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Hamilton Zanze Sells The Gates At Buffalo Ridge Apartments in Texas
DALLAS/FORT WORTH, Texas. – 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.