HZ News

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

HZ News

January 24, 2020

Multifamily Investor Hamilton Zanze Acquires Nashville Metro Apartments

Nashville, TN. – January 24, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired Springfield Apartments in Murfreesboro, Tennessee in the Nashville metro area. The transaction closed on January 16th and was the firm’s second acquisition of the year.

The 16-building apartment community, located at 3726 Manson Pike, features units averaging 1,013 square feet with amenities including smart home technology, private balconies, and extra-large closets. Community amenities include a dog park, gaming, saltwater pool, hammock garden, and pub.

“Springfield Apartments provided an excellent opportunity to buy a brand-new property in a great submarket,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “We are confident that the property’s contemporary vintage, amenity package, and prime location in Murfreesboro will provide our residents with the quality of life offered in Nashville’s urban core. We are excited about our continued growth in the region.”

Built in 2018, the 270-unit property was a 97% occupied at the time of purchase. HZ plans to invest in  environmentally friendly upgrades, and property management responsibilities have been transferred to the Denver-based affiliate company Mission Rock Residential.

With this latest acquisition, Hamilton Zanze now owns and operates four properties in the Nashville-Davidson-Murfreesboro market, including Rivertop Apartments, Post Ridge Apartments, and 865 Bellevue. The property is located 30 miles from Downtown Nashville, which is home to numerous music venues, the State Capitol, options for nightlife, major employers, and professional sports venues. The famed Honky Tonk Highway is located in Downtown Nashville and features a row of restaurants and live music venues every night.

To learn more about Springfield Apartments, please visit https://www.missionrockresidential.com/apartments/tn/murfreesboro/springfield/

________________________________________________________________________________________________

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 $4.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 83 properties (19,958 units) across 15 states. For additional information, visit www.hamiltonzanze.com



January 22, 2020

Colliers Negotiates $36.5M Sale of Village at Desert Lakes Multifamily Property in Las Vegas

Hamilton Zanze was recently featured in RE Business Online for their recent acquisition of Rivertop Apartments.

Read the full article at Re Business Online.



January 22, 2020

Investor Hamilton Zanze Acquires Two Apartment Communities in Columbia, Maryland

Hamilton Zanze’s acquisition of Timbers at Long Reach and Chimneys of Cradlerock was recently featured in Herald Mail Media:

San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired two apartment communities in Columbia, Maryland, including the Timbers at Long Reach apartments and the Chimneys of Cradlerock. The deal closed on December 31st with seller Aimco. HZ now owns and operates six residential apartment communities in the D.C. metro.

The Timbers at Long Reach is strategically located near Interstate 95, providing residents easy access to Downtown Baltimore, Downtown Washington D.C., and other major employment centers. The Chimneys at Cradlerock similarly offers tremendous transit access with metro lines adjacent to the property and close proximity to the Columbia Pike (U.S. Route 29) and Maryland Route 32 thoroughfares.

Read the full article at Herald Mail Media, and see more coverage at Globe St., and Connect Washington D.C..



January 22, 2020

Hamilton Zanze Acquires Oasis at Montclair Apartments in Washington D.C. Metro

Hamilton Zanze’s acquisition of Oasis at Montclair was recently featured in PR Newswire:

San Francisco-based real estate investment firm Hamilton Zanze (HZ) has acquired the Oasis at Montclair Apartments in Dumfries, VA (Washington D.C. metropolitan area). The purchase closed on November 5th.

The 244-unit, Class A community was built in 2014 along Interstate 95 and offers easy access to Washington D.C., Downtown Richmond, and Northern Virginia. The metro economy is anchored by the federal government and is among one of the nation’s most stable regions.

Read the full article at PR Newswire, and see more coverage at CoStar, and Commercial Property Executive.



January 22, 2020

Multifamily Investor Hamilton Zanze Acquires St. Louis’ Tribeca Apartments

Hamilton Zanze’s acquisition of Tribeca Apartments was recently featured in Multifamily Biz:

San Francisco-based real estate firm Hamilton Zanze (HZ) partnered with an affiliate of Cantor Fitzgerald, L.P. to acquire the 160-unit Tribeca apartment community in St. Louis, Missouri from seller Lux Living. The purchase marks Hamilton Zanze’s first acquisition in the St. Louis metro.

Tribeca is about five miles west of Downtown St. Louis in the St. Louis City submarket of the St. Louis apartment market. The region’s low cost of living and location in the central U.S. make it a desirable destination for relocating businesses, and the metro’s highly educated workforce is fed by the area’s nearly 40 colleges, universities, and technical schools.

Read the full article at Multifamily Biz, and see more coverage at PR News Wire, and RE Business Online.



January 20, 2020

Multifamily Investor Hamilton Zanze Acquires Indigo 19 in Virginia Beach

Virginia Beach, VA. – January 20, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the Indigo 19 apartment community in Virginia Beach, Virginia. The purchase closed on January 14th as the firm’s first acquisition of the year, and property management responsibilities have been transferred to the Denver-based affiliate company Mission Rock Residential.

The five-story apartment community, located at 1940 Pavilion Drive, features units averaging 931 square feet with amenities including stainless steel appliances, granite countertops, brushed nickel hardware, vinyl plank flooring, and nine-foot ceilings. Community amenities include a resort-style pool, grilling stations, a two-story clubhouse, fitness center, business center, and valet dry cleaning.

“We are excited to continue growing our East Coast portfolio with our acquisition of Indigo 19,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “Indigo 19 is situated in a great location with plenty of retail and entertainment, so it provided a great opportunity to expand our presence in the Virginia Beach market.”

Built in 2013, the 196-unit property had a 95% occupancy rate at the time of purchase. HZ’s capital improvements plan includes general roof maintenance, fire and life safety improvements, HVAC maintenance, sustainability and green initiatives, exterior renovations including power washing and full exterior paint, and minor unit renovations.

With this latest acquisition, Hamilton Zanze now owns and operates four properties in the Virginia Beach-Norfolk-Newport News market, including Parkway Apartments, Woods of Williamsburg, Maple Bay Apartments, and now Indigo 19. The property is situated within walking distance of the Virginia Beach oceanfront and tourism district, which is home to the Virginia Beach boardwalk, resorts, nightclubs, restaurants, retail, and live entertainment. Atlantic Park, a $328 million mixed-use development, will feature retail, restaurants, residences, offices, a concert venue, and a surf park.

To learn more about Indigo 19, please visit www.indigo19.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 $4.4 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,334 units) across 15 states. For additional information, visit www.hamiltonzanze.com



January 8, 2020

Multifamily Investor Hamilton Zanze Acquires Timbers at Long Reach in Columbia, MD

WASHINGTON, D.C. – January 8, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 178-unit Timbers at Long Reach apartment community in Columbia, Maryland. HZ now owns and operates six properties in the metro area.

“The Timbers at Long Reach’s strategic location near Interstate 95 provides residents easy access to Downtown Baltimore, Downtown Washington D.C., and other major employment centers,” said David Nelson, managing director of acquisitions for Hamilton Zanze.

The purchase marks the firm’s 12th acquisition of the year. The acquisition is part of a three-property portfolio that HZ is purchasing from Aimco including the Lodge on the Chattahoochee, Timbers at Long Reach, and Chimneys of Cradlerock.

Built in 1979, Timbers at Long Reach was 98% occupied rate at the time of purchase. Residents of the garden-style community have access to Luxor One package lockers, a dog park, and walking paths throughout the community. Spacious units feature washers and dryers, walk-in closets, and private patios and balconies.

HZ’s capital improvements plan includes exterior maintenance and improvements, landscaping, and interior unit renovations. Property management responsibilities have been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

The Timbers at Long Reach is located 15 miles southwest of Baltimore and 32 miles northeast of Washington D.C. in a top-rated Howard County school district. The property is located in close proximity to several retail centers, including Columbia Crossing Shopping Center just a mile away.

To learn more about Timbers at Long Reach, please visit www.thetimbersatlongreach.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 $4.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,334 units) across 15 states. For additional information, visit www.hamiltonzanze.com



January 8, 2020

Hamilton Zanze Purchases Riverfront Community in the Atlanta Metro

ATLANTA, GA – January 8, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 312-unit Lodge on the Chattahoochee apartment community in Sandy Springs, GA.

The purchase marks the firm’s 11th acquisition of the year. The acquisition is part of a three-property portfolio that HZ is purchasing from Aimco including the Lodge on the Chattahoochee, Timbers at Long Reach, and Chimneys of Cradlerock.

“With its large unit floorplans and access to the Chattahoochee River, Lodge on the Chattahoochee serves a desirable and underserved demographic in the area,” said David Nelson, managing director of acquisitions for Hamilton Zanze.

Built in 1973, Lodge on the Chattahoochee was 98% occupied at the time of purchase. The community offers immediate access to over 22 miles of riverfront trail and a fitness center, dog park, and business center. Large units feature ample natural light, washers and dryers, wood-style flooring, private balconies, walk-in closets, and attached garages.

HZ’s capital improvements plan include community amenity upgrades and interior renovations. Property management responsibilities have been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

The community is located less than 20 miles north of downtown Atlanta. The metro area remains a desirable place to live and work due to the business-friendly environment, ease of travel through Hartsfield-Jackson Atlanta International Airport, and the region’s reputation as a logistics hub.

To learn more about Lodge on the Chattahoochee, please visit https://www.thelodgeontheriver.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 $4.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,334 units) across 15 states. For additional information, visit www.hamiltonzanze.com



December 9, 2019

Hamilton Zanze Sells The Gates At Buffalo Ridge Apartments in Texas

DALLAS/FORT WORTH, TX – December 9, 2019 – Hamilton Zanze, a San Francisco-based real estate investment firm, is pleased to announce the sale of The Gates at Buffalo Ridge Apartments in Haltom City, TX. The property is located in desirable North Fort Worth submarket of the Dallas/Fort Worth metro area. Hamilton Zanze owned the property for four years and sold the property on November 14, 2019.

The Gates at Buffalo Ridge was built in 2001 at 4699 Fossil Vista Drive. The 312-unit, 10-building community features two resort-style pools, a 24-hour all access fitness center, bike rentals, and large one-, two-, and three-bedroom floor plans averaging 980 square feet.

“We are glad to have capitalized on the strong fundamentals in the Dallas/Fort Worth market,” said David Nelson, Hamilton Zanze’s managing director of transactions. “We are thrilled with the execution of this transaction by Drew Kyle and the IPA team and the great outcome for our investors.”

Hamilton Zanze rebranded the property from Amesbury Court to The Gates at Buffalo Ridge in 2016. During their ownership, the company added a dog park and playground and executed unit renovations, roof replacements, and pool enhancements. Units were updated with new cabinet doors, countertops, kitchen and bath hardware, tile backsplash, and lighting

The Dallas/Fort Worth metro is one of the fastest-growing and highest-performing major U.S. markets. Major industries include trade, transportation, aviation/aerospace, life sciences, natural gas, construction, manufacturing/distribution, and logistics. The Dallas metro has a growing foundation of corporate headquarters, including 19 Fortune 500 companies. Many large companies are moving or expanding their campuses to the Dallas/Fort Worth metro, including Amazon, Calloway Golf, Kroger, and Uber.

________________________________________________________________________________________________

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 $3.2 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 82 properties (19,646 units) across 15 states. For additional information, visit www.hamiltonzanze.com



October 29, 2019

Hamilton Zanze Acquires St. Louis’ Tribeca Apartments

ST. LOUIS, MO – October 29, 2019 – San Francisco-based real estate firm Hamilton Zanze (HZ) partnered with an affiliate of Cantor Fitzgerald, L.P. to acquire the 160-unit Tribeca apartment community in St. Louis, Missouri from seller Lux Living. The purchase marks Hamilton Zanze’s first acquisition in the St. Louis metro.

“Tribeca offered a unique opportunity to buy a phenomenally built product with state-of-the-art amenities at an attractive basis,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “The property benefits from its proximity to Washington University, St. Louis and the BJC Medical Center, the largest medical facility in metro St. Louis and one of the highest-rated medical centers in the nation. Colliers, specifically Will Matthews, exceeded our expectations, and we look forward to working on our next deal together soon.”

Built in 2018, Tribeca had a 100% occupancy rate at the time of purchase. The community is located at 5510 Pershing Avenue, just over a mile from Washington University in St. Louis. The 160 units feature high-end interior finishes, including stainless steel appliances, white cabinets, quartz countertops, faux wood flooring, tiled walk-in showers, deluxe rain shower heads, and smart home technology. Desirable community amenities include a delivery robot, state-of-the-art fitness center, pet park and spa, indoor and outdoor game areas, concierge services, self-serve beer on tap, and a saltwater pool.

“We are thrilled to partner with Hamilton Zanze on another acquisition,” stated Ken Carpenter, managing director, Cantor Fitzgerald. “By leveraging HZ’s deep acquisition relationships, we continue to grow our joint platform of well-located, high-quality multifamily properties in growing markets.”

Tribeca is about five miles west of Downtown St. Louis in the St. Louis City submarket of the St. Louis apartment market. The region’s low cost of living and location in the central U.S. make it a desirable destination for relocating businesses, and the metro’s highly educated workforce is fed by the area’s nearly 40 colleges, universities, and technical schools.

Management of the property has been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

To learn more about Tribeca apartments, please visit http://tribeca-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 $3.2 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 83 properties (19,986 units) across 15 states. For additional information, visit www.hamiltonzanze.com