mid-rise community located in Downtown St. Louis. The developer, LuxLiving, first renovated a 1924 warehouse (The IceHouse) in 2016 to create 42 desirable lofts with open-concept floorplans and state-of-the-art amenities. An additional 128 units (The Steelyard) were built on a neighboring lot formerly home to several small warehouses and industrial structures. The community offers a mix of luxury studios, one-, two-, and three-bedroom units averaging 784 square feet in size with desirable amenities including smart home technology.
“Steelyard & IceHouse provided us an attractive opportunity to buy a new property in the up-and-coming neighborhood of Soulard,” said David Nelson, Hamilton Zanze’s managing director of acquisitions. “The property features a robust amenity package, prime location near Downtown St. Louis, and offers residents the quality of life provided by the city’s energetic urban core. As this is our second acquisition in the metro within the last six months, we are excited about our continued growth in the region.”
High-end community amenities include a saltwater swimming pool and hot spa, poolside bar, snack bar, barbecue and lounging area, dog park and washroom, rooftop entertainment and observation deck, fitness center, and concierge service. Property management responsibilities have been transferred to affiliated company Mission Rock Residential.
Steelyard is located in Downtown St. Louis and in 2018, ranked as one of the top 100 cities for business and careers, as well as education. The metro is largely supported by the healthcare industry and is home to several hospitals and medical centers, including top ranked St. Louis Children’s Hospital. Other notable area employers include Anheuser-Busch, BJC HealthCare, SSM Health, Mercy Hospital St. Louis, Boeing, and Washington University in St. Louis.
To learn more visit www.steelyard-stl.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 $4.6 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 87 properties (21,381 units) across 15 states. For additional information, visit www.hamiltonzanze.com.