For Multifamily Executive, Hamilton Zanze CEO Kurt Houtkooper details the reasons for optimism about the multifamily market and his company’s plans for 2024.Read
Hamilton Zanze Sells Multifamily Community in Las Vegas Metro
HENDERSON, Nev. – June 15, 2022 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Miro at the Parc in the desirable Henderson/Green Valley submarket of Las Vegas, Nevada. The firm purchased the property in 2014, and the sale closed on May 25, 2022. Newmark’s Doug Schuster represented sellers at acquisition and disposition.
During their ownership, Hamilton Zanze completed numerous exterior and landscaping improvements, and several amenity upgrades.
“Las Vegas continues to be a solid market with a strong population and job growth. Miro at the Parc represents the 10th Las Vegas sale for Hamilton Zanze,” said Anthony Ly, senior director of dispositions at Hamilton Zanze. “We were ahead of schedule with our business plan, and returns well exceeded initial expectations. It is great to deliver a win to our investors here.”
Miro at the Parc was built in 2013 and is located at 1651 American Pacific Drive in Henderson. The property comprises 164 one- and two-bedroom units averaging 1,043 square feet. The community has a 5,000-square-foot clubhouse with TV rooms, pool tables, shuffleboard, arcade games, and a 24-hour fitness center. The property also has a pool with a beach area, fire pits, showers, and an infinity hot tub.
Miro at the Parc is in the Henderson/Green Valley submarket of the Las Vegas metro area, one of the most affluent submarkets in the market. The property is conveniently located close to two major freeways, I-515 and I-215, which provide easy access to downtown Las Vegas. Additionally, the property is located just a 20-minute drive west of the Las Vegas Strip, which provides entertainment, shopping, and dining for residents.
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 $5.9 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 133 properties (22,087 units) across 17 states and 29 markets. For additional information, visit hamiltonzanze.com.