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HZ News

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.

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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 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.

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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 (19,986 units) across 15 states. For additional information, visit www.hamiltonzanze.com



October 9, 2019

San Francisco Buyer Snags New West Nashville Apartments

Hamilton Zanze’s acquisition of Rivertop Apartments was recently featured in the Nashville Business Journal.

A West Nashville apartment complex has been sold for $57.1 million.

Nashville Post reports that San Francisco-based Hamilton Zanze and Co. bought the RiverTop apartments, which are located at 5820 River Road, near the Cumberland River. With 224 units, it represents a purchase price of about $255,000 per unit.

Read the full article at the Nashville Business Journal.



October 9, 2019

Hamilton Zanze Acquires Rivertop Apartments in Nashville

Hamilton Zanze’s acquisition of Rivertop Apartments was recently featured in the Cision PR Newswire.

San Francisco-based real estate investment firm Hamilton Zanze (HZ) partnered with Cantor Fitzgerald to purchase the Rivertop Apartments in Nashville, TN. The transaction closed on October 4th, and property management responsibilities have been transferred to Mission Rock Residential.

The property was recently developed by Birmingham-based LIV Development and was completed in 2019. The property is located at 5800 River Road in West Nashville, and its proximity to the Cumberland River provides scenic views, access to walking trails, and options for outdoor recreation including kayaking, canoeing, and fishing. Downtown Nashville is a short 20-minute drive from the property.

Read the full article at the Cision PR Newswire.



October 9, 2019

West Davidson Apartments sell for $57.1M

Hamilton Zanze was recently featured in the Nashville Post for their recent acquisition of Rivertop Apartments.

Read the full article at the Nashville Post.



October 9, 2019

Hamilton Zanze Acquires Rivertop Apartments in Nashville

NASHVILLE – October 9, 2019 – San Francisco-based real estate investment firm Hamilton Zanze (HZ) partnered with Cantor Fitzgerald to purchase the Rivertop Apartments in Nashville, TN. The transaction closed on October 4th, and property management responsibilities have been transferred to Mission Rock Residential.

The property was recently developed by Birmingham-based LIV Development and was completed in 2019. The property is located at 5800 River Road in West Nashville, and its proximity to the Cumberland River provides scenic views, access to walking trails, and options for outdoor recreation including kayaking, canoeing, and fishing. Downtown Nashville is a short 20-minute drive from the property.

“Rivertop Apartments provided a great opportunity to buy a brand-new property in a great submarket,” said Dave Nelson, Hamilton Zanze’s managing director of transactions. “We are confident that the property’s contemporary vintage, amenity package, and prime location 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.”

The 224-unit luxury apartment community offers large one-, two-, and three-bedroom units ranging between 878 square feet and 1,418 square feet. Rivertop features state-of-the-art amenities and high-end interiors that include granite countertops, ceramic tile backsplashes, stainless steel appliances, wood-style flooring, and private balconies.

Community amenities include a resident clubhouse, resort-style swimming pool, 24-hour fitness center, bocce ball court, dog park, pet spa, and outdoor grills and firepits.

Nashville benefits from a well-established economy driven by a dynamic private sector and a qualified workforce stemming from the presence of top regional universities like Vanderbilt University, Fisk University, and Middle Tennessee State University.

Tennessee’s capital city is known for its music industry, but its educated talent pool and affordable operating costs also make it a top destination for relocating and expanding companies including Gap, LG Electronics, Bridgestone, and Ernst & Young. Continued investments in Nashville resulted in over 15 million annual visitors and $7 billion in visitor spending in 2018.

To learn more about the Rivertop Apartments, please visit www.missionrockresidential.com/apartments/tn/nashville/rivertop/.

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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 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 82 properties (19,826 units) across 15 states. For additional information, visit www.hamiltonzanze.com



September 27, 2019

Hamilton Zanze Sells The Village at Desert Lakes in Las Vegas

Las Vegas, NV – September 27, 2019 – Hamilton Zanze, a San Francisco-based real estate investment firm, is pleased to announce the sale of The Village at Desert Lakes in Las Vegas, NV. The property is located in The Lakes, a master-planned community in a highly desirable West Las Vegas neighborhood. Hamilton Zanze owned the property for seven years and sold the property on September 26, 2019.

Village at Desert Lakes was built in 1990 at 9155 West Desert Inn Road. The 184-unit, 15-building community features an indoor lap pool and basketball court, attached garages, and large one-, two-, and three-bedroom floor plans averaging 1,024 square feet.

“We are thrilled with our execution with The Village at Desert Lakes,” said David Nelson, Hamilton Zanze’s managing director of transactions. “We were able to raise net operating income significantly through successful unit upgrades and expense control, allowing us to take out a supplemental loan to expand our renovation scope. This is a great outcome for HZ and our investors.”

Hamilton Zanze rebranded the property from Broadstone Desert Lakes to The Village at Desert Lakes in 2012. During their ownership, the company executed a value-add campaign including pool area upgrades, leasing office and clubhouse renovations, new signage, landscaping, and unit renovations. Units were updated with stainless steel appliances, grey cabinetry, quartz countertops, new light fixtures and carpet, and faux wood flooring.

Las Vegas hosts over 40 million visitors annually for its entertainment and gaming industries, and there are currently about $15 billion in construction projects planned in the metro area, including the Madison Square Garden Sphere, Raiders Stadium, a Las Vegas Convention Center expansion, and The Las Vegas Medical District and University of Nevada, Las Vegas Medical School. The Greater Las Vegas economy continues to grow as a result of its high quality of life, strong employment and population growth, and continued investments in the region.

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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 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 81 properties (19,602 units) across 15 states. For additional information, visit www.hamiltonzanze.com.



September 26, 2019

Ashlee Cabeal , CPA Promoted to HZ’s Chief Financial Officer

ashlee cabeal bio

Ashlee Cabeal, CPA, a longtime member of the Hamilton Zanze team, has been promoted to the role of Chief Financial Officer. Prior to her current position Ashlee served as a Senior Director on the HZ Transactions team, focusing on acquisitions, dispositions, and refinance activity. In this role she also provided expertise in deal sourcing, underwriting, loan originations, and closings.

Before joining Hamilton Zanze as an intern in 2010, Ashlee worked as a senior audit associate at PricewaterhouseCoopers. There, she focused on servicing banking and private equity clients.

Ashlee has a B.S. in Accounting and a B.B.A. in Marketing from Loyola Marymount University, and an M.B.A. from the University of California, Davis. She is also a Certified Public Accountant in the state of California. In her spare time, she enjoys traveling, the great outdoors, and cooking.

We are honored to have Ashlee as a part of the HZ team and highly value her contribution to the company’s success. The opportunity to work alongside her through her spectacular professional trajectory has been incredible for each of us. Please join us in congratulating her for her elevation into this important new role at Hamilton Zanze.



September 24, 2019

Mission Rock Residential’s Pat Hutchison is 2019 Multifamily Executive of the Year

HZ is proud to congratulate Patricia Hutchison, president of HZ’s property management partner Mission Rock Residential, on being named the 2019 Multifamily Executive of the Year by Multifamily Executive Magazine.

Multifamily Executive writes:

Launched in 2012, Mission Rock has 675 employees and manages more than 25,000 units in 15 states. It is undergoing rapid growth, onboarding 1,900 units in the past six months alone. “When we decided to create Mission Rock, my partner, Mark Hamilton, and I both knew she would make a highly qualified candidate, able to take the company far,” says Tony Zanze, co-founder of Hamilton Zanze. “At the time, we had no idea just how far and how quickly that would happen.”

Read more at MultifamilyExecutive.com


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