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HZ News

September 6, 2019

Hamilton Zanze Acquires Abbotts Run Apartments In Alexandria

Alexandria, VA – September 6, 2019 – National real estate investment firm Hamilton Zanze has acquired the Abbotts Run apartment community in Alexandria, Virginia (Washington D.C. market). The purchase closed on August 29th and property management responsibilities have been transferred to Mission Rock Residential.

Abbotts Run was built in 1988 and is located near the Potomac River in a desirable school district near abundant employment opportunities in Washington D.C. The community offers a mix of one- and two-bedroom units ranging from 693 to 1,352 square feet. Select units are loft style.

Northern Virginia is experiencing substantial growth, and Abbotts Run is strategically located to serve the market,” said David Nelson, Hamilton Zanze’s senior director of acquisitions. “Abbotts Run is an excellent example of what we are looking to acquire, as it offers immediate scale in a strong submarket. We will continue to look for well-located, large assets throughout the Washington D.C. metro.”

Units feature black, hard-surface countertops, tile backsplashes, stainless steel appliances, faux wood flooring, brushed nickel hardware, and in-unit washers and dryers. Community amenities include a 24-hour clubhouse, game room, resort-style swimming pool, playground, tennis and volleyball courts, and outdoor picnic and grilling stations. A private car washing station is also available for resident use.

The majority of units were renovated by the seller. HZ plans to renovate the 17 remaining classic units and update the community’s outdoor lighting and clubhouse space.

Abbotts Run is located in one of the metro’s most affluent submarkets, South Fairfax County, with median home income and median home values more than twice the U.S. average. The county’s economy is centered predominately around the professional services and technology industries, in addition to a thriving higher education market. Amazon’s new HQ2, located only 14.4 miles from Abbotts Run, is expected to create 25,000 new jobs and over $4.3 billion in economic impact.

To learn more about Abbotts Run, please visit www.abbottsrunalexandria.com.

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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 $3.9 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 81 properties (19,538 units) across 15 states. For additional information, visit www.hamiltonzanze.com



August 7, 2019

Hamilton Zanze Sells The Enclave at 1550 Apartments in San Antonio

San Antonio, TX – August 7, 2019– Multifamily real estate investment firm Hamilton Zanze is pleased to announce the sale of The Enclave at 1550 Apartments in San Antonio, Texas, located just north of downtown San Antonio. The deal closed on August 2, 2019.

The high-rise apartment community comprises 127 one and two-bedroom units totaling 154,413 square feet.

“We traditionally acquire garden style communities, but Enclave 1550 was a unique opportunity for Hamilton Zanze,” said Anthony Ly, Hamilton Zanze’s senior director of dispositions. “The property is the only high rise in this particular pocket of San Antonio (and one of the few in our portfolio) with amazing downtown views. We were able to attract tenants looking for this product type without having to pay the downtown prices. We are thrilled with the execution of our business plan here and outcome.”

The Enclave at 1550 was built in 1996 and is located eight miles north of downtown San Antonio. The units were renovated during Hamilton Zanze’s ownership with improvements including new appliances, fresh paint, upgraded flooring, kitchen countertop resurfacing, new kitchen and bathroom cabinets, and updated hardware and lighting fixtures.

Shared community spaces were enhanced with new landscaping, updates to the pool and BBQ areas, modern signage, and renovated interiors in the shared clubhouse and business center space. Other improvements included fresh exterior paint and new roofing for the long-term benefit of the building’s waterproofing.

The apartment community’s proximity to major San Antonio employment corridors, transportation, and retail continue to attract new residents to the area. Major area employers include the San Antonio International Airport, South Texas Medical Center, USAA, Fort Sam Houston, and AT&T’s regional office. The San Antonio market continues attract expanding companies due to its geographic location, economic stability, and growing workforce.

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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 $3.9 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 82 properties (19,655 units) across 15 states. For additional information, visit www.hamiltonzanze.com



July 31, 2019

In the Pipeline: Navigating This Multifamily Sellers’ Market

Hamilton Zanze was recently featured in Housing Wire:

The multifamily market is in on hold as far new starts go with the exception of an odd permitting blip registered over the course of March, in which permit numbers spiked by 19%. That aside, researchers are predicting a slowdown in new construction starts as the market is full-up on Class-A product, and construction costs don’t allow for developers to build Class-B product.

Hamilton Zanze Real Estate Investments Chief Operating Officer and Founder Tony Zanze told HousingWire that the multifamily market has been a sellers’ market for about a year and a half now, and it doesn’t look like it will change anytime soon as the economy settles into slow growth and supply tapers off.

Read the full article at Housing Wire.



July 24, 2019

Hamilton Zanze Acquires The Reserve at Ballenger Creek Apartments in Maryland

WASHINGTON – July 24, 2019 – San Francisco-based real estate investment firm Hamilton Zanze (HZ) has acquired The Reserve at Ballenger Creek Apartments in Frederick, MD (Washington metropolitan area). The purchase closed on July 10th, and property management responsibilities have been transferred to Mission Rock Residential.

The community, built in 2000, is located near Interstates 70 and 270, providing direct access into Washington D.C. and its surrounding markets. The community offers a mix of one-, two-, and three-bedroom units ranging from 750 to 1,150 square feet in size. Each unit is equipped with its own private balcony or patio area.

“The Reserve at Ballenger Creek presented an opportunity to buy a well-maintained asset in a strong market where we can continue growing our presence,” said David Nelson, Hamilton Zanze’s managing director of acquisitions. “The property’s vintage, size, location, and amenity base are aligned with our vision, and we will continue looking for opportunities in the Mid-Atlantic.”

Select units feature vaulted ceilings and new carpeting, as well as open kitchen layouts with maple cabinetry, modern appliances, built-in wine racks, and walk-in pantry closets.

Community amenities include a clubhouse with free Wi-Fi, a fitness center and cardio theater, and landscaped courtyards and playgrounds. The Reserve at Ballenger Creek is set apart by its unique community amenities, including car care center and dog park. 

HZ acquired the property with plans to renovate units with quartz countertops, black appliances, new tile backsplashes, plank flooring, new lighting and plumbing fixtures, and more. In addition, exterior siding, trim, paint, and carpentry across the eight total buildings will be updated, and a package locker system will be installed.

Frederick County has experienced strong, long-term economic growth, and regional employers have been successful in attracting and retaining its millennial population. In 2018, Amazon announced the construction of a new corporate headquarter in Arlington, VA (48 miles from the property), comprising 2.1 million square feet and expected to accommodate 25,000 employees. Further, The Reserve is located near several large employers, including Leidos Biomedical Research, Frederick Regional Health Systems, and the area’s largest employer, Fort Detrick.

To learn more about the Reserve at Ballenger Creek, please visit www.ballengercreekapts.com.

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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 $3.9 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 82 properties (19,665 units) across 15 states. For additional information, visit www.hamiltonzanze.com



July 15, 2019

Top-5 Multifamily Transactions in Nashville

Hamilton Zanze’s acquisitions of 865 Bellevue and Post Ridge Apartments were recently featured in Multi-Housing News as one of the top-5 multifamily transactions in Nashville:

Investors, developers and employers have long touted Nashville, Tenn., as a city on the rise. Boasting considerable population, job and rent growth, there are many opportunities in the metro across all real estate asset types. Multifamily properties continue to perform well, evidenced by rising rents and nearly $500 million in deals closed in the first half of the year.

2. 865 Bellevue and Post Ridge Apartments

Hamilton Zanze entered the metro with a bang in April with the $80.2 million acquisition of two communities from Aimco. The properties total 476 units and are both located in the Bellevue submarket. Cantor Fitzgerald partnered with Hamilton Zanze to purchase the 326-unit 865 Bellevue Apartments, and two private investors joined forces with the buyer on the 150-unit Post Ridge Apartments buy. KeyBank provided acquisition financing for the deal through Fannie Mae. The $36.8 million mortgage encumbering 865 Bellevue carries a 4.04 percent interest rate over a 10-year term, while the smaller, 10-year loan of $18.1 million on Post Ridge bears a fixed, 4.37 percent interest rate.

Read the full article at Multi-Housing News.



June 30, 2019

Hamilton Zanze Sells Albuquerque-Area Apartment Community

Albuquerque, NM – June 30 , 2019 – Multifamily real estate investment firm Hamilton Zanze is pleased to announce the sale of the Links at High Resort apartments in Rio Rancho, New Mexico, just north of Albuquerque. The deal closed on June 21, 2019.

The community includes 306 units across a rolling 17.2 acres in the residential district just north of the metro. The apartments were 94% occupied at the time of sale.

“The HZ team is thrilled by the success of this New Mexico investment,” said Ashlee Cabeal, Hamilton Zanze’s senior director of transactions. “Our team and our partners especially enjoyed the opportunity to refresh all 306 residences, raising the bar for the entire apartment market in this residential suburb.”

The Links at High Resort community was built in 1998 at 201 Pinnacle Drive SE, within 45 minutes of downtown Albuquerque. Hamilton Zanze purchased the property in 2012. The one-, two-, and three-bedroom rental units were renovated during Hamilton Zanze’s ownership with lighting upgrades, roof hatch repairs, refreshed paint across the property, and replaced stair treads.

New Mexico’s economy has led the nation in job and wage gains since January of 2017 and was named by Bloomberg as the #1 for overall economic gains. Major technology players like Facebook and Netflix have been investing heavily in the Albuquerque area, with both companies committed to spending $1 billion dollars in the local economy over the next several years.

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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 $3.9 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,086 units) across 15 states. For additional information, visit www.hamiltonzanze.com



June 20, 2019

Hamilton Zanze Completes Sale of Albuquerque Apartments

ALBUQUERQUE– June 20, 2019 – San Francisco-based real estate investment firm Hamilton Zanze (HZ) is pleased to announce the sale of Las Kivas Apartments in Albuquerque, NM. The firm purchased the apartment community in January 2006.

Built in 1992, Las Kivas Apartments is located at 4777 Tramway Blvd NE and comprises 112 units, totaling 136,412 net rentable square feet. Well-situated on the northeastern side of Albuquerque, the property is located near the Sandia Mountains and 12 miles from the city’s downtown core. Units feature walk-in closets, private patios or balconies, energy-efficient appliances, and in-unit washers and dryers.

“HZ has sold four properties in the Albuquerque metro in the last 12 months, leaving Las Kivas Apartments as one of the company’s final assets in the market,” said Ashlee Cabeal, Hamilton Zanze’s senior director of transactions. “Albuquerque has undoubtedly experienced a strong seller’s market as a result of compressed cap rates.”

During its ownership tenure, Hamilton Zanze added value to the property though renovation projects, including landscaping updates, tree trimming, individual unit upgrades, and community package locker installation. Strong property operations resulted in a high occupancy rate at the time of sale.  

Albuquerque is centered in the New Mexico Technology Corridor, a concentration of high-tech private companies and government institutions along the Rio Grande. The city is home to a number of attendant contracting companies, as well as the Sandia National Laboratories and Kirtland Air Force Base. The metro benefits from a highly educated workforce, as it is home to the University of New Mexico, National American University, Trinity Southwest University, and Central New Mexico Community College.

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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 (19,874 units) across 16 states. For additional information, visit www.hamiltonzanze.com



June 15, 2019

Hamilton Zanze Sells 184-Unit Enclave at Water’s Edge to TN Buyer

Hamilton Zanze’s sale of The Enclave at Water’s Edge was recently featured in the Connect Texas – Commercial Real Estate News:

Multifamily investor Hamilton Zanze ended its hold on the 184-unit Enclave at Water’s Edge, selling the north Austin apartment complex to LEDIC Realty Co. The Memphis-based buyer acquired the apartment complex, situated near Austin’s massive mixed-use Domain development, for a value-add play.

Enclave at Water’s Edge is situated on 6.6 acres at 12330 Metric Blvd. The property offers studios, and one- and two-bedroom units. Amenities include three resort-style swimming pools, a barbecue and picnic area, laundry facilities, fitness center, a new fire pit and 24-hour fitness center.

Read the full article at Connect Texas – Commercial Real Estate News, and see more coverage at GlobeSt.



June 1, 2019

Hamilton Zanze Sells Austin Apartment Community

Austin, TX – June 1, 2019 – Multifamily real estate investment firm Hamilton Zanze is pleased to announce the sale of the Enclave at Water’s Edge apartments in Austin, Texas. The deal closed on May 21, 2019.

The community, which includes 184 units across 139,750 square feet, was 96% occupied at the time of sale.

“Enclave at Water’s Edge was right down the fairway for Hamilton Zanze,” said Ashlee Cabeal, Hamilton Zanze’s senior director of transactions. “Its size, vintage, and the Austin submarket itself all presented exciting opportunities at the time of acquisition. We are elated to have executed on this deal and deliver a positive outcome for our investors.”

The Enclave at Water’s Edge community was built in 1986 at 12330 Metric Blvd, just 20 minutes from the Texas State Capitol. Hamilton Zanze purchased the property in 2014 and renovated 82 of the one and two-bedroom rental units during their ownership. Hamilton Zanze also updated the shared common spaces with retaining wall replacements, new asphalt installation, enhanced courtyard landscaping, and pool area upgrades. The community is conveniently located near three major thoroughfares and the Kramer MetroRail station, providing residents broad-reaching transportation options and easy access across the Austin region.

The Enclave is specifically located in Greater Austin’s Silicon Hills region, a growing, robust tech corridor home to several major Austin employers including Google, Facebook, IBM, Amazon, Apple, Indeed, Oracle, Visa, and Samsung. It also sits just one mile away from The Domain, Austin’s premier retail and entertainment district, which houses1.85 million square feet of retail and nearly 4 million square feet of office space.

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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 $3.9 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,086 units) across 15 states. For additional information, visit www.hamiltonzanze.com.



May 30, 2019

Bay Area Investor Hamilton Zanze Acquires Nearly 500 Apartments in Nashville in Multi-Property Deal

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. 

To learn more about 865 Bellevue and Post Ridge Apartments, please visit www.865bellevue.com and www.postridgeapartments.com.

Read the full article at Cision PR Newswire.