HZ News

Stay up to date on news about HZ and our markets.

HZ News

December 31, 2020

Two headquarter destinations mark Williamson County’s biggest 2020 property sales

Hamilton Zanze’s acquisition of Commonwealth at 31 was sixth on The Tennessean’s list of Williamson County’s biggest 2020 property sales.

Read the full article at Tennessean.com



December 29, 2020

Hamilton Zanze Receives $23.4 Million Refi for Utah Property

MEDIA CONTACT:
Nicole Marshall, Curated Communications
Nicole@curatedcommunications.com | (504) 644-7335

RIVERDALE, UTAH – January 14, 2021 – San Francisco-based real estate investment firm Hamilton Zanze (HZ) has secured a $23.4 million Fannie Mae loan through Berkadia’s San Francisco office for the refinancing of the 226-unit Cherry Creek Apartments in Riverdale, UT (Salt Lake City metro). The fixed-rate loan has a 10-year term with eight years of interest-only payments.

The company acquired the property in 2012 from Thompson Michie Associates, LLC. The property has undergone approximately $2.5 million in renovations, including extensive exterior upgrades and unit renovations. Moving forward, $3.2 million of additional exterior and interior upgrades are planned.

“After identifying additional upside in the property, refinancing Cherry Creek was an easy decision,” said Anthony Ly, a director on the HZ transactions team. “Proceeds from the refinance will allow us to further improve the asset and return capital to our investors.” 

The garden-style apartments are located just outside of Ogden, Utah, a short drive from the state capital of Salt Lake City. Cherry Creek Apartments are just 10 minutes from Hill Air Force Base, Weber State University, and Ogden Regional Medical Center. Residents enjoy easy access to the nearby Golden Spike Park and Newgate Mall, as well as grocery stores, restaurants, and major retailers.

To learn more about Cherry Creek Apartments, please visit www.cherrycreekapts.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 throughout the U.S. The company currently owns and operates 88 properties (21,162 units) across 15 states. For additional information, visit www.hamiltonzanze.com



December 2, 2020

Hamilton Zanze Sells Bradford Pointe in Austin, Texas

AUSTIN, TX – December 2, 2020 – San Francisco-based real estate investment firm Hamilton Zanze sold Bradford Pointe Apartments in Austin, TX on November 24, 2020. The transaction marks the company’s seventh sale in Austin since 2014.

“Austin continues to gain momentum from the number of tech companies establishing headquarters in the metro,” said Anthony Ly, director of dispositions at Hamilton Zanze. “The sale of Bradford Pointe capitalized on this continued momentum. We are delighted with how smooth this transaction played out and the great outcome for our investors.”

The firm purchased the garden-style property in 2015. During their ownership, Hamilton Zanze improved resident amenities, repaired retaining walls and asphalt, installed a dog park and community garden, and added an Amazon package hub to improve leasing efforts and increase rental rates. At the time of sale, Bradford Pointe was 95% occupied.

Bradford Pointe was built in 1984 and is located at 11701 Metric Boulevard. The property comprises 264 one- and two-bedroom units averaging 638 square feet. Units feature upgraded appliances, wood-style flooring, resurfaced countertops, ceiling fans, and air conditioning. Select units include private patios or balconies, vaulted ceilings, and in-unit washers and dryers. Community amenities include a clubhouse and fitness center, two swimming pools and a hot tub, outdoor kitchen, iMac business center, and playground.

Bradford Pointe is located in the North Central Austin submarket of the Austin metro area 11.5 miles (16-minute drive) north of Downtown Austin, providing direct access to major employers, entertainment, and The University of Texas at Austin. Despite stay-at-home orders brought on by the coronavirus pandemic, the metro economy has started to rebound as unemployment rates continue to decrease. Occupancy in the submarket registered 94.5% and demand in the Austin metro outpaced supply 13,484 units to 12,021 units as of Q3. Austin saw population growth of 14.7% from 2014 to 2019, the second-fastest growth rate in the nation. After the effects of the pandemic subside, economic and job growth are projected to continue in the metro.

________________________________________________________________________________________________

ABOUT HAMILTON ZANZE
Hamilton Zanze 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 $4.7 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 89 properties (21,469 units) across 15 states. For additional information, visit www.hamiltonzanze.com

 



October 31, 2020

Podcast: Multi-Family Investing 101 | Street Smart Success

Our CEO Mark Hamilton spoke to Roger Becker, host of Street Smart Success, to discuss the ins and outs of real estate investing.

Check out the full episode below and visit StreetSmartSuccess.com for more episodes of the podcast.



October 16, 2020

Hamilton Zanze Sells Fountains at Steeplechase in Texas

DALLAS, TX – October 16, 2020 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Fountains at Steeplechase in Plano, TX (Dallas market). The firm purchased the garden-style property in 2013 and the sale closed on October 9, 2020.

Fountains at Steeplechase was built in 1985 and is located at 7301 Alma Drive. During their ownership, Hamilton Zanze replaced the roof, upgraded windows, improved resident amenities, including the installation of a dog park, and added a model unit to improve leasing efforts and increase rental rates.

The property comprises 368 units with upgraded appliances, new flooring, resurfaced countertops, and upgraded hardware. Steeplechase’s one- and two-bedroom units average 857 square feet for a total of 315,368 rentable square feet. Community amenities include a clubhouse and fitness center, outdoor pool and fire pit, business center, playground, and dog park.

“We acquired the property in 2013 from Aimco and carried out major renovations and unit upgrades,” said Anthony Ly, director of dispositions at Hamilton Zanze. “We initially implemented a business plan that focused on stabilizing occupancy and operations. However, Plano’s incredible growth during our hold period allowed us to capitalize on unit upgrades to boost rents.”

Fountains at Steeplechase is located in the Plano submarket of the Dallas/Fort Worth metro area. Despite stay-at-home orders brought on by the coronavirus pandemic, occupancy in Plano registered 94.5% and demand in the Dallas metro outpaced supply 9,614 units to 6,936 units as of Q3 2020, according to RealPage Analytics. After the effects of the pandemic subside, economic and job growth are projected to continue in Dallas. Fountains at Steeplechase is located along U.S. Route 75, providing direct access to major employers and entertainment in Downtown Dallas.

________________________________________________________________________________________________

ABOUT HAMILTON ZANZE
Hamilton Zanze 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 $4.7 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 89 properties (21,380 units) across 15 states. For additional information, visit www.hamiltonzanze.com

 



October 13, 2020

10 Tax Advantages of Real Estate Investments

Strategic planning for real estate investments can help real estate investors realize several generous income tax benefits, including preferential capital gains rates and the ability to defer tax to later years — and in some cases, avoid the tax altogether.

Hamilton Zanze partnered with CLA, the eighth-largest accounting firm in the U.S., to produce a white paper examining 10 of the tax benefits of strategically investing in multifamily real estate that can often go overlooked, from 1031 exchanges to charitable gifting. Download the white paper to read more. 



October 12, 2020

Aaron Wessner Joins Hamilton Zanze as Managing Director

San Francisco, CA – October 12, 2020 – Aaron Wessner has joined Hamilton Zanze Real Estate Investments (HZ) as a Managing Director.

“Aaron’s experience and background will be an asset to HZ as we expand our East Coast footprint,” said HZ Chief Investment Officer and President Kurt Houtkooper. “His skills and knowledge are a unique fit for our company and goals for growth, and we look forward to his leadership at HZ.”

As a senior member of the capital markets team, Wessner will be working with HZ’s various equity and debt partners. Based in New York City, he will lead HZ’s East Coast presence by coordinating acquisitions, dispositions, and client relationships in the eastern United States.

“I’m excited to join Mark, Tony, Kurt, and team in the continued growth and success of Hamilton Zanze,” Wessner said. “I look forward to working with our current and future investment partners in establishing the firm’s East Coast presence.”

Wessner’s background includes over 20 years of institutional commercial real estate experience. Prior to joining HZ, he was a Managing Director with New York-based Cantor Fitzgerald, where he focused on equity and debt capital markets, acquisitions of multifamily and other real estate assets, and structured finance. Prior to Cantor, he worked within Merrill Lynch’s Real Estate Capital Markets group as well within the Commercial Mortgage-Backed Securities (CMBS) groups of Fitch Ratings and Ernst & Young.

He received his M.B A. from the University of Florida and a Bachelor of Arts from the University of Miami.

________________________________________________________________________________________________

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 $4.7 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 89 properties (21,380 units) across 15 states. For additional information, visit www.hamiltonzanze.com



October 6, 2020

Webinar: Three Ways to Personally Invest in Technology and Real Estate

HZ’s Managing Director of Investor Relations Sean Luthy was recently featured as a panelist in a webinar discussing ways to personally invest in technology and real estate. 

Check out the webinar video below and visit the AIM 2020 Webinar Recap web page for more notes and information about the event and speakers.



August 20, 2020

Hamilton Zanze Sells Highpointe Park Apartment Homes in Colorado

DENVER, CO – August 20, 2020 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Highpointe Park Apartment Homes in Thornton, CO (Denver metro market). The firm purchased the garden-style property in 2016 and the sale closed on August 13, 2020.

Highpointe Park Apartment Homes was built in 2013 and is located at 9701 Pearl Street. The property comprises 220 units across eight residential buildings with fully equipped kitchens, stainless steel sinks, patios, and balconies. Highpointe Park’s one-, two-, and three-bedroom units average 940 square feet for a total of 206,895 rentable square feet. Community amenities include a clubhouse and leasing center, fitness center, outdoor pool and fireplace, spa, and a dog park.

“Since acquiring the property in 2016, we were able to increase occupancy and optimize rents,” said Anthony Ly, director of dispositions at Hamilton Zanze. “We are thrilled with the execution of the sale in this uncertain environment. The marketing process was unique in that it required minimal disruption to residents. We are grateful for the CBRE Denver team’s efforts, which helped us deliver a great outcome to our investors and add to our strong Colorado track record.”

During their ownership, Hamilton Zanze installed energy-saving LED lights and improved resident amenities, upgrading the dog park and adding barbecue grills and cabanas.

Highpointe Park is located in Denver’s Thornton/Northglenn submarket, where rent growth has been constant due to the submarket’s affordability and lack of new construction. Colorado was one of the first states to lift stay-at-home orders due to COVID-19, and the economy has started to rebound with unemployment claims decreasing. Highpointe is just 11 miles north of Downtown Denver, home to some of the metro’s largest employers, including Boeing, Pepsi, and Kraft.

________________________________________________________________________________________________ 

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 89 properties (21,380 units) across 15 states. For additional information, visit www.hamiltonzanze.com



July 8, 2020

REFI US: Real estate firms join the conversation on racial injustice and systemic racism in the US

HZ Co-Founder Mark Hamilton recently had the chance to weigh in on this important topic with Real Estate Fund Intelligence (REFI) magazine. Take a look at this great story reflecting on the room for us all of us to improve across the investment industry at refi.global