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HZ News

February 12, 2021

Hamilton Zanze Seizes Opportunity for New Asset in Top Submarket

Hamilton Zanze’s acquisition of ArLo Apartments was recently featured in Connect:

San Francisco-based real estate firm Hamilton Zanze recently acquired the 175-unit ArLo Apartments community in Portland, OR. The purchase marks the firm’s sixth acquisition in the Portland market.

The community is located at 6015 N. Interstate Ave. in the Northwest Portland submarket, approximately 10 minutes from downtown Portland. The 2019-constructed community is near Interstate 5 and North Interstate Avenue, providing access to Vancouver, WA, Portland International Airport and major regional employers. ArLo was 99 percent occupied at purchase. The 175 units range from 367 to 1,100 square feet with 11 different floor plans.

Read the full article at Connect, and see more coverage at MultiFamilyBiz, and The Blue Mountain Eagle.



February 2, 2021

Hamilton Zanze Acquires Portland Multifamily Community

ArLo Apartments living room and kitchenPORTLAND, OR – February 2, 2021 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired 175-unit ArLo Apartments in Portland, Oregon.

The purchase marks the firm’s sixth acquisition in the Portland market. The community, newly built in 2019, is in immediate proximity to Interstate 5 and North Interstate Avenue, providing access to Downtown Portland, Vancouver, WA, Portland International Airport, and major regional employers.

“ArLo provided an excellent opportunity to buy a brand-new property in a great submarket from a great developer,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “We believe the property’s contemporary vintage, amenity package, and prime location in the inner East Side will provide our residents with the quality of life desired in Portland’s urban core. We are excited about our continued growth in this region.”

ArLo was 99.0% occupied at purchase. The community is located at 6015 N Interstate Ave in the desirable Northwest Portland submarket, approximately 10 minutes from Downtown Portland. The 175 units range from 367-1,100 square feet with 11 different floor plans. Community amenities include a rooftop lounge and terrace, game room, fitness center, and co-working lounge.

HZ’s capital improvements plan includes installing smart rent, lock and door repair, adding a dog park, and landscaping enhancements. Additionally, management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

To learn more about ArLo Apartments, please visit https://www.missionrockresidential.com/apartments/or/portland/arlo/.

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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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.

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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.

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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.

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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 $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.