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September 20, 2021

Hamilton Zanze Buys Sixth Multifamily Community in Nashville Metro

COLUMBIA, TN – September 20, 2021 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 228-unit The Retreat in Arden Village in Columbia, Tennessee. This represents HZ’s seventh acquisition in Tennessee and sixth in the Nashville metro area.

The community, built in 2007 with additions in 2018, is located 40 miles south of Nashville, which benefits from a well-established economy driven by a dynamic private sector and a qualified workforce. Nashville is also home to several Fortune 500 companies and top regional universities like Vanderbilt University.

“The Retreat at Arden Village offered an attractive opportunity to buy a quality asset in a very strong submarket within the Nashville MSA,” said David Nelson, Hamilton Zanze’s chief transactions officer. “The property features a contemporary vintage, robust amenity package, and prime location near great job drivers which will provide our residents with the quality of life offered in Nashville’s growing urban core. Being that this is now our seventh acquisition in the state of Tennessee and sixth in the Nashville metro, we are excited about our continued growth in the region.”

The Retreat at Arden Village is located at 2477 Palomar Circle and was 97.0% occupied at purchase. The 228 units average 1,080 square feet with seven different floor plans. Community amenities include an indoor fitness center, business center, clubhouse, resort-style pool, dog park, billiards room, and an outdoor entertainment kitchen with grills. Unit amenities include granite countertops, large closets, hardwood floors, and full size in-unit washer and dryers.

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

To learn more about The Retreat at Arden Village, please visit https://www.ardenvillageapts.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 $5.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 97 properties (21,673 units) across 15 states and 29 markets. For additional information, visit www.hamiltonzanze.com



September 15, 2021

Hamilton Zanze Sells Northwest Houston Area Multifamily Community

CYPRESS, TEXAS – September 15, 2021 – San Francisco-based real estate investment firm Hamilton Zanze (HZ) is pleased to announce the sale of The Point at Cypress Woods Apartments, located in the suburbs of Houston. HZ purchased the property the property in 2014 and the sale closed on August 25, 2021.

“The Point at Cypress Woods illustrates our ability to identify multifamily investment opportunities and increase value through upgrading the property, renovating units and improving management,” said Anthony Ly, director of dispositions at Hamilton Zanze.

The Point at Cypress Woods was built in 1983 and is located at 11800 Grant Road in Cypress, Texas, a suburban community in the Northwest Houston metro area. The property comprises 530 one-, two-, and three-bedroom units featuring high ceilings, upgraded kitchen and bathrooms, washer and dryers, balcony or patios, fireplaces, skylights, and walk-in closets. Community amenities include a gated entrance, 24-hour fitness center, two swimming pools, spa/hot tub, playground, picnic area with barbecue grills, sundeck with lounge chairs, and three onsite laundry facilities.

During their ownership, Hamilton Zanze upgraded unit interiors with new appliances, flooring, and countertops. The company also improved community amenities including pool area enhancements, landscaping and irrigation repairs, carport installation, exterior roof/siding upgrades, and repainting all buildings. The Point at Cypress Woods was 94% occupied at the time of sale.

The property is close to several major employers in the market, such as St. Jude’s Hospital (approximately six miles from property) and Hewlett-Packard (four miles from property). The community’s location provides easy access to two major highways connecting residents to downtown Houston and surrounding cities. The Point at Cypress Woods is well-located in the city of Cypress, which is now ranked #50 among the top 100 highest-income urban areas in the U.S. by per capita income and just outside of the Houston metro area, the largest economic/cultural center of the American South that is expected to see rapid population growth in the coming years.

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 $5.1 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 96 properties (21,975 units) across 15 states. For more information, visit www.hamiltonzanze.com



September 9, 2021

Hamilton Zanze Buys First Multifamily Community in North Carolina

CHARLOTTE, NC – September 9, 2021 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 377-unit Blu at Northline Apartments in Charlotte, North Carolina. This represents HZ’s first acquisition in North Carolina.

The community, built in 2018, is just northeast of Downtown Charlotte, which has become a headquarters hub for several Fortune 500 companies including Bank of America, Lowe’s, and Honeywell.

“Blu at Northline presented us a great opportunity to buy a Class A asset in Charlotte, North Carolina,” said David Nelson, Hamilton Zanze’s chief transactions officer. “The property features a robust amenity package, a prime location in the University City submarket along the Lynx Blue Line, and offers residents the quality of life provided by the city’s energetic urban core. As this is our first acquisition in North Carolina, we’re very excited to enter the Charlotte market and look forward to continued growth in the region.”

Blu at Northline was 95.0% occupied at purchase. The community is located at 2508 April Liu Lane in the desirable UNC Charlotte submarket, approximately 15 minutes from Downtown Charlotte. The 377 units average 978 square feet with 12 different floor plans. Community amenities include a fitness center, yoga and spin studio, saltwater pool. Unit amenities include granite countertops, stainless steel appliances, walk-in closets, and washers and dryers in each unit.

HZ’s capital improvements will include site improvements, building repairs, amenity improvements, and mechanical, electrical, and plumbing improvements. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

The Kirkland Company’s North Carolina team led by Dennis Harris, Matt Behr, and Austin Haney arranged the sale. “We have been fortunate to work closely with Hamilton Zanze for years in Tennessee and various other states.  Their reputation and track record speaks for itself, and our team is excited to see them enter the North Carolina market with the Blu at Northline acquisition.” Harris said.

To learn more about Blu at Northline, please visit https://www.missionrockresidential.com/apartments/nc/charlotte/blu-at-northline/

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 $5.1 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 97 properties (22,505 units) across 15 states and 29 markets. For additional information, visit www.hamiltonzanze.com

ABOUT THE KIRKLAND COMPANY
The Kirkland Company (TKC) specializes in the sale of apartment communities in ten states throughout the Southeast. The firm is headquartered in Nashville, TN and has closed over 648 multifamily transactions since its inception. Find out more about TKC at www.thekirklandco.com.



August 31, 2021

Urban Multifamily Starts to See Recovery Amid Frothy Apartment Investment Market

David Nelson, HZ’s Chief Transactions Officer, was recently featured in an article by Ashley Fahey for bizjournals.com about the recovery of the multifamily investment space. 

See the full article below.


This may be the first year San Francisco multifamily real estate investment firm Hamilton Zanze & Co. does $1 billion-plus in acquisitions in one year.

“We’ve never been more active as a company,” said David Nelson, chief transactions officer at Hamilton Zanze, where he’s been since 2004. The company has completed about $350 million in acquisitions so far this year and is under contract on another $600 million or so, Nelson said.

It’s no secret that the U.S. multifamily market has seen a meteoric rebound after a flat — or, for some gateway metros, declining — 2020. Massive amounts of equity, low-cost debt, favorable fundamentals and possible changes to the federal 1031 exchange program are contributing to the market’s frothiness.

U.S. multi-housing transaction volume totaled $138 billion in 2020 and $32 billion in the first quarter of 2021, according to Jones Lang Lasalle Inc.

Appetite for hard-hit property types, like retail and hospitality, as well as ones with uncertain futures, like office, has waned in the past year or more. Capital has instead flooded to sectors like industrial and multifamily.

“Frankly, there’s only so much industrial allocation the market can bear,” said David Bitner, head of Americas capital markets research at Cushman & Wakefield PLC. “You end up with a lot of liquidity having to go into the multifamily markets.”

Bitner said while suburban apartments remain the strongest subsector within the larger apartment market, urban-core multifamily has “joined the dance” faster than expected after 2020.

Tours at Class A apartments in urban cores in April were up 121% year-over-year and there was a 70% increase in new lease signings, JLL found.

Among gateway markets, which saw the worst impacts last year, revenue-per-available-foot has recovered to pre-pandemic levels in Chicago and is on track to do so soon in Boston, Los Angeles and Washington, D.C., according to Cushman & Wakefield. Among the gateway cities, San Francisco and New York have the biggest ground to make up.

The Southwest and Southeast regions of the United States, the Sunbelt, are seeing 51% and 61% more investment activity, respectively, compared to 2017 and 2019, Cushman found. JLL’s June report on the apartment sector said Dallas-Fort Worth, Atlanta and Phoenix are among the most liquid multifamily markets in the U.S.

Bitner said as companies eventually return to the office, even on a part-time basis, that may also propel more people to lease apartments in urban cores. But, he said, a lot of the lease-up and momentum in urban centers this year has come from a desire to return to center-city amenities, such as restaurants and live entertainment. The concessions that were so popular last year and into the early part of 2021 may’ve helped lure tenants to urban centers, too.

Of course, suburban properties remain the most compelling for investors. Investment in multifamily in “mature” suburbs during the first half of 2021 was up 39% compared to the 2017-2019 average, Cushman research found. For “emerging” suburbs, it’s up 84% compared to the same time period.

The rate at which rents are appreciating this year is also creating new dynamics for investors and owners.

Nelson said new tenants who occupy a unit after a move-out are sometimes paying a 10% premium in rent compared to the previous occupant. In fact, the fundamentals of a real estate transaction can change between the time Hamilton Zanze goes under contract and when it closes 90 to 120 days later, Nelson added.https://34bb0110802b2c160a6eb7ddcb3f1fe9.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Michael Lewis, managing director of REIT equity research at Truist Securities, said even with rental rates increasing, multifamily landlords haven’t hit pushback on a macro scale. Sunbelt landlords in particular are pushing rents more than they ever have and occupancy isn’t going down, Lewis added.

“This might be the best pricing power landlords have had since I don’t know when,” he continued.



August 23, 2021

Hamilton Zanze Buys Multifamily Community in Colorado Springs

COLORADO SPRINGS, CO – August 23, 2021 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 200-unit Enchanted Springs apartment community in Colorado Springs, CO. HZ purchased the property on August 18, 2021 from a development firm who was represented by Bill Morkes and Craig Stack with Colliers International.

The community, built in 2020, is located in a steady submarket of the Colorado Springs metro area, with median home value and median household income above national averages. Anchored by a strong defense industry, the metro is home to the U.S. Air Force Academy.

“Enchanted Springs provided an exciting opportunity to buy a brand-new asset in Colorado Springs,” said David Nelson, Hamilton Zanze’s chief transactions officer. “The property features an extensive amenity package, prime location near regional employers, and offers residents the quality of life provided by the city’s proximity to outdoor recreation. We look forward to our continued growth in the Colorado Springs market.”

The Class A community is located at 3281 Divine Heights in the desirable Eastern Colorado Springs submarket, approximately eight miles northeast of Downtown Colorado Springs. The 200 units average 979 square feet with nine different floor plans. Community amenities include an indoor fitness center, clubhouse, resort-style pool and spa, and business center. Enchanted Springs was 97% occupied when purchased.

HZ’s capital improvements will focus on continuing the interior unit renovation plan implemented by the seller. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

To learn more about Enchanted Springs, please visit https://www.enchantedspringsapthomes.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 $5.1 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 93 properties (22,529 units) across 15 states and 29 markets. For additional information, visit www.hamiltonzanze.com



August 16, 2021

Hamilton Zanze Buys Atlanta Metro Multifamily Community

ATLANTA, GA – August 16, 2021 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 204-unit 45Eighty Dunwoody Apartment Homes in Dunwoody, Georgia. HZ purchased the property from FPA Multifamily, LLC, who was represented by Cushman & Wakefield.

The purchase marks the firm’s sixth acquisition in the Atlanta market. The community, built in 1990, is in immediate proximity to Georgia State Route 400 and I-285N, providing access to Downtown Atlanta and regional employers.

“We’re really excited about the opportunity to buy in the Atlanta market again and to further expand our presence in the growing metro,” said David Nelson, Hamilton Zanze’s chief transactions officer. “45Eighty is conveniently located with easy access to Buckhead, Midtown, Downtown Atlanta, and other major employment centers. Residents are attracted to the Dunwoody area for its strong schools, nearby outdoor recreation, and proximity to employers.”

45Eighty was 96.0% occupied at purchase. The community is located at 4580 Barclay Drive in the desirable Dunwoody submarket, approximately 20 minutes from Downtown Atlanta. The 204 units average 946 square feet with 14 different floor plans. Community amenities include a swimming pool, fitness center, clubhouse, business center, and package receiving center.

HZ’s capital improvements will focus on continuing the interior unit renovation plan implemented by the seller. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

To learn more about 45Eighty Dunwoody Apartment Homes, please visit https://www.missionrockresidential.com/apartments/ga/dunwoody/45eighty-dunwoody/

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 $5.1 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 93 properties (22,529 units) across 15 states and 29 markets. For additional information, visit www.hamiltonzanze.com

ABOUT FPA Multifamily, LLC

The seller is an affiliate of FPA Multifamily, LLC. FPA Multifamily, LLC is a private equity real estate firm focused on the acquisition, renovation, and management of both core-plus and work force housing apartment communities. Founded in 1985, FPA has owned over 130,000 apartment units valued at over $15.0 billion. FPA is currently investing through its value-add focused FPA Apartment Opportunity Fund VII which will acquire approximately $3.0 billion of assets and its core-plus focused FPA Core Plus Fund V which will acquire approximately $1.9 billion of assets. Headquartered in San Francisco, FPA also has offices in Atlanta, Chicago, Dallas, Denver, Irvine, Minneapolis, and Washington DC. For more information, please visit www.fpamf.com.

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July 19, 2021

Eight Ways 1031 Exchange Changes Could Make Economic Waves by Mark Hamilton

Mark Hamilton recently authored an article for WealthManagement.com regarding the importance of preserving the 1031 Exchange. 

Visit WealthManagement.com to view the full article, and see below for a short excerpt. 

In recent months, the political spotlight has once again turned to a 100-year-old tax policy: the 1031 exchange. Often referred to as a “loophole” by detractors, a 1031 exchange, in simplest terms, allows for the exchange of one investment property for another and the deferral of capital gains taxes on the transaction. It’s one of many policies on the docket for potential change under the new administration.

It’s important to stress upfront that this policy creates a tax deferral, not a loophole, and has massive impacts on the economic activity of a wide range of people around the country. I believe any changes to the efficacy of this technique could have wider-ranging consequences than intended. 

Here are eight ways the 1031 exchange tax policy benefits the economy, local communities and the U.S. Treasury, as well as some potential implications that significant changes to the policy could have across the country.

1. Mom-and-pop investors are the biggest beneficiaries of the 1031 exchange.

While it’s easy to picture skyline-defining skyscrapers when thinking about real estate, such properties are vastly outnumbered by duplexes, dentist offices and dry cleaners in the United States. The typical property is much more modest than a high-rise, locally owned and valued between $250,000 and $5 million.

Nearly 90% of all properties sold in 2019 transacted in this range, their total value reaching more than $150 billion. So, smaller investors–not corporations–are the prime beneficiaries of 1031 exchanges.

2. Millions of apartment renters benefit from this policy directly.

Apartment transactions accounted for nearly one-third of all 1031 exchange activity in the past decade, roughly twice the share of any other property type. And the average apartment 1031 transaction was 20% smaller than the average for all apartment transactions.

1031 exchanges benefit renters by encouraging the creation or improvement of housing and higher-quality properties and support lower rental rates by increasing housing supply. Exchanges make it more likely that a long-time investor, who may have deferred maintenance and repairs, will sell to new ownership that is able and willing to make the needed investment to improve the property. This means higher-quality rental housing for our nation’s millions of renters

Visit WealthManagement.com to read more.



July 7, 2021

‎Podcast: When it Comes to Underwriting, You Have to be Your Own Worst Enemy

HZ’s Founder & CEO, Mark Hamilton, joined the Street Smart Success podcast to discuss the underwriting process. Mark discusses how frequently a number of items get left out in a broker or seller’s profits and losses statement.

Check out the full episode below or on Spotify.



June 15, 2021

Hamilton Zanze Sells Multifamily Community in Portland Metro

PORTLAND, Ore. – June 15, 2021 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Preserve at Sunnyside in the desirable Clackamas submarket of Portland, Oregon. The firm purchased the property in 2014 and the sale closed on June 10, 2021.

During their ownership, Hamilton Zanze completed numerous exterior improvements and landscaping improvements, and renovated units with new cabinets, appliances, hardware, and paint to improve leasing efforts and increase rental rates.

“The Preserve at Sunnyside truly shows our ability to provide our investors with high-quality multifamily investing opportunities,” said Anthony Ly, director of dispositions at Hamilton Zanze. “We are glad to have executed our business plan and achieve a positive outcome for our investors.”

Preserve at Sunnyside was built in 1991 and is located at 13300 SE 122nd Ave. in Clackamas. The property comprises 108 one-, two-, and three-bedroom units averaging 1,025 square feet. The community is pet-friendly and has a pool and spa, clubhouse with a full kitchen, covered parking, a dog park, and a playground.

Preserve at Sunnyside is in the Southeast Portland submarket of the Portland metro area. The community is near Interstate 205, Highway 224, and Clackamas Town Center Transit Station, which provides numerous public transportation options to connect residents to Downtown Portland and Portland International Airport. Occupancy in the submarket registered 96.1%, an 0.5% increase year-over-year. Annually, rent performance was strong in the Southeast Portland submarket, registering at a 2.6% increase year-over-year. After the effects of the pandemic subside, economic and job growth are projected to continue in the metro.

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 $5.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 99 properties (23,111 units) across 15 states and 29 markets. For additional information, visit www.hamiltonzanze.com.

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May 5, 2021

Hamilton Zanze Sells Multifamily Community in North Las Vegas

NORTH LAS VEGAS, NV – May 5, 2021 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Norterra Canyon in North Las Vegas, NV. The firm purchased the property in 2018, through a joint venture with a subsidiary of Cantor Fitzgerald Investors, LLC (together with its affiliates “Cantor Fitzgerald) and the sale closed on April 27, 2021. The transaction marks the firms ninth sale in Las Vegas and first DST disposition.

Norterra Canyon was built in 2007 and is located at 5005 Losee Road in North Las Vegas. The property comprises 426 one-, two-, and three-bedroom units averaging 1,076 square feet. Units feature granite countertops, energy star appliances, walk-in closets, patios and balconies, and washers and dryers. Community amenities include a resident lounge, business center, bocce ball, two resort-style pools with cabanas, putting green, and fitness center.

During their ownership, Hamilton Zanze improved resident amenities, including enhancements to the pool area and clubhouse, and completed unit renovations by installing faux wood flooring and upgraded lighting fixture to improve leasing efforts and increase rental rates. At the time of sale, Norterra Canyon was 95% occupied.

“The Las Vegas market is as strong as it’s ever been,” said Anthony Ly, director of dispositions at Hamilton Zanze. “Population growth coupled with strong supply and demand fundamentals allowed us to execute our business plan and for the property to thrive.”

“The timing was just right,” said Chris Milner, Head of Cantor Fitzgerald Investment Management. “The profitable sale of the property allowed us to deliver an attractive return for our investors.”

Norterra Canyon is located in the North Las Vegas submarket of the Las Vegas metro area. Despite stay-at-home orders brought on by the coronavirus pandemic, the economy has started to rebound as unemployment rates continue to decrease. Occupancy in the submarket registered 96.5% and demand in the Las Vegas metro outpaced supply 4,947 units to 2,875 units as of Q4. Annually, rent performance was strongest in the North Las Vegas submarket, registering at 6.9% year-over-year. After the effects of the pandemic subside, economic and job growth are projected to continue in the metro. Norterra Canyon is located 8.0 miles (18-minute drive) north of Downtown Las Vegas, providing direct access to major employers and entertainment.

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 $4.8 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 90 properties (21,536 units) across 15 states and 27 markets. For additional information, visit www.hamiltonzanze.com

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